Nifty Feb F: 17480 [ 17490 / 17330 ]
NF opened with a gap up getting accepted above the 07th Feb PBH of 17340 and negating the extension handle of 17382 as it made a high of 17448 in the IB (Initial Balance) stalling just below the Selling singles of 17460 to 17532 from that Triple Distribution Trend Day Down profile.
The auction then remained in a narrow range for most part of the day forming a ‘p’ shape profile with a prominent POC at 17423 before giving a late move away to the upside from the J period onwards as it got into the selling singles & went on to tag 17490 into the close. Value for the day was completely higher with a small spike from 17458 to 17490 which will be the zone to watch at the next open.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Up (‘p’ shape profile with a Spike)
- Largest volume was traded at 17421 F
- Vwap of the session was at 17425 with volumes of 78.3 L and range of 160 points as it made a High-Low of 17490-17330
- 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 17377-17421-17447
HVN – 17348**
(** indicates series POC)
Business Areas for 10th Feb 2022:
Up
17532 – Weekly IBH
17564 – VPOC from 04th Feb
17609 – Selling singles (04th Feb)
17651 – VWAP from 03rd Feb
17704 – PBH from 03rd Feb
17766 – Mid-point of selling tail
17820 – LVN from 20th Jan
Down
17458 – Spike Low (09th Feb)
17423 – dPOC from 09th Feb
17373 – Buying Singles (09th Feb)
17323 – Mid-point of buying tail
17261 – M TPO VWAP (08th Feb)
17200 – VWAP from 08th Feb
17142 – PBL from 07th 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: 38704 [ 38733 / 38250 ]
BNF also opened with a gap up getting accepted above the 07th Feb Trend Day VWAP of 38371 and continued to probe higher in the IB to tag 38603 where it stalled just below the extension handle of 38618 triggering a typical contra (Dhoka) move lower in the C period as the auction left a PBL at 38380 and this defence of that Trend Day VWAP indicated that the PLR (Path of Least Resistance) was to the upside.
BNF formed a balance till the G period building volumes at 38544 before giving a move away to the upisde in the H TPO and followed it up with higher highs from the J to the M periods hitting 38733 into the close leaving a ‘p’ shape profile for the day with completely higher Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Up (‘p’ shape profile with a Spike)
- Largest volume was traded at 38544 F
- Vwap of the session was at 38541 with volumes of 35.6 L and range of 484 points as it made a High-Low of 38733-38250
- BNF confirmed a FA at 39540 on 03/02 and tagged the 2 ATR objective of 38067 on 07/02. This FA is on ‘T+5’ Day.
- 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 38430-38544-38645
HVN – 38100** / 39270
(** indicates series POC)
Business Areas for 10th Feb 2022:
Up
38716 – HVN from 09th Feb
38852 – Selling Singles (07th Feb)
38989 – VWAP from 04th Feb
39130 – 2-day composite VAL
39300 – 2-day composite POC
39410 – SOC from 03rd Feb
39540 – FA from 03rd Feb
Down
38638 – Spike low (09th Feb)
38544 – dPOC from 09th Feb
38380 – Buying Singles (09th Feb)
38256 – Mid-point of buying tail
38100 – Series POC
37976 – VPOC from 08th Feb
37877 – VWAP from 08th 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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