Nifty Jan F: 17986 [ 18178 / 17925 ]
NF gave an Open Drive Down start right from yPOC of 18178 and left a long initiative selling tail till 18105 in the IB where it made a low of 18025 almost negating yesterday’s buying singles after which it consolidated a bit in the C period before making couple of REs lower in the D & E where it made a low of 17988 almost tagging the Gap mid-point.
The auction then gave a small bounce in the G TPO but left a PBH at 18048 just below the day’s VWAP indicating that the sellers were still not done and this triggered a fresh extension lower and the completion of 1.5 IB target of 17949 but just fell short of the 06th Jan VPOC of 17922 as it made multiple lows in the 17931 to 17925 displaying exhaustion on the downside which led to a bounce back to 18000 into the close forming a ‘b’ shape profile for the day with completely lower Value & a close at the POC of 17988.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Drive – Down (OD)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 17988 F
- Vwap of the session was at 18015 with volumes of 90.9 L and range of 253 points as it made a High-Low of 18178-17925
- 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 17945-17988-18047
HVNs – 18112** / 18181
(** indicates series POC)
Business Areas for 11th Jan 2023:
Up
17988 – dPOC from 10 Jan
18015 – VWAP from 10 Jan
18048 – PBH from 10 Jan
18105 – Selling Tail (10 Jan0
18141 – IB singles mid
18178 – dPOC from 09 Jan
Down
17968 – HVN from 10 Jan
17922 – VPOC from 06 Jan
17876 – Buying tail (06 Jan)
17846 – 1 ATR (Weekly POC)
17808 – Monthly ATR
17774 – 1 ATR from yPOC
(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: 42216 [ 42774/ 42005 ]
BNF also gave an Open Test Drive Down leaving a large initiative selling tail from 42488 to 42774 and continued to probe lower till the E period tagging the 06th Jan lower HVN of 42219 while making a low of 42195 and this triggered a small bounce back to the day’s VWAP in the G TPO which stopped right below Previous Day Low of 42353 as it left a PBH at 42349 showing that the sellers were still in control.
The auction then made a fresh RE lower in the G itself and went on to make new lows for the series at 42015 in the H period and saw good profit booking coming in which gave a bounce back to 42259 in the J TPO and once again left a new PBH at day’s VWAP indicating that supply was coming back here and this led to another probe lower resulting in marginal new lows for the day at 42005 and saw shorts covering once again triggering a quick bounce back to 42265 into the close leaving a ‘b’ shape profile for the day with completely lower Value and a close around the dPOC.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Test Drive – Down (OTD)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 42235 F
- Vwap of the session was at 42269 with volumes of 42.1 L and range of 770 points as it made a High-Low of 42774-42005
- 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 42068-42235-42374
HVNs – 43270 / 43391**
(** indicates series POC)
Business Areas for 11th Jan 2023:
Up
42235 – dPOC from 10 Jan
42349 – PBH from 10 Jan
42488 – Selling Tail (10 Jan)
42631 – IB Singles Mid (10 Jan)
42725 – dPOC from 09 Jan
42840 – Weekly IBH
42939 – HVN from 05 Jan
Down
42180 – LVN from 10 Jan
42076 – Weekly IBL
41940 – Closing tail (23 Dec)
41846 – 1 ATR from yPOC
41694 – 1.5 Weekly IB
41586 – Monthly 3 IB
41497 – IB singles mid (03 Nov)
(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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