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 )
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