Nifty Jan F: 17943 [ 18132 / 17872 ]
NF made an OAIR (Open Auction In Range) start and probed both sides in the A period taking support at the HVN of 18056 on the downside and stalling around the yPOC of 18114 on the upside before the B period made a decisive break lower leaving an extension handle at 18052 and triggering a trending move to the downside which was accelerated further in the G TPO where the auction left the 2nd extension handle of 17975 and went on to negate the 26th Dec Swing lows of 17941 not only completing the 2 IB objective of 17930 but went on to test the 28th Oct Buying tail from 17897 as it made a low of 17872 in the I period thereby completing the 1 ATR target on the downside too of 17888 from the negated FA of 18092.
The auction then saw the dPOC shift lower to 17910 indicating profit booking by the sellers and formed a mini balance into the close giving a bounce back to 17965 into the close leaving a DD (Double Distribution) Trend Day Down with completely lower Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range (OAIR)
- The Day type was a Double Distribution Trend Day – Down (DD)
- Largest volume was traded at 17922 F
- Vwap of the session was at 17983 with volumes of 104.4 L and range of 260 points as it made a High-Low of 18132-17872
- 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 17875-17922-18022
HVNs – 18100** / 18181
(** indicates series POC)
Business Areas for 09th Jan 2023:
Up
17946 – Closing HVN (06 Jan)
17984 – VWAP from 06 Jan
18028 – PBH from 06 Jan
18066 – IB HVN from 06 Jan
18118 – Selling Tail (06 Jan)
18164 – Selling Tail (05 Jan)
Down
17922 – dPOC from 06 Jan
17876 – Buying tail (06 Jan)
17846 – 1 ATR (Weekly POC)
17808 – Monthly ATR
17746 – Monthly 3IB
17710 – 1 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: 42358 [ 42839/ 42052 ]
BNF for the second day running got rejected from previous day’s VWAP indicating sellers in complete control which was seen in the A period selling tail from 43722 to 43839 as it made new lows for the series at 42452 forming a relatively large IB range of 388 points after which it made a typical C side extension to 42416 triggering a bounce back to the day’s VWAP and a PBH at 42566 in the F TPO.
The auction however saw the supply coming back strongly in the G with the help of an extension handle and saw a fast drop down to 42076 in the I period and completed the 2 IB objective of 42064 in the K where it made marginal new lows of 42052 marking the end of the downside for the day and gave a bounce back to the day’s VWAP & the G TPO extension handle where it left a closing PBH at 42424 leaving a Normal Variation Day Down with mostly lower Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Vairation Day – Down (NV)
- Largest volume was traded at 42506 F
- Vwap of the session was at 42402 with volumes of 39.2 L and range of 788 points as it made a High-Low of 42839-42052
- 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 42175-42506-42554
HVNs – 43270
(** indicates series POC)
Business Areas for 09th Jan 2023:
Up
42424 – Closing PBH (06 Jan)
42566 – PBH from 06 Jan
42722 – Selling Tail (06 Jan)
42842 – VWAP from 05 Jan
42939 – HVN from 05 Jan
43075 – Selling Tail
Down
42363 – Closing HVN (06 Jan)
42219 – Lower HVN (06 Jan)
42076 – Weekly IBL
41940 – Closing tail (23 Dec)
41846 – 1 ATR from yPOC
41694 – 1.5 Weekly IB
(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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