NF opened lower and continued to drop as it went on to tag the 03rd Mar VPOC of 17666 while making a low of 17654 but found good demand coming back triggering a move back into previous day’s range in the A period itself followed by new highs of 17760 in the B confirming an initiative buying tail from 17701 to 17654.
The auction then made a tyical C side extension to 17766 which was swiftly rejected resulting in a probe lower till the F TPO as it tested the morning singles & left a PBL at 17695 indicating return of buyers after which it made a slow OTF (One Time Frame) move higher into the close leaving a mini-spike from 17778 to 17805 but saw the dPOC shift higher to 17800 signalling profit booking.
Click here to view the latest profile in NF on Vtrender Charts
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day Type was a Normal Day (‘p’ shape profile plus spike)
- Largest volume was traded at 17800 F
- Vwap of the session was at 17735 with volumes of 72.6 L and range of 152 points as it made a High-Low of 17805-17654
- The settlement day Roll Over point (Mar 2023) is 17635
- The VWAP & POC of Feb 2023 Series is 17717 & 17839 respectively.
- The VWAP & POC of Jan 2023 Series is 17923 & 18132 respectively.
- The VWAP & POC of Dec 2022 Series is 18337 & 18584 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 17731-17800-17805
(** indicates series POC)
Business Areas for 09th Mar 2023:
Up
17800 – dPOC from 08 Mar
17854 – Selling tail (06 Mar)
17910 – Weekly DD zone
17947 – VPOC (21 Feb)
18002 – PBH from 21 Feb
18056 – SOC from 20 Feb
Down
17778 – Spike Low (08 Mar)
17735 – VWAP from 08 Mar
17670 – A TPO HVN (08 Mar)
17625 – VWAP from 03 Mar
17594 – Extension Handle (03 Mar)
17562 – IB ext handle (03 Mar)
(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: 41706 [ 41749/ 41242 ]
BNF not only opened with a gap down of 169 points but fell by another 100+ points in the first few minutes as it made a low of 41242 testing the 03rd Mar’s Trend Day VWAP of 41257 and as expected found renewed demand which pushed it back higher to 41513 by the close of A period stopping just below yPOC of 41535.
The auction then made a narrow inside bar in the B period confirming a buying tail from 41331 to 41242 and remained in this range (B TPO) contracting even further till the F TPO before the G period made marginal new highs of 41522 and followed it up with a big RE in the J which inturn was the start of a fresh imbalance to the upside into the close which saw a spike from 41646 to 41749 which will be the opening reference for the coming session.
Click here to view the latest profile in BNF on Vtrender Charts- The BNF Open was an Open Auction Out of Range (OAOR)
- The Day Type was a Normal Variation Day – Up (‘p’ shape profile plus spike)
- Largest volume was traded at 41600 F
- Vwap of the session was at 41502 with volumes of 41.5 L and range of 506 points as it made a High-Low of 41749-41242
- The settlement day Roll Over point (Mar 2023) is 40365
- The VWAP & POC of Feb 2023 Series is 40880 & 41462 respectively.
- The VWAP & POC of Jan 2023 Series is 41965 & 42320 respectively.
- The VWAP & POC of Dec 2022 Series is 43030 & 43128 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 41375-41600-41679
Business Areas for 09th Mar 2023:
Up
41728 – Selling Tail (09 Mar)
41853 – Weekly VPOC
41951 – Tail from 16 Feb
42050 – VPOC from 16 Feb
42180 – PBH from 16 Feb
42276 – Selling tail (01 Feb)
Down
41702 – Closing singles (08 Mar)
41600 – dPOC from 08 Mar
41502 – VWAP from 08 Mar
41350 – PBL from 08 Mar
41257 – VWAP from 03 Mar
41161 – Mid-profile singles
(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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