Nifty Jan F: 17854 [ 17949 / 17736 ]
NF opened higher as it got into previous day’s selling singles giving a Drive Up on lower volumes and made a high of 17937 in the IB but made the dreaded C side extension to 17949 and this rejection from just below the 5th Jan VPOC of 17697 resulted in negation of the Drive Up & a FA (Failed Auction) at highs which almost completed it’s 1 ATR objective of 17735 in the H period where it left a responsive buying tail marking the end of the OTF (One Time Frame) probe lower and gave a bounce back to 17870 before closing at 17854 leaving a Neutral Centre Day with a FA at top and a tail at lows with overlapping to higher Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Drive – Up (on low volumes)
- The Day type was a Neutral Centre Day (NeuC)
- Largest volume was traded at 17864 F
- Vwap of the session was at 17851 with volumes of 88.9 L and range of 213 points as it made a High-Low of 17949-17736
- NF confirmed a FA at 17949 on 07/01 and tagged the 1 ATR objective of 17735 on the same day. The 2 ATR target comes to 17521.
- 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 17777-17864-17891
HVNs – 17400 / 17745**
(** indicates series POC)
Business Areas for 10th Jan 2022:
Up
17864 – dPOC from 07th Jan
17904 – Upside SOC from 07th Jan
17949 – FA (Failed Auction) from 07th Jan
17985 – PWH (Previous Week High)
18050 – NeuX zone high from 17th Nov
18088 – NeuX VWAP from 17th Nov
18145 – PBH from 17th Nov
Down
17834 – Downside SOC from 07th Jan
17760 – Buying Singles from 07th 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
(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: 37857 [ 38250 / 37504 ]
BNF not only opened higher but confirmed a Drive Up as it scaled above 9th Dec Swing High of 37995 hitting new highs of the week in the IB at 38250 but the inability to extend any futher got some volumes being built at 38080 followed by a break of VWAP in the D period triggering a huge long liquidation drop and coulple of big REs lower as the auction made a low of 37504 taking support just above Thursday’s VWAP of 37497 and selttled down to form a balance for the rest of the day forming highest volumes at 37798 and giving a bounce to 37952 into the close leaving a Normal Day with mostly higher Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Drive – Up (OD)
- The Day type was a Normal Variation Day – Down ( NV)
- Largest volume was traded at 37798 F
- Vwap of the session was at 37898 with volumes of 52.1 L and range of 746 points as it made a High-Low of 38250-37504
- 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 37604-37798-38058
HVNs – 35620 / 36918 / 37582 / 37762**
(** indicates series POC)
Business Areas for 10th Jan 2022:
Up
37898 – VWAP from 07th Jan
37992 – SOC 2 from 07th Jan
38080 – SOC 1 from 07th Jan
38309 – VWAP from 18th Nov
38540 – PBH from 18th Nov
38688 – PBH from 17th Nov
38850 – Unsecured Highs from 17th Nov
Down
37798 – dPOC from 07th Jan
37645 – PBL from 07th Jan
37497 – VWAP from 06th Jan
37370 – HVN from 06th Jan
37225 – Buying singles from 06th Jan
37026 – Mid-point of buying tail
36824 – VWAP from 04th 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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