Nifty Jan F: 18317 [ 18333 / 18210 ]/span>
NF opened lower but got rejected back into previous Value & formed another Normal Variation Day Up with a mini-spike higher into the close smoothening the 2-day balance it was forming even further to give a nice Gaussian Curve over the last 3 days with Value at 18232-18252-18324 and looks good to give a move away from here provided it gets initiative volumes at open in the coming session(s).
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up (with a mini-Spike close)
- Largest volume was traded at 18294 F
- Vwap of the session was at 18274 with volumes of 68 L and range of 124 points as it made a High-Low of 18333-18210
- NF confirmed a FA at 18092 on 29/12 and tagged 1 ATR objective of 18296 on same day. The 2 ATR target comes to 18501.
- The settlement day Roll Over point (Jan 2023) is 18299
- The VWAP & POC of Dec 2022 Series is 18337 & 18584 respectively.
- The VWAP & POC of Nov 2022 Series is 18295 & 18335 respectively.
- The VWAP & POC of Oct 2022 Series is 17350 & 17260 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 18247-18294-18332
HVNs – 18181
(** indicates series POC)
Business Areas for 04th Jan 2023:
Up
18324 – 3-day comp VAH
18360 – Selling Tail
18404 – IB HVN (22 Dec)
18440 – 1 ATR from yPOC
18475 – Extension Handle (21 Dec)
18508 – Weekly 2 IB
Down
18294 – dPOC from 03 Jan
18252 – 3-Day comp POC
18222 – Buying Tail (03 Jan)
18189 – Buying Tail (02 Jan)
18160 – 29 Dec SOC (Scene Of Crime)
18120 – VPOC from 29 Dec
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Jan F: 43609 [ 43661/ 43348 ]
BNF opened right at the 2-day composite POC of 43380 & gave a move away from the 2-day balance in the IB where it left an initiative buying tail from 43475 to 43352 but made the dreaded C side extension to 43600 stalling just below 30th Dec’s Swing High of 43606 and triggered an OTF (One Time Frame) probe lower till the G period where it not only negated the morning tail but made marginal new lows for the day at 43348.
The auction however was swiftly rejected and this led to a complete reversal and a trending move higher till the K TPO as BNF not only confirmed a FA (Failed Auction) at lows but went on to tag the weekly VPOC of 43658 while making a high of 43661 leaving a Neutral Extreme (NeuX) Day Up with today’s VWAP of 43525 being an important reference going forward.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction In Range (OAIR)
- The Day type was a Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 43584 F
- Vwap of the session was at 43525 with volumes of 29.1 L and range of 313 points as it made a High-Low of 43661-43348
- BNF confirmed a FA at 43348 on 03/01 and 1 ATR objective comes to 43935.
- The settlement day Roll Over point (Jan 2023) is 43420
- The VWAP & POC of Dec 2022 Series is 43030 & 43128 respectively.
- The VWAP & POC of Nov 2022 Series is 42150 & 42959 respectively.
- The VWAP & POC of Oct 2022 Series is 39750 & 38950 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 43439-43584-43609
HVNs – 43270
(** indicates series POC)
Business Areas for 04th Jan 2023:
Up
43632 – Closing HVN (03 Jan)
43739 – PBH from 21 Dec
43820 – Selling Tail (21 Dec)
43964 – Ext Handle (15 Dec)
44028 – Mid-profile tail (15 Dec)
44114 – Weekly VPOC
Down
43584 – dPOC from 03 Jan
43455 – SOC (Scene Of Crime)
43348 – FA from 03 Jan
43216 – Buying tail (02 Jan)
43120 – Buying tail (30 Dec)
43002 – Weekly FA
(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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