Nifty Apr F: 17867 [ 17965 / 17837 ]
NF opened with a gap down of 121 points giving a follow up to yesterday’s NeuX profile & completing the 1 ATR objective of 17937 from the FA of 18171 as it made a low of 17863 forming a narrow 84 point range IB (Initial Balance).
The auction then made the dreaded C side extension lower to 17837 which was rejected back into the IB and a probe above VWAP in the F period triggered a short covering move which in turn resulted in a RE to the upside in the G TPO as NF hit new day highs of 17965 but was swiftly rejected giving way to another FA being confirmed as the auction made similar lows of 17840 & 17841 on either side of the K period where it left a PBH at 17908 before closing the day right at the prominent POC of 17865 forming a Neutral Centre Day with completely lower value.
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 a Neutral Centre Day (NeuC)
- Largest volume was traded at 17864 F
- Vwap of the session was at 17888 with volumes of 102.1 L and range of 128 points as it made a High-Low of 17965-17837
- NF confirmed a FA at 18171 on 05/04 and tagged the 1 ATR objective of 17937 on 06/04. The 2 ATR target comes to 17703.
- NF confirmed a FA at 17965 on 06/04 and the 1 ATR objective comes to 17739.
- 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 17854-17864-17906
HVN – 17573 / 17865** / 18065
(** indicates series POC)
Business Areas for 07th Apr 2022:
Up
17872 – HVN from 06th Apr
17908 – PBH from 06th Apr
17965 – FA from 06th Apr
18017 – Gap Singles High
18068 – VPOC from 05th Apr
18126 – SOC (Scene Of Crime)
18171 – FA (Failed Auction)
18201 – Extension Handle (18th Jan)
Down
17864 – dPOC from 06th Apr
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)
17560 – PBL from 01st Feb
17533 – Buying Singles (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: 37754 [ 38036 / 37642 ]
BNF also gave a follow up to the NeuX profile as it opened lower by 400 points and went on to make a low of 37642 in the IB taking support around the mid-point of Monday’s gap up which was at 37668 but left an initiative selling tail from 37793 to 37928.
The auction then began to coil inside the B period range forming double inside bars in the C & D TPOs but the failure of the sellers to extend the range to the downside triggered a short covering move from the E period onwards as BNF not only got above the day’s VWAP but went on to make a good RE (Range Extension) to the upside in the G period where it made a high of 38036.
However, this entry into previous day’s range got rejected as the auction got back into the IB & retraced the entire move up and left a PBL at 37675 in the J period and continued to build volumes around the prominent dPOC of 37763 into the close forming a nice balanced 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 Out of Range (OAOR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 37763 F
- Vwap of the session was at 37796 with volumes of 46.2 L and range of 395 points as it made a High-Low of 38036-37642
- 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 37675-37763-37843
HVN – 36799 / 37170 / 38437** / 38640
(** indicates series POC)
Business Areas for 07th Apr 2022:
Up
37763 – dPOC from 06th Apr
37880 – PBH from 06th Apr
38026 – Selling singles (06th Apr)
38175 – NeuX zone high
38338 – SOC (Scene Of Crime)
38425 – VPOC from 05th Apr
38607 – SOC (Scene Of Crime)
38780 – FA from 05th Apr
Down
37675 – PBL from 06th Apr
37565 – Weekly IBL
37423 – 2 ATR from FA of 38780
37250 – Daily Extension Handle
37049 – Extension Handle (01st Apr)
36926 – Trend Day VWAP (01st Apr)
36822 – dPOC from 01st Apr
36722 – mid-profile singles
(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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