Nifty Apr F: 18017 [ 18171 / 17990 ]
NF opened above PDH (Previous Day High) but could not sustain turning into an Open Auction (OA) as it got back into previous Value and broke below the yPOC of 18096 and went on to make a low of 18031 in the IB (Initial Balance). The auction then made the dreaded C side extension lower to tag 18022 but the HVN of 18030 was defended resulting in a probe back to the day’s VWAP in the D period followed by a RE (Range Extension) on the upside in the H TPO which confirmed a FA at lows.
NF continued the upmove hitting higher highs of 18171 in the I period but could not sustain & got back into the IB range triggering a big liquidation break into the close as the auction not only negated the morning FA of 18022 but went on to confirm a FA at top and hit new lows of 17990 into the close leaving a NeuX (Neutral Extreme) profile.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction (OA)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 18068 F
- Vwap of the session was at 18076 with volumes of 96.5 L and range of 181 points as it made a High-Low of 18171-17990
- NF confirmed a FA at 18171 on 05/04 and the 1 ATR objective comes to 17937.
- The settlement day Roll Over point (April 2022) is 17546
- The VWAP & POC of Mar 2022 Series is 16753 & 17255 respectively.
- The VWAP & POC of Feb 2022 Series is 17183 & 17409 respectively.
- The VWAP & POC of Jan 2022 Series is 17669 & 17703 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 18031-18068-18128
HVN – 17573 / 18065**
(** indicates series POC)
Business Areas for 06th Apr 2022:
Up
18031 – IBH from 05th Apr
18077 – NeuX VWAP (05th Apr)
18126 – SOC (Scene Of Crime)
18171 – FA (Failed Auction)
18201 – Extension Handle (18th Jan)
18274 – VPOC from 18th Jan
18333 – PBH from 18th Jan
18405 – 1 ATR up from 18171
Down
17990 – NeuX zone low
17923 – PBL from 04th Apr
17860 – Intra-day singles mid-point
17818 – Gap mid-point
17765 – Freak Low (04th Apr)
17707 – 2 ATR from FA of 18171
17655 – Extension Handle (01st Apr)
17603 – Trend Day VWAP (01st Apr)
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Apr F: 38139 [ 38780 / 38010 ]
BNF opened just above PDH but left an OH (Open=High) start & got rejected back into previous day’s range falling by 575 points in the IB (Initial Balance) as it made a low of 38175 taking support at the PBL of 38182. The auction then began to coil around the day’s VWAP & yesterday’s HVN of 38440 forming a balance as it first left a PBH at 38525 in the D TPO followed by a PBL at 38338 in the G period and signalled a move away from this balance as it first got above 38525 in the H TPO & then made a RE (Range Extension) attempt in the I period but could only manage marginal new highs of 38780.
The failure to sustain above IBH meant no fresh demand was coming in & this encouraged the sellers to get back aggressively and they did a good job for the rest of the day leaving couple of SOCs (Scene Of Crime) at 38607 & 38338 before making a RE to the downside in the L period as BNF spiked lower to 38010 into the close confirming a FA at top & a Neutral Extreme Down Day.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction (OA)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 38425 F
- Vwap of the session was at 38408 with volumes of 50.9 L and range of 770 points as it made a High-Low of 38780-38010
- BNF confirmed a FA at 38780 on 05/04 and tagged the 1 ATR objective of 38101 on the same day. The 2 ATR objective comes to 37423.
- The settlement day Roll Over point (Aril 2022) is 36550
- The VWAP & POC of Mar 2022 Series is 34992 & 35648 respectively.
- The VWAP & POC of Feb 2022 Series is 37712 & 37712 respectively.
- The VWAP & POC of Jan 2022 Series is 37772 & 38232 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 38185-38425-38581
HVN – 36799 / 37170 / 38437** / 38640
(** indicates series POC)
Business Areas for 06th Apr 2022:
Up
38175 – NeuX zone high
38338 – SOC (Scene Of Crime)
38425 – dPOC from 05th Apr
38607 – SOC (Scene Of Crime)
38780 – FA from 05th Apr
38900 – VPOC from 11th Feb
39120 – FA from 11th Feb
39210 – Gap mid-point (11th Feb)
Down
38105 – Buying singles (05th Apr)
37988 – 1 ATR from 38640
37850 – Singles mid-point
37668 – Gap mid-point
37565 – Weekly IBL
37423 – 2 ATR from FA of 38780
37250 – Daily Extension Handle
37049 – Extension Handle (01st Apr)
(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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