Nifty Apr F: 17878 [ 17945 / 17656 ]
NF opened around the yPOC of 17740 and remained below the HVN of 17781 and probed lower breaking below PDL in the IB (Initial Balance) where it made a low of 17667 after which it made a C side extension lower to 17656 taking support right at 01st Apr’s Extension Handle indicating demand coming back in this zone.
The auction then made a RE (Range Extension) to the upside in the F period with the help of an extension handle at 17774 which also confirmed a FA (Failed Auction) at lows triggering a trending move higher to 17945 in the J period as NF left anoter extension handle at 17843. However, the 06th Apr IBH of 17947 not being taken out meant that the sellers were defending that day’s FA of 17965 for now & this led to a pull back to 17855 in the L period before the auction closed right at the dPOC of 17880 leaving the third NeuX (Neutral Extreme) profile in last 4 sessions.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 17880 F
- Vwap of the session was at 17808 with volumes of 116.2 L and range of 289 points as it made a High-Low of 17945-17656
- NF confirmed a FA at 17656 on 08/04 and tagged the 1 ATR objective of 17866 on the same day. The 2 ATR target comes to 18076.
- NF confirmed a FA at 18171 on 05/04 and tagged the 2 ATR objective of 17703 on 07/04. This FA is currently on ‘T+4’ Days.
- NF confirmed a FA at 17965 on 06/04 and tagged the 1 ATR objective of 17739 on 07/04. The 2 ATR target comes to 17513.
- The settlement day Roll Over point (April 2022) is 17546
- The VWAP & POC of Mar 2022 Series is 16753 & 17255 respectively.
- The VWAP & POC of Feb 2022 Series is 17183 & 17409 respectively.
- The VWAP & POC of Jan 2022 Series is 17669 & 17703 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 17773-17880-17944
HVN – 17573 / 17861** / 18065
(** indicates series POC)
Business Areas for 11th Apr 2022:
Up
17880 – dPOC from 08th Apr
17920 – HVN from 08th Apr
17965 – FA from 06th Apr
18017 – Gap Singles High
18068 – VPOC from 05th Apr
18126 – SOC (Scene Of Crime)
18171 – FA (Failed Auction)
18201 – Extension Handle (18th Jan)
Down
17843 – Extension Handle (08th Apr)
17808 – NeuX VWAP (08th Apr)
17774 – Extension Handle (08th Apr)
17747 – SOC from 08th Apr
17706 – HVN from 08th Apr
17655 – Extension Handle (01st Apr)
17603 – Trend Day VWAP (01st Apr)
17560 – PBL from 01st Feb
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Apr F: 37985 [ 38089 / 37566 ]
BNF made an OAIR (Open Auction In Range) start continuing to balance in the previous 2-day composite Value with a slightly downward bias as it tested previous day’s buying singles of 37605 while making a low of 37576 just as the B period began but the typical pre-policy announcement swipes ensured new highs for the day at 37975 at the close of IB which was followed by another swipe to the downside resulting in the dreaded C side extension to 37566.
The C side kept it’s reputation intact as the auction got rejected back into the IB and began to form another narrow range balance around the day’s VWAP before giving a move away to the upside from the F period onwards resulting in couple of REs (Range Extension) in the I & J TPOs which confirmed a FA at lows and a test of 7th Apr’s SOC (Scene Of Crime) of 38041 while BNF made a high of 38089.
The auction then left a small responsive selling tail as the K period began indicating lack of demand and this led to a retracement to 37914 in the L TPO and saw profit booking by longs coming in as the dPOC shifted higher to 38020 into the close. We now have a 3-day composite with Value at 37643-37778-37931 with a FA at 37566 as the lower reference and today’s POC of 38020 as the upper one for BNF to start a fresh imbalance in the coming session(s).
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 38020 F
- Vwap of the session was at 37834 with volumes of 52.6 L and range of 523 points as it made a High-Low of 38089-37566
- BNF confirmed a FA at 37566 on 08/04 and the 1 ATR objective comes to 38223.
- BNF confirmed a FA at 38780 on 05/04 and tagged the 2 ATR objective of 37423 on 07/04. This FA is currently on ‘T+4’ Days.
- The settlement day Roll Over point (Aril 2022) is 36550
- The VWAP & POC of Mar 2022 Series is 34992 & 35648 respectively.
- The VWAP & POC of Feb 2022 Series is 37712 & 37712 respectively.
- The VWAP & POC of Jan 2022 Series is 37772 & 38232 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 37723-38020-38030
HVN – 36799 / 37170 / 37765*** / 38437 / 38640
(** indicates series POC)
Business Areas for 11th Apr 2022:
Up
38020 – dPOC from 08th Apr
38175 – NeuX zone high
38338 – SOC (Scene Of Crime)
38425 – VPOC from 05th Apr
38607 – SOC (Scene Of Crime)
38780 – FA from 05th Apr
38900 – VPOC from 11th Feb
39120 – FA from 11th Feb
Down
37940 – HVN from 08th Apr
37821 – 3-day composite VWAP
37744 – Weekly POC
37590 – Buying Singles (08th Apr)
37499 – PDL (Previous Week Low)
37250 – Daily Extension Handle
37049 – Extension Handle (01st Apr)
36926 – Trend Day VWAP (01st Apr)
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive
