Nifty Feb F: 17273 [ 17304 / 17048 ]
NF opened above the first of the extension handle(s) of 17260 & probed higher to 17304 in the A period stalling right below previous day’s VWAP indicating strong supply coming back and this triggered a big fall of 256 points over the next 3 TPOs as the auction left an extension handle at 17177 and went on to make new lows for the week at 17048 completing the 2 IB target of the day and stopping just above the NeuX VWAP of 17043 from 27th Jan.
The E period confirmed a responsive buying tail at lows which marked the end of the downmove & NF went on to form a balance building Value in the low volume zone of the previous profile as it retraced the entire fall leaving couple of PBLs at 17131 & 17142 before tagging 17298 into the close. Value was completely inside for the day with the dPOC of 17184 being the important reference on the downside for the coming session.
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 Normal Variation Day – Down (NV)
- Largest volume was traded at 17188 F
- Vwap of the session was at 17200 with volumes of 122.9 L and range of 256 points as it made a High-Low of 17304-17048
- 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 17166-17188-17287
HVN – 17348**
(** indicates series POC)
Business Areas for 09th Feb 2022:
Up
17298 – Selling singles (08th Feb)
17340 – PBH from 07th Feb
17382 – Extension Handle (07th Feb)
17460 – Selling Singles (07th Feb)
17500 – Mid-point of selling tail
17564 – VPOC from 04th Feb
Down
17261 – M TPO VWAP (08th Feb)
17200 – VWAP from 08th Feb
17142 – PBL from 07th Feb
17074 – Buying Singles (08th Feb)
17043 – NeuX VWAP (27th Jan)
16974 – SOC 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: 38133 [ 38275 / 37386 ]
BNF also opened slightly higher and tested the extension handle of 38268 but was swiftly rejected after it made a high of 38275 triggering a huge fall of 888 points over the next 3 TPOs as it left an extension handle at 37815 & went on to tag the weekly VPOC of 37408 while making a low of 37386 in the D period almost completing the 2 IB target of 37355 also for the day.
Similar to NF, the auction left a responsive buying tail from 37479 to 37386 after which it reversed the probe to the upside for the rest of the day as it left an important PBL at 37712 in the K period before getting into the morning selling singles & leaving a PBH at 38227 before closing the day at 38133 forming overlapping to lower Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range(OA)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 37976 F
- Vwap of the session was at 37877 with volumes of 55.7 L and range of 889 points as it made a High-Low of 38275-37386
- 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 got re-visited on 08/02 which was the ‘T+6’th Day.
- 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 37679-37976-38139
HVN – 38100** / 39270
(** indicates series POC)
Business Areas for 09th Feb 2022:
Up
38139 – VAH from 08th Feb
38227 – Selling Singles (08th 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
38100 – Series POC
37976 – dPOC from 08th Feb
37877 – VWAP from 08th Feb
37712 – PBL from 08th Feb
37575 – LVN from 08th Feb
37479 – Buying singles (08th Feb)
37305 – HVN from 27th Jan
37159 – Buying Singles (27th 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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