Nifty Jan F: 17847 [ 17871 / 17632 ]
NF opened higher and scaled above the 13th Dec swing high of 17737 but saw profit booking coming in which triggered a probe back into previous day’s range as the auction broke below the dPOC of 17675 and made a low of 17632 stalling right at the extension handle indicating return of demand and this in turn resulted in a fresh move to the upside as NF confirmed yet another buying tail in the IB (Initial Balance) from 17692 to 17632 and tagged the 22nd Nov extension handle of 17763. However, a typical C side extension to 17775 got rejected back into the IB signalling lack of big players as only the locals participated causing a nice balance for most part of the day with the auction leaving PBLs (Pull Back Low) at 17705 & 17715 and making another attempt in the G period to probe higher but could only tag 17783 and seemed like will close as a ‘p’ shape profile for the day but the K period had other plans as it not only left an extension handle at 17783 but went on to spike into the close as NF got into the selling singles of 22nd Nov and made a high of 17871. Spike Rules will be in play for the next open with 17819 to 17871 being the zone to watch.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was aNormal Variation Day – Up (‘p’ shape profile with a Spike)
- Largest volume was traded at 17747 F
- Vwap of the session was at 17757 with volumes of 75.4 L and range of 238 points as it made a High-Low of 17871-17632
- The settlement day Roll Over point (January 2022) is 17260
- The VWAP & POC of Dec Series is 17169 & 17240 respectively.
- The VWAP & POC of Nov Series is 17635 & 17961 respectively.
- The VWAP & POC of Oct Series is 18036 & 18155 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 17688-17747-17788
HVNs – 17400 / 17664
Business Areas for 05th Jan 2022:
Up
17871 – Spike High from 04th Jan
17900 – VPOC from 18th Nov
17940 – IBL from 18th Nov
17980 – Extension Handle (18th Nov)
18005 – Selling singles (18th Nov)
18059 – 1 ATR from 17847
18088 – NeuX VWAP from 17th Nov
Down
17819 – Spike low from 04th Jan
17783 – Extension Handle (04th Jan)
17747 – dPOC from 04th Jan
17705 – PBL (Pull Back Low)
17675 – dPOC from 03rd Jan
17631 – Extension Handle from 03rd Jan
17591 – Trend Day VWAP from 03rd Jan
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Dec F: 36977 [ 37023 / 36492 ]
BNF opened higher and made a look up above 17th Nov selling singles of 36783 as it made a high of 36823 and saw some profit booking which dragged it back into previous day’s range and like NF it broke below the yPOC of 36541 while making a low of 36492 in the A period from where it got swiftly rejected leading to a higher probe in the B period as it formed a relatively big IB range of 473 points while making a high of 36965 & leaving a buying tail from 36690 to 36492. The auction then made the dreaded C side extension making marginal new highs of 37000 but could not sustain above the 16th Dec DD VWAP of 36990 which stalled the upmove and led to a balance being formed with one test of the morning singles late in the day as BNF left a PBL at 36638 in the ‘J’ period and the defence by buyers triggered a short covering move into the close & a mini-spike from 37000 to 37023 leaving a ‘p’ shape profile for the day with completely higher Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction (OA)
- The Day type was a Normal Day ( ‘p’ shape profile)
- Largest volume was traded at 36927 F
- Vwap of the session was at 36824 with volumes of 40.8 L and range of 531 points as it made a High-Low of 37023-36492
- The settlement day Roll Over point (January 2022) is 35240
- The VWAP & POC of Dec Series is 36082 & 35100 respectively.
- The VWAP & POC of Nov Series is 38047 & 39404 respectively.
- The VWAP & POC of Oct Series is 39368 & 41157 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 36732-36927-36977
HVNs – 35620 / 36918
Business Areas for 05th Jan 2022:
Up
37000 – Spike low from 04th Jan
37123 – VPOC from 16th Dec
37224 – Weekly 2 IB ibjective
37333 – Mid-point of selling singles (16th Dec)
37418 – Daily Swing High (16th Dec)
37505 – DD singles from 13th Dec
37610 – Extension Handle from 13th Dec
37738 – VPOC from 13th Dec
Down
36927 – dPOC from 04th Jan
36824 – VWAP from 04th Jan
36738 – VAL from 04th Jan
36638 – PBL from 04th Jan
36541 – dPOC from 03rd Jan
36437 – Extension Handle from 03rd Jan
36340 – Extension Handle from 03rd Jan
36189 – Trend Day VWAP from 03rd 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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