Nifty Jan F: 18103 [ 18303 / 18083 ]/span>
NF gave an Open Test Drive from the yPOC of 18294 as it left a long selling tail from 18227 to 18303 in the IB (Initial Balance) and made a low of 18164 stopping just above 29th Dec’s SOC (Scene Of Crime) at 18160 after which the C side made a quiet inside bar but remained below VWAP.
The auction then made a RE lower in the D period and followed it up with a bigger one in the F where it went on to tag the 29th Dec VPOC of 18120 & the FA of 18092 while making a low of 18087 completing the main objective of the strong open.
The FA being defended then triggered a bounce back to the day’s VWAP as NF made a slow OTF (One Time Frame) probe higher till the J TPO where it left a PBH at 18192 after which the K period did what it does best to retrace the entire bounce followed by marginal new lows of 18083 in the L leaving a ‘b’ shape profile for the day with completely lower Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Test Drive – Down (OTD)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 18133 F
- Vwap of the session was at 18166 with volumes of 105.9 L and range of 220 points as it made a High-Low of 18303-18083
- NF confirmed a FA at 18092 on 29/12 and tagged 1 ATR objective of 18296 on same day. This FA got revisted on 04/01 which was the ‘T+4’ Day & did show some demand coming back.
- 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 18092-18133-18188
HVNs – 18181
(** indicates series POC)
Business Areas for 05th Jan 2023:
Up
18133 – dPOC from 04 Jan
18166 – VWAP from 04 Jan
18192 – PBH from 04 Jan
18227 – Selling Tail (04 Jan)
18265 – IB Singles Mid
18324 – 3-day comp VAH
Down
18092 – FA from 29 Dec
18049 – Buying Tail (26 Dec)
17995 – IB Singles Mid (26 Dec)
17941 – Weekly FA
17897 – Buying tail (28 Oct)
17863 – 2 ATR from yPOC
(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: 43136 [ 43710/ 43031 ]
BNF opened comparitively stronger probing above PDH as it recorded new highs for the series at 43710 but could not sustain & confirmed a late ORR (Open Rejection Reverse) as it swiped through previous Value in the IB making a low of 43355 holding just above the FA of 43348 but was looking weak as was seen in the long selling tail from 43538 to 43710.
The auction then made a RE lower in the D period negating the FA while making a low of 43259 and followed it with another bigger extension in the F TPO where it got into the buying tail from 30th Dec & made a low of 43060 marking the end of the current downmove.
It then gave a typical pull back to the day’s VWAP in the J period which by then had aligned with the IBL of 43355 and BNF got rejected exactly from there triggering another probe down into the close resulting in new lows of 43031 but saw the dPOC shifting down to 43139 suggesting profit booking by the sellers leaving a ‘b’ shape profile which was also an Outside Day with completely lower Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Rejection Reverse – Down (ORR)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile – Outside Bar)
- Largest volume was traded at 43139 F
- Vwap of the session was at 43299 with volumes of 44.6 L and range of 679 points as it made a High-Low of 43710-43031
- 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 43032-43139-43381
HVNs – 43270
(** indicates series POC)
Business Areas for 05th Jan 2023:
Up
43139 – dPOC from 04 Jan
43254 – LVH from 04 Jan
43356 – PBH from 04 Jan
43501 – Ext Handle
43624 – IB singles mid
43739 – PBH from 21 Dec
Down
43060 – Buying tail (04 Jan)
42957 – Ext Handle (29 Dec)
42853 – Weekly NeuX VWAP
42739 – HVN from 29 Dec
42615 – FA from 26 Dec
42475 – PBL from 26 Dec
(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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