Nifty Feb F: 17877 [ 17900 / 17799 ]
NF opened with a gap down of 95 points and made a look down below PDL (Previous Day Low) leaving a freak tick at 17799 as there were no volumes seen below 17819 indicating lack of supply at the 17820 reference (Weekly IBH & HVN).
The auction then remained inside the narrow 90 point range of A period all day except for couple of attempts it made in the D & E TPOs to extend higher but got stopped right at the gap mid-point of 17898 forming a ‘p’ shape profile with a close at the prominent POC of 17874.
On the higher timeframe, today’s profile filled up last week’s low volume zone between the HVNs of 17802 & 17905 plus we have a nice 3-day Gaussian Curve (Balance) with the Value at 17850-17878-17914 and could get a move away from here in the coming session(s) starting a fresh imbalance provided it is backed by some initiative volumes at the open.
Click here to view the MPLite chart of the 3-day composite in NF
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 Day (‘p’ shape profile)
- Largest volume was traded at 17874 F
- Vwap of the session was at 17861 with volumes of 66.6 L and range of 101 points as it made a High-Low of 17900-17799
- The settlement day Roll Over point (Feb 2023) is 17985
- The VWAP & POC of Jan 2023 Series is 17923 & 18132 respectively.
- The VWAP & POC of Dec 2022 Series is 18337 & 18584 respectively.
- The VWAP & POC of Nov 2022 Series is 18295 & 18335 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 17851-17874-17884
HVNs – 17676 / 17796 / 17880** / 18240
(** indicates series POC)
Business Areas for 13th Feb 2023:
Up
17878 – 3-day POC
17906 – VWAP from 09 Feb
17945 – VPOC from 09 Feb
17981 – Weekly 2 IB target
18026 – Anomaly from 01 Feb
18063 – Poor High (01 Feb)
18111 – Extension Handle (24 Jan)
18169 – IB Singles Mid (24 Jan)
Down
17860 – VWAP / LVN (10 Feb)
17819 – Weekly IBL
17786 – VPOC from 07 Feb
17748 – SOC from 07 Feb
17704 – Poor Low (07 Feb)
17657 – Weekly 3 IB target
17620 – LVN from 02 Feb
17576 – Buying Tail (02 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: 41648 [ 41738/ 41510 ]
BNF also opened by 206 points but made an OL (Open=Low) start at 41510 taking support just above previous day’s POC of 41479 triggering a probe higher for the rest of the IB (Initial Balance) as it made a high of 41734 and made an attempt to extend in the D period but failed to get fresh demand as it made marignal new highs of 41738 marking the end of the upside.
The auction then remained in a narrow range forming a Normal Day and an Inside bar in terms of the range with a close near the prominent POC of 41653 not only filling up the previous profile but forming a 5-day balance with Value at 41494-41638-41692 and could continue smoothening this in the coming session(s) by filling up the zone between 41652 to 41415 before giving a move away from this zone on initiative volumes. (Click here to view the 5-day composite on MPLite)
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 Day (Inside Bar)
- Largest volume was traded at 41653 F
- Vwap of the session was at 41644 with volumes of 23.4 L and range of 229 points as it made a High-Low of 41738-41510
- The settlement day Roll Over point (Feb 2023) is 41864
- The VWAP & POC of Jan 2023 Series is 41965 & 42320 respectively.
- The VWAP & POC of Dec 2022 Series is 43030 & 43128 respectively.
- The VWAP & POC of Nov 2022 Series is 42150 & 42959 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 41612-41653-41689
HVNs – 40600 / 40726 / 41482** / 41622 / 42115
(** indicates series POC)
Business Areas for 13th Feb 2023:
Up
41653 – dPOC from 10 Feb
41734 – Selling tail (10 Feb)
41838 – Weekly 1.5 IB target
41921 – 08 Feb Swing High
42030 – LVN from 01 Feb
42136 – Weekly 3 IB target
42255 – Extension Handle (25 Jan)
42390 – B TPO LVN (25 Jan)
Down
41644 – VWAP from 10 Feb
41570 – Buying Tail (10 Feb)
41479 – VPOC from 09 Feb
41383 – Buying Tail (09 Feb)
41265 – Buying tail (07 Feb)
41148 – HVN from 03 Feb
41022 – SOC from 03 Feb
40883 – Buying Tail (03 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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