Nifty Feb F: 17617 [ 17650 / 17440 ]
NF made it a hat-trick of higher open as it made a look up above the weekly IBH of 17532 and hit 17545 but could not sustain and triggered a probe back into previous day’s spike zone of 17490 to 17458 and even made an attempt to enter the Value in the B period where it made a low of 17440 but was swiftly rejected as was seen in the buying tail it left.
The auction then gave a rare C side extension handle at 17545 to start a fresh imbalance to the upside and not only tagged the 04th Feb VPOC of 17564 but went on to negate the selling singles of 04th Feb from 17609 to 17632 but formed similar highs in the 17650 zone which was the 2 IB objective plus the VWAP from 03rd Feb, the day where the initiative sellers had entered and ended up forming a balance for the rest of the day with a close around the dPOC of 17602 leaving a Double Distribution profile for the day with completely higher Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction (OA)
- The Day type was a Double Distribution Trend Day – Up (DD)
- Largest volume was traded at 17602 F
- Vwap of the session was at 17578 with volumes of 92 L and range of 210 points as it made a High-Low of 17650-17440
- 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 17585-17602-17649
HVN – 17348 / 17600**
(** indicates series POC)
Business Areas for 11th Feb 2022:
Up
17622 – HVN from 10th Feb
17651 – VWAP from 03rd Feb
17704 – PBH from 03rd Feb
17766 – Mid-point of selling tail
17820 – LVN from 20th Jan
17873 – VPOC from 20th Jan
17920 – PBH from 20th Jan
Down
17602 – dPOC from 10th Feb
17545 – Extension Handle (10th Feb)
17490 – 09th Feb High
17465 – Buying Singles (10th Feb)
17421 – VPOC from 09th Feb
17373 – Buying Singles (09th Feb)
17323 – Mid-point of buying tail
(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: 39054 [ 39255 / 38592 ]
BNF also opened higher but made an almost OH (Open=High) start at 38900 and got back into previous day’s range and value and made a low of 38592 in the IB stopping just above the yPOC of 38544 and left a small buying tail.
Similar to NF, BNF also made a big C side RE to the upside as it left an extension handle at 38900 and went on to complete the 2 IB objective of 39208 while making a high of 39255 in the H period after which it made a slow OTF (One Time Frame) probe lower into the close testing the DD singles of the day while tagging 38993 before closing the day at 39054 well below the dPOC of 39116 forming a Double Distribution type profile with completely higher Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction (OA)
- The Day type was a Double Distribution Trend Day – Up (DD)
- Largest volume was traded at 39116 F
- Vwap of the session was at 39012 with volumes of 43.4 L and range of 663 points as it made a High-Low of 39255-38592
- 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+6’ 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 39057-39116-39254
HVN – 38100** / 39270
(** indicates series POC)
Business Areas for 11th Feb 2022:
Up
39116 – dPOC from 10th Feb
39264 – Monthly IBH
39410 – SOC from 03rd Feb
39540 – FA from 03rd Feb
39736 – Weekly 1 ATR
39890 – 2 IB weekly target
39951 – 1 ATR from 39116
40037 – 1.5 IB on Monthly
Down
39012 – VWAP from 10th Feb
38900 – Extension Handle (10th Feb)
38733 – 09th Feb High
38640 – Spike low (09th Feb)
38544 – VPOC from 09th Feb
38380 – Buying Singles (09th Feb)
38256 – Mid-point of buying tail
38100 – Series POC
(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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