Nifty Feb F: 17218 [ 17532 / 17125 ]
NF opened below PDL repairing the poor lows of Friday and got back into previous range & value but was swiftly rejected from just below yVWAP of 17546 as it left an initiative selling tail from 17460 to 17532 in the IB and then left couple of extension handles at 17382 & 17260 in the D & I periods respectively to give a trending move lower to tag the weekly VPOC of 17160 and went on to make a low of 17125 in the J TPO almost tagging the 5-day composite VAL of 17116 where it left a small responsive buying tail before closing around the dPOC of 17225 forming a Triple Distribution Trend Down Day with completely lower & expanding Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction (OA)
- The Day type was a Triple Distribution Trend Day – Down (TTD)
- Largest volume was traded at 17214 F
- Vwap of the session was at 17306 with volumes of 108.3 L and range of 408 points as it made a High-Low of 17532-17125
- The settlement day Roll Over point (February 2022) is 17165
- The VWAP & POC of Jan 2022 Series is 17669 & 17703 respectively.
- The VWAP & POC of Dec 2021 Series is 17169 & 17240 respectively.
- The VWAP & POC of Nov 2021 Series is 17635 & 17961 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 17125-17214-17245
HVN – 17347**
(** indicates series POC)
Business Areas for 08th Feb 2022:
Up
17260 – Extension Handle (07th Feb)
17306 – VWAP from 07th Feb
17340 – PBH from 07th Feb
17382 – Extension Handle (07th Feb)
17460 – Selling Singles (07th Feb)
17500 – Mid-point of selling tail
Down
17214 – dPOC from 07th Feb
17153 – Buying singles (07th Feb)
17116 – 5-day composite VAL
17043 – NeuX VWAP (27th Jan)
16974 – SOC from 27th Jan
16935 – LVN from 27th Jan
(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: 38102 [ 38934 / 37891 ]
BNF also opened lower below the 01st Feb VPOC of 38636 repairing the poor lows of previous session and made a swift move back into Friday’s Value tagging the dPOC of 38840 and made a high of 38934 stalling well below yWAP of 38989 and left a selling tail in the IB from 38852 to 38934. The auction then made a RE (Range Extension) to the downside in the D period with the help of an extension handle at 38618 & made a OTF (One Time Frame) probe till the L TPO leaving 3 more extension handles at 38525, 38268 & 38202 in the process as it completed the 2 ATR objective of 38067 from the FA of 39540 while making a low of 37891 and saw some profit booking coming in with the dPOC shifting lower to 38114 into the close.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction (OA)
- The Day type was a Trend Day – Down (TD)
- Largest volume was traded at 38114 F
- Vwap of the session was at 38371 with volumes of 43.5 L and range of 1043 points as it made a High-Low of 38934-37891
- BNF confirmed a FA at 39540 on 03/02 and tagged the 2 ATR objective of 38067 on 07/02.
- BNF confirmed a multi-day FA at 37767 on 01/02 and tagged the 2 ATR target of 39126 on 02/02. This FA is currently on ‘T+6’ Days.
- The settlement day Roll Over point (February 2022) is 38240
- The VWAP & POC of Jan 2022 Series is 37772 & 38232 respectively.
- The VWAP & POC of Dec 2021 Series is 36082 & 35100 respectively.
- The VWAP & POC of Nov 2021 Series is 38047 & 39404 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 37907-38114-38563
HVN – 39270**
(** indicates series POC)
Business Areas for 08th Feb 2022:
Up
38114 – dPOC from 07th Feb
38268 – Extension Handle (07th Feb)
38371 – Trend Day VWAP (07th Feb)
38525 – Extension Handle (07th Feb)
38618 – Extension Handle (07th Feb)
38852 – Selling Singles (07th Feb)
38989 – VWAP from 04th Feb
39130 – 2-day composite VAL
Down
38034 – LVN from 07th Feb
37920 – Buying singles (07th Feb)
37714 – VWAP from 27th Jan
37572 – Extension Handle (27th Jan)
37458 – HVN from 27th Jan
37305 – HVN from 27th Jan
37159 – Buying Singles (27th Jan)
37022 – Weekly 2 IB target
(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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