Nifty Jan F: 17788 [ 17845 / 17685 ]
NF opened with a big gap down of 130 points & got rejected from just below the HVN of 17848 as it made an Open Drive Down breaking below the 4th Jan VPOC of 17747 while giving a swift fall to 17711 in the A period and after a subdued B period where it left tails at both the ends of the IB (Initial Balance), the auction made a typical C side extension to 17701 and followed it up with another marginal new low of 17693 in the D TPO holding just above 4th Jan’s buying singles of 17692 to 17632 as it continued to remain in a narrow range staying below the day’s VWAP. The G period then made the third RE to the downside but once again could only tag 17685 which confirmed that the sellers were not able to do a good job and this led to a short covering move with NF crossing above VWAP for the first time in the day in the H period and went on to retrace the entire morning fall while leaving a PBH at 17840 in the K TPO before settling down to close at the upper end of today Value which was completely lower. We have a selling tail from 17840 to 17967 which will be the supply zone on watch for the coming session whereas on the downside the PBL of 17725 & 3rd Jan’s dPOC of 17675 would be the levels to watch out for buyers to respond.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Drive – Down (OD)
- The Day type was a Normal Day
- Largest volume was traded at 17752 F
- Vwap of the session was at 17766 with volumes of 120 L and range of 160 points as it made a High-Low of 17845-17685
- 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 17709-17752-17796
HVNs – 17400 / 17748
Business Areas for 07th Jan 2022:
Up
17796 – VAH from 06th Jan
17840 – Selling Singles from 06th Jan
17901 – Mid-point of selling tail
17967 – VPOC from 05th Jan
18005 – Selling singles (18th Nov)
18059 – 1 ATR from 17847
18088 – NeuX VWAP from 17th Nov
Down
17766 – VWAP from 06th Jan
17725 – PBL (Pull Back Low) from 06th Jan
17675 – dPOC from 03rd Jan
17631 – Extension Handle from 03rd Jan
17591 – Trend Day VWAP from 03rd Jan
17560 – HVN from 03rd Jan
17515 – First extension handle 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: 37629 [ 37910 / 37179 ]
BNF also opened lower by 385 points well below the Trend Day VWAP of 37570 and continued to fall in the A period where it tested the initiative singles of previous day while making a low of 37179 where the downmove got arrested after which the auction began to form a balance around the day’s VWAP first leaving a PBL of 37225 in the D period & followed it up with a PBH at 37473 in the E TPO while building volumes at 37370 before giving a move away from here from the H period onwards which triggered a huge short covering bounce resulting in multiple REs to the upside as BNF tagged the yPOC of 37760 & went on to make a high of 37910 in the K period but could not take out the selling singles from 37943 which was also the 2 IB objective of the day and this led to a quick pull back to 37566 into the close with the dPOC also shifting there leaving an inside bar on the daily with overlapping to lower Value & small tails at both ends.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Drive – Down (OD)
- The Day type was a Normal Variation Day – Up ( NV)
- Largest volume was traded at 37588 F
- Vwap of the session was at 37497 with volumes of 45.3 L and range of 731 points as it made a High-Low of 37910-37179
- 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 37295-37588-37666
HVNs – 35620 / 36918 / 37582
Business Areas for 07th Jan 2022:
Up
37666 – VAH from 06th Jan
37868 – Selling singles from 06th 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
Down
37567 – Monthly IBH
37370 – HVN from 06th Jan
37225 – Buying singles from 06th Jan
37026 – Mid-point of buying tail
36824 – VWAP from 04th Jan
36638 – PBL from 04th Jan
36541 – dPOC 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 )
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive
