Nifty Feb F: 17902 [ 17927 / 17635 ]
NF opened higher but stalled right below 01st Feb’s mid-profile tail from 17784 as it made a high of 17783 and reversed the probe to the downside getting back into previous day’s range & value triggering the 80% Rule and making couple of REs (Range Extension) in the C & D periods where it made similar lows of 17641 & 17635 indicating downside getting exhausted.
The auction then got back into the Initial Balance as well as above day’s VWAP in the F TPO initiating an OTF (One Time Frame) move higher for most part of the day with the help of multiple REs as it took out the Budget Day NeuX VWAP of 17824 with an extension handle at 17820 and went on to tag that day’s VWAP of 17909 while making a high of 17927 in the L period and saw big profit booking by the longs as the dPOC shifted higher to 17910 leading to a retracement down to 17866 into the close leaving a Neutral Extreme Up Day.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 17910 F
- Vwap of the session was at 17779 with volumes of 104.5 L and range of 291 points as it made a High-Low of 17927-17635
- The settlement day Roll Over point (Feb 2023) is 17985
- The VWAP & POC of Jan 2023 Series is 17923 & 18132 respectively.
- The VWAP & POC of Dec 2022 Series is 18337 & 18584 respectively.
- The VWAP & POC of Nov 2022 Series is 18295 & 18335 respectively.
You can check the monthly charts & other swing levels for Nifty & NF here & for the weekly charts & analysis, please click here.
Daily Zones:
- Value zones (volume profile) are at 17727-17910-17924
HVNs – 17676** / 17738 / 18240
(** indicates series POC)
Business Areas for 06th Feb 2023:
Up
17910 – dPOC from 03 Feb
17945 – 2nd SOC from 01 Feb
18008 – First SOC from 01 Feb
18063 – Poor High (01 Feb)
18111 – Extension Handle (24 Jan)
18169 – IB Singles Mid (24 Jan)
Down
17890 – Closing HVN (03 Feb)
17866 – Mid-profile singles (03 Feb)
17820 – Extension Handle (03 Feb)
17779 – NeuX VWAP (03 Feb)
17725 – HVN from 03 Feb
17670 – LVN from 03 Feb
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Feb F: 41638 [ 41684/ 40766 ]
BNF opened higher giving a follow up to the mini-spike of previous session and took out the NeuX VWAP of 41270 from the Budget Day and made a high of 41444 in the A period stalling below that day’s VPOC of 41488 settling down into an OAOR (Open Auction Out of Range) as it made a relatively narrow IB range of 354 points after which it made a big C side extension lower almost tagging the spike low of 40929.
The auction then made another RE lower in the E period as it made new lows of 40766 entering previous value but got rejected as it left a responsive buying tail till 40883 marking the end of the downside for the day after which it got back into the IB forming a balance till the J TPO before breaking out in it’s favourite action period of K leaving an extension handle at 41444 and spiking higher into the close as it hit 41684 in the last tick forming a perfect Neutral Extreme Up Day.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 41309 F
- Vwap of the session was at 41264 with volumes of 52.7 L and range of 919 points as it made a High-Low of 41684-40766
- The settlement day Roll Over point (Feb 2023) is 41864
- The VWAP & POC of Jan 2023 Series is 41965 & 42320 respectively.
- The VWAP & POC of Dec 2022 Series is 43030 & 43128 respectively.
- The VWAP & POC of Nov 2022 Series is 42150 & 42959 respectively.
For the Monthly charts & other swing levels for BankNifty & BNF click here & for the weekly charts & analysis, please click here.
Daily Zones:
- Value zones (volume profile) are at 40938-41309-41418
HVNs – 40600** / 40726 / 42115
(** indicates series POC)
Business Areas for 06th Feb 2023:
Up
to be updated…
Down
to be updated…
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
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