Nifty Feb F: 17782 [ 17864 / 17703 ]
NF made a eerie replay of previous session by giving the same open & then almost the same high after which it left a small selling tail & probed lower first completing the 80% Rule in previous Value in the G period and followed it up with a lower lows in the H & I TPOs hitting the 2 IB target of 17705 while making a low of 17703 marking the end of the downside for the day.
The auction then completed the 80% Rule to the upside and went on to tag 17830 in the L period but was swiftly rejected resulting in the third round of the 80% rule this time lower as it made a low of 17765 forming a nice 2-day Gaussian Curve with Value at 17769-17799-17823 which has filled up the low volume zone of the 03rd Feb NeuX profile and looks good for a move away from here in the coming session(s).
Click here to view the MPLite chart of the 2-day composite in NF
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 Normal Variation Day – Down (Almost Outside Bar)
- Largest volume was traded at 17786 F
- Vwap of the session was at 17785 with volumes of 79.6 L and range of 162 points as it made a High-Low of 17864-17703
- The settlement day Roll Over point (Feb 2023) is 17985
- The VWAP & POC of Jan 2023 Series is 17923 & 18132 respectively.
- The VWAP & POC of Dec 2022 Series is 18337 & 18584 respectively.
- The VWAP & POC of Nov 2022 Series is 18295 & 18335 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 17750-17786-17824
HVNs – 17676 / 17796** / 18240
(** indicates series POC)
Business Areas for 08th Feb 2023:
Up
17786 – dPOC from 07 Feb
17830 – PBH from 07 Feb
17872 – Selling Tail mid (06 Feb)
17910 – VPOC from 03 Feb
17945 – 2nd SOC from 01 Feb
18008 – SOC from 01 Feb
Down
17765 – closing PBL (07 Feb)
17720 – HVN from 07 Feb
17670 – LVN from 03 Feb
17620 – LVN from 02 Feb
17576 – Buying Tail (02 Feb)
17522 – Monthly IBL
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Feb F: 41641 [ 41750/ 41242 ]
BNF made an OAIR start forming a narrow 175 point range IB (Initial Balance) as it filled up previous day’s profile above the dPOC of 41513 but made the dreaded C side extension to 41685 which was rejected triggering a big liquidation break in the G & H periods as it confirmed a FA (Failed Auction) at top and went on to tag the 03rd Feb VPOC of 41309 while making a low of 41242.
The auction however left a small resposive buying tail till 41265 indicating that the NeuX VWAP from 03rd Feb was getting some demand and this led to a sharp bounce not only back into the IB but even resulting in new highs for the day at 41750 in the L TPO negating the FA before closing at 41641 leaving a Neutral Day with completely overlapping Value.
The MPLite chart of the 2-day composite with Value at 41476-41512-41656 can be seen here.
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 Neutral Day (NeuD)
- Largest volume was traded at 41549 F
- Vwap of the session was at 41516 with volumes of 48.8 L and range of 507 points as it made a High-Low of 41750-41242
- The settlement day Roll Over point (Feb 2023) is 41864
- The VWAP & POC of Jan 2023 Series is 41965 & 42320 respectively.
- The VWAP & POC of Dec 2022 Series is 43030 & 43128 respectively.
- The VWAP & POC of Nov 2022 Series is 42150 & 42959 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 41449-41549-41662
HVNs – 40600 / 40726 / 41482** / 42115
(** indicates series POC)
Business Areas for 08th Feb 2023:
Up
41656 – 2-day comp VAH
41800 – Selling Tail (06 Feb)
41965 – Jan 2023 series VWAP
42080 – Selling tail (01 Feb)
42255 – Extension Handle (25 Jan)
42336 – Mid-profile singles (25 Jan)
42475 – Weekly NeuX VWAP (20-25 Jan)
Down
41625 – Closing HVN (07 Feb)
41512 – 2-day comp POC
41415 – SOC from 07 Feb
41265 – Buying tail (07 Feb)
41148 – HVN from 03 Feb
41022 – SOC from 03 Feb
40883 – Buying Tail (03 Feb)
(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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