Nifty Jan F: 18173 [ 18228 / 18019 ]
NF not only opened higher well above the DD profile’s VWAP of 17983 but went on to leave an initiative buying tail in the IB from 18106 to 18019 and made an One Time Frame (OTF) probe higher till the F period as it negated 2 selling tails from 06th & 05th Jan but stalled right at the 04th Jan singles of 18227 to 18303 marking the end of the upside for the day.
The auction then gave a quick and pretty big retracement testing the morning singles as it made a low of 18079 in the J TPO before settling down to close right at the dPOC of 18178 leaving a ‘p’ shape short covering profile with completely higher Value.
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 variation Day – Up (‘p’ shape profile)
- Largest volume was traded at 18178 F
- Vwap of the session was at 18141 with volumes of 106.4 L and range of 209 points as it made a High-Low of 18228-18019
- The settlement day Roll Over point (Jan 2023) is 18299
- The VWAP & POC of Dec 2022 Series is 18337 & 18584 respectively.
- The VWAP & POC of Nov 2022 Series is 18295 & 18335 respectively.
- The VWAP & POC of Oct 2022 Series is 17350 & 17260 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 18095-18178-18193
HVNs – 18112** / 18181
(** indicates series POC)
Business Areas for 10th Jan 2023:
Up
18190 – Closing PBH (09 Jan)
18227 – Selling Tail (04 Jan)
18265 – IB Singles Mid (04 Jan)
18324 – 3-day comp VAH
18360 – Selling Tail
18404 – IB HVN (22 Dec)
Down
18178 – dPOC from 09 Jan
18141 – VWAP from 09 Jan
18109 – PBL from 09 Jan
18049 – IB singles mid (09 Jan)
17986 – Gap Mid-point (09 Jan)
17922 – VPOC from 06 Jan
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Jan F: 42767 [ 42908/ 42353 ]
BNF made it a hat-trick of getting rejected from previous day’s VWAP but this time it was to the upside as it took support at the closing HVN of 42363 while making a low of 42353 & left an initiative buying tail till 42465 and continued the probe higher making multiple REs till the F period where it made a high of 42908 completing the 1.5 IB target of 42894 but stalling just below the 04th Jan HVN of 42939.
The auction then made a retracement lower and even broke below day’s VWAP in the I TPO and made a lower low in the J but stopped just above the yPOC of 42506 as it left a PBL at 42508 before giving a bounce back to 42800 & closing around the dPOC of 42725 leaving a Normal Variation Day with completely higher Value.
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 Variation Day – Up (NV)
- Largest volume was traded at 42725 F
- Vwap of the session was at 42672 with volumes of 35.1 L and range of 556 points as it made a High-Low of 42908-42353
- The settlement day Roll Over point (Jan 2023) is 43420
- The VWAP & POC of Dec 2022 Series is 43030 & 43128 respectively.
- The VWAP & POC of Nov 2022 Series is 42150 & 42959 respectively.
- The VWAP & POC of Oct 2022 Series is 39750 & 38950 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 42536-42425-42800
HVNs – 43270 / 43354**
(** indicates series POC)
Business Areas for 10th Jan 2023:
Up
42800 – Closing PBH (09 Jan)
42939 – HVN from 05 Jan
43075 – Selling Tail
43187 – IB singles mid
43242 – Weekly VWAP
43373 – Weekly POC
Down
42725 – dPOC from 09 Jan
42576 – PBL from 09 Jan
42465 – Buying Tail (09 Jan)
42363 – Closing HVN (06 Jan)
42219 – Lower HVN (06 Jan)
42076 – Weekly IBL
(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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