Nifty Jan F: 14371 [ 14379 / 14249 ]
NF rejected the spike close of previous day as it opened with a big gap up of 90 points after which it took support right at the VAH of the 2-day Gaussian profile forming a narrow range IB of just 42 points. The auction then gave a rare C side extension handle at 14291 as it signalled a fresh imbalance to the upside and followed it up with another one late in the day at 14338 spiking higher into the close as it tagged 14379 completing the 3 IB objective for the day. Spike Rules will be in play for the next open and the zone to watch would be 14338 to 14379.
- The NF Open was a Open Auction (OA)
- The Day type was a Normal Variation Day – Up (‘p’ shape profile with a spike)
- Largest volume was traded at 14320 F
- Vwap of the session was at 14318 with volumes of 105.5 L and range of 130 points as it made a High-Low of 14379-14249
- NF confirmed a FA at 14077 on 05/01 and tagged the 1 ATR objective of 14245 on 06/01. The 2 ATR target comes to 14413
- The settlement day Roll Over point (Jan) is 14007
- The VWAP & POC of Dec Series is 13528 & 13528 respectively.
- The VWAP & POC of Nov Series is 12554 & 12862 respectively.
- The VWAP & POC of Oct Series is 11793 & 11897 respectively.
- Value zones (volume profile) are at 14309-14320-14349
HVNs – 13970 / 14040 / 14120 / 14220*
BankNifty Jan F: 32173 [ 32338 / 32080 ]
BNF made a hat-trick of gap ups as it tagged 32338 at open but saw profit booking coming in as it got back into previous day’s range & value completing the 80% Rule while making a low of 32080 in the ‘I’ period before closing the day at 32170. Value for the day was mostly overlapping which means that the auction is now forming a nice 2-day balance with Value at 32121-32169-32252 and has a good chance of moving away from the POC of this profile in the coming session(s).
- The BNF Open was a Open Auction (OA)
- The Day type was a Normal Day (Gaussian profile)
- Largest volume was traded at 32220 F
- Vwap of the session was at 32212 with volumes of 34.2 L and range of 258 points as it made a High-Low of 32338-32080
- The settlement day Roll Over point (Jan) is 31389
- The VWAP & POC of Dec Series is 30270 & 30766 respectively.
- The VWAP & POC of Nov Series is 28104 & 29565 respectively.
- The VWAP & POC of Oct Series is 23740 & 24468 respectively.
- Value zones (volume profile) are at 32153-32220-32266
HVNs – 31410 / 31900 / 32166*
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