Nifty Feb F: 17909 [ 17939 / 17786 ]
NF gave a move away from the 2-day balance and the yPOC of 17786 with an initiative buying tail as it went on to tag the 03rd Feb’s VPOC of 17910 in the B period while making a high of 17927 but the auction failed to get fresh demand above the IBH inspite of making several attempts to extend higher and settled down to form a short covering ‘p’ shape profile with completely higher Value and a prominent POC at 17910.
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 Day (‘p’ shape profile)
- Largest volume was traded at 17910 F
- Vwap of the session was at 17891 with volumes of 81.2 L and range of 153 points as it made a High-Low of 17939-17786
- 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 17878-17910-17926
HVNs – 17676 / 17796** / 18240
(** indicates series POC)
Business Areas for 09th Feb 2023:
Up
17910 – dPOC from 08 Feb
17945 – 2nd SOC from 01 Feb
18008 – SOC from 01 Feb
18063 – Poor High (01 Feb)
18111 – Extension Handle (24 Jan)
18169 – IB Singles Mid (24 Jan)
Down
17891 – VWAP from 08 Feb
17841 – Buying Tail (08 Feb)
17799 – 2-day comp VPOC
17748 – SOC from 07 Feb
17704 – Poor Low (07 Feb)
17670 – LVN from 03 Feb
(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: 41674 [ 41921/ 41520 ]
BNF opened and sustained above the closing HVN of 41625 as it probed above PDH in the A period and went on to negate the 06th Feb’s selling tail in the B where it made new highs for the week at 41921 but was swiftly rejected confirming a selling tail till 41805 triggering a liquidation break in the C & D TPOs where it made a low of 41520 stopping just above the 2-day composite POC of 41512 leaving a small responsive buying tail marking the end of the downside.
The auction then remained in a narrow range for the rest of the day building volumes at 41673 forming a ‘b’ shape long liquidation profile for the day with overlapping to higher Value and it needs to be seen if it continues to remain in this balance or gives a move away from here in the coming session(s).
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 Normal Day (‘b’ shape profile)
- Largest volume was traded at 41673 F
- Vwap of the session was at 41691 with volumes of 31.6 L and range of 401 points as it made a High-Low of 41921-41520
- 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 41607-41673-41747
HVNs – 40600 / 40726 / 41482** / 42115
(** indicates series POC)
Business Areas for 09th Feb 2023:
Up
41691 – VWAP from 08 Feb
41805 – Selling Tail (08 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
41673 – dPOC from 08 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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