Nifty Jan F: 17961 [ 17985 / 17786 ]
NF opened in the spike zone zone of 17819 to 17871 and failed to find fresh demand which led to a probe lower to 17786 in the A period where the buyers came back to defend yesterday’s extension handle of 17783 and left a buying tail in the IB and formed a balance for the first half of the day building volumes at 17848 after which the auction made a fresh move to the upside with the help of another extension handle at 17885 and made an OTF (One Time Frame) probe higher till the J period completing the 2 IB objective of 17985 marking the end of the upmove forming another balance in the upper part and even saw the dPOC shifting higher to 17967 into the close leaving a Double Distribution Trend Up Day with the low volume zone from 17925 to 17885 being the first support zone for the coming session.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAOR)
- The Day type was aDouble Distribution Trend Day – Up (DD)
- Largest volume was traded at 17967 F
- Vwap of the session was at 17897 with volumes of 75.4 L and range of 199 points as it made a High-Low of 17985-17786
- 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 17850-17967-17984
HVNs – 17400 / 17664 / 17964
Business Areas for 06th Jan 2022:
Up
17967 – dPOC from 05th Jan
18005 – Selling singles (18th Nov)
18059 – 1 ATR from 17847
18088 – NeuX VWAP from 17th Nov
18145 – PBH from 17th Nov
18180 – VWAP from 16th Nov
18230 – SOC (Scene Of Crime) from 16th Nov
Down
17925 – PBL from 05th Jan
17885 – Extension Handle from 05th Jan
17848 – HVN from 05th Jan
17821 – Buying Singles from 05th Jan
17783 – Extension Handle (04th Jan)
17747 – dPOC from 04th Jan
17705 – PBL (Pull Back Low)
(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: 37795 [ 37988 / 36850 ]
BNF probed back into previous day’s Value swiping through the yPOC of 36927 and making a low of 36850 in the first 5 minutes but held above yVWAP where the institutional buyers made their presence felt confirming an Open Test Drive Up as the auction scaled above the 16th Dec VPOC of 37123 & weekly 2 IB obejctive of 37224 in the A period itself and continued the same momentum in the B period as it made a high of 37567 getting into the DD singles of 13th Dec. The huge first hour range of 717 points meant some sense of balance needed to come back as BNF gave a small pull back to 37388 in the D TPO but resumed the upmove making successful REs (Range Extension) in the E / G / H & K periods as it made a high of 37988 almost tagging the Daily Swing High of 37995 from 9th Dec and saw some profit booking coming in resulting in the second PBL of the day at 37728 and also saw the dPOC shift higher to 37760 leaving an elongated 1138 point Trend Day Up.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Test Drive – Up (OTD)
- The Day type was a Trend Day – Up ( TD)
- Largest volume was traded at 37760 F
- Vwap of the session was at 37570 with volumes of 51.7 L and range of 1138 points as it made a High-Low of 37988-36850
- 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 37474-37760-37987
HVNs – 35620 / 36918
Business Areas for 06th Jan 2022:
Up
37836 – LVN from 05th Jan
37995 – Daily Swing High from 09th Dec
38100 – SOC (Scene Of Crime) from 24th Nov
38309 – VWAP from 18th Nov
38540 – PBH from 18th Nov
38688 – PBH from 17th Nov
38850 – Poor Highs from 17th Nov
Down
37760 – dPOC from 05th Jan
37570 – Trend Day VWAP from 05th Jan
37388 – PBL from 05th Jan
37200 – Buying Singles from 05th Jan
37026 – Mid-point of buying tail
36824 – VWAP from 04th Jan
36738 – VAL from 04th 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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