Nifty Feb F: 17529 [ 17632 / 17475 ]
NF probed below the spike low of 17500 as it hit 17488 at open but was rejected back into previous day’s range leading to a bounce back to the yPOC of 17617 in the B period where it made a high of 17632 and left a small selling tail indicating that the supply is active in this zone.
The auction then remained largely in the IB range for most part of the day forming a Normal profile inspite of making 3 attempts to extend the range to the downside in the G, H & I periods but could only manage similar lows of 17475 which triggered a short covering bounce above VWAP to 17592 in the J period before NF closed around the HVN of 17518 which will be the reference for the next open with Value being completely lower.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction (OA)
- The Day type was a Normal Day
- Largest volume was traded at 17564 F
- Vwap of the session was at 17546 with volumes of 96.4 L and range of 157 points as it made a High-Low of 17632-17475
- The settlement day Roll Over point (February 2022) is 17165
- The VWAP & POC of Jan 2022 Series is 17669 & 17703 respectively.
- The VWAP & POC of Dec 2021 Series is 17169 & 17240 respectively.
- The VWAP & POC of Nov 2021 Series is 17635 & 17961 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 17515-17564-17590
HVN – 17347**
(** indicates series POC)
Business Areas for 07th Feb 2022:
Up
17562 – HVN from 04th Feb
17609 – Selling singles (04th Feb)
17651 – VWAP from 03rd Feb
17704 – PBH from 03rd Feb
17766 – Mid-point of selling tail
17820 – LVN from 20th Jan
Down
17518 – dPOC from 04th Feb
17455 – LVN from 02nd Feb
17424 – Weekly IBH
17372 – VAH of previous week
17312 – VAL from 31st Jan
17256 – Buying Singles (01st 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: 38870 [ 39365 / 38655 ]
BNF did not give any follow through to the NeuX profile as it started the day with an OL (Open=Low) at 38999 and left an initiative buying tail & went on to scale above yVWAP & POC of 39286 & 39304 respectively in the IB but formed similar highs indicating exhaustion on the upside.
The auction then not only negated the buying tail but went on to make a RE (Range Extension) lower in the E period triggering a quick fall over the next 3 periods completing the 1 ATR objective of 38803 from previous day’s FA of 39540 & almost tagged the 01st Feb VPOC of 38636 while making a low of 38655 but left similar lows as well marking the end of the downside.
BNF then gave a bounce back to 39001 in the J TPO but could not sustain above the combo of the day’s VWAP & IBL but saw the dPOC shifting lower to 38840 into the close as it left a DD (Double Distribution) type profile for the day with completely lower Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 38840F
- Vwap of the session was at 38989 with volumes of 47.5 L and range of 709 points as it made a High-Low of 39365-38655
- BNF confirmed a FA at 39540 on 03/02 and tagged the 1 ATR objective of 38803 on 04/02. The 2 ATR target comes to 38067.
- BNF confirmed a multi-day FA at 37767 on 01/02 and tagged the 1 ATR objective of 38442 on the same day and went on to tag the 2 ATR target of 39126 on 02/02. This FA is currently on ‘T+5’ Days.
- The settlement day Roll Over point (February 2022) is 38240
- The VWAP & POC of Jan 2022 Series is 37772 & 38232 respectively.
- The VWAP & POC of Dec 2021 Series is 36082 & 35100 respectively.
- The VWAP & POC of Nov 2021 Series is 38047 & 39404 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 38702-38840-39094
HVN – 39270**
(** indicates series POC)
Business Areas for 07th Feb 2022:
Up
39001 – PBH from 04th Feb
39130 – 2-day composite VAL
39300 – 2-day composite POC
39410 – SOC from 03rd Feb
39540 – FA from 03rd Feb
39784 – 1 ATR from 39001
40037 – Monthly 1.5 IB
Down
38840 – dPOC from 04th Feb
38636 – dPOC from 01st Feb
38520 – VWAP from 01st Feb
38364 – 3-day composite VAH
38148 – 3-day composite POC
38022 – 3-day composite VWAP
37714 – VWAP from 27th Jan
(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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