Nifty Mar F: 15872 [ 15958 / 15711 ]
NF opened with yet another big gap down of 359 points as it entered a zone last seen in July 2021 (click here to view the MP chart) and went on to tag the July Monthly VPOC of 15810 while making a low of 15780 in the A period and left a long initiative selling tail from 15868 to 15947 but made a typical C side extension to 15757 which was swiftly rejected back into the IB triggering a short covering move above the day’s VWAP and an attempt to make a RE (Range Extension) to the upside in the F period where it made new highs for the day at 15958 but once again the move out of IB saw a quick rejection and a probe back to VWAP in the H & I TPOs.
The J period then broke below VWAP inciting a fresh fall which resulted in a FA (Failed Auction) getting confirmed at 15958 along with new lows for the day at 15711 as NF completed the Monthly 1 ATR objective of 15716 but once again this move away from the IB could not sustain as the auction left a responsive buying tail from 15751 to 15711 and got back to the dPOC of 15894 leaving a second successive Neutral Centre Day with completely lower Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Neutral Centre Day (NeuC)
- Largest volume was traded at 15894 F
- Vwap of the session was at 15849 with volumes of 192.5 L and range of 247 points as it made a High-Low of 15958-15711
- The settlement day Roll Over point (March 2022) is 16251
- The VWAP & POC of Feb 2022 Series is 17183 & 17409 respectively.
- The VWAP & POC of Jan 2022 Series is 17669 & 17703 respectively.
- The VWAP & POC of Dec 2021 Series is 17169 & 17240 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 15788-15894-15899
HVN – 16647
(** indicates series POC)
Business Areas for 08th Mar 2022:
Up
15894 – dPOC from 07th Mar
15958 – FA from 07th Mar
16000 – BRN (Big Round Number)
16062 – Weekly 1.5 IB target
16105 – Mid-point of selling singles
16165 – Weekly 2 IB objective
16232 – closing PBL (04th Mar)
16273 – VPOC from 04th Mar
Down
15848 – HVN from 07th Mar
15780 – IBL from 07th Mar
15751 – Buying Singles (07th Mar)
15711 – Mar Series Low
15651 – 1 ATR from 15958
15605 – VAL from 28th Jul 2021
15544 – Weekly 2 IB target
15510 – Daily Swing Low (28th Jul)
15451 – Monthly 3 IB objective
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Mar F: 32975 [ 33678 / 32450 ]
BNF also opened with a huge 777 point gap down & also made an OH (Open=High) start at 33678 as it broke below the swing lows of June & July 2021 and entered into the Trend Day profile of 17th May 2021 (click here to view the MP chart) swiping through that day’s extension handles & VWAP while making a low of 32800 in the IB where it left a big 878 point range.
The auction then made the dreaded C side extension to 32703 but was rejected back into the IB and made a probe above thr day’s VWAP in the D TPO testing the morning A period singles but left a PBH at 33198 in the F period and settled down to form a balance in the IB before it made a fresh RE lower in the J TPO followed by new lows of 32450 in the K period but left a small reponsive buying tail from 32534 to 32450 triggering a move back to the dPOC & VWAP into the close forming a ‘b’ shape profile for the day with completely lower Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range + Drive Down (OA0R + D)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 32990 F
- Vwap of the session was at 32950 with volumes of 71.2 L and range of 1228 points as it made a High-Low of 33678-32450
- The settlement day Roll Over point (March 2022) is 35296
- The VWAP & POC of Feb 2022 Series is 37712 & 37712 respectively.
- The VWAP & POC of Jan 2022 Series is 37772 & 38232 respectively.
- The VWAP & POC of Dec 2021 Series is 36082 & 35100 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 32762-32990-33130
HVNs – 35096** / 36449
(** indicates series POC)
Business Areas for 08th Mar 2022:
Up
32990 – dPOC from 07th Mar
33198 – Selling Singles (07th Mar)
33438 – Mid-point of selling tail
33687 – Weekly IBH
33826 – Selling singles mid-point
34067 – Gap Mid-point
34250 – 1.5 Weekly IB
34390 – VPOC from 04th Mar
Down
32950 – VWAP from 07th Mar
32762 – VAL from 07th Mar
32534 – Buying singles (07th Mar)
32313 – VPOC from 14th May 2021
32184 – Daily Swing Low (14th May)
31962 – 1.5 Weekly IB
31784 – Weekly 1 ATR
31625 – Freak Low (03rd May 2021)
(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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