Nifty Jan F: 18048 [ 18058 / 17905 ]
NF made an Open Auction start but remained above previous Value & went on to re-visit the FA of 17949 and scale above previous week’s high of 17985 as it hit 18015 in the IB (Initial Balance) and left an initiative tail from 17949 to 17905 but made the dreaded C side extension once again recording marginal new highs of 18018 triggering a downside probe over the next 3 periods testing the morning singles and leaving a PBL (Pull Back Low) at 17941 indicating that the buyers were defending this zone. The auction then reversed to the upside making a fresh RE (Range Extension) in the J period and followed it up with a spike into the close. Value was once again completely higher for the day but Spike Rules will be in play for the next open and the zone to watch would be 18025 to 18058.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction (OA)
- The Day type was a Normal Day (‘p’ shape profile with a spike)
- Largest volume was traded at 18005 F
- Vwap of the session was at 17994 with volumes of 66.9 L and range of 153 points as it made a High-Low of 18058-17905
- NF confirmed a FA at 17949 on 07/01 and tagged the 1 ATR objective of 17735 on the same day. This FA got re-visited on 10/01 & has closed above it and could probe towards the 1 ATR upside target of 18163.
- The settlement day Roll Over point (January 2022) is 17260
- The VWAP & POC of Dec Series is 17169 & 17240 respectively.
- The VWAP & POC of Nov Series is 17635 & 17961 respectively.
- The VWAP & POC of Oct Series is 18036 & 18155 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 17947-18005-18018
HVNs – 17400 / 17745**
(** indicates series POC)
Business Areas for 11th Jan 2022:
Up
18058 – Spike High from 10th Jan
18088 – NeuX VWAP from 17th Nov
18145 – PBH from 17th Nov
18195 – 1.5 Monthly IB
18230 – SOC (Scene Of Crime) from 16th Nov
18262 – Weekly 3 IB target
18308 – Monthly 1 ATR objective
Down
18024 – Spike Low from 10th Jan
17994 – VWAP from 10th Jan
17941 – Buying singles from 10th Jan
17898 – Singles mid-point
17864 – VPOC from 07th Jan
17834 – Downside SOC from 07th Jan
17786 – Weekly 2 IB target
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Dec F: 38468 [ 38520 / 38000 ]
BNF opened higher away from previous Value but like NF, settled down into an Open Auction as it formed a narrow range IB of 391 points which included an initiative buying tail from 38195 to 38000 but the dreaded C side extension did it’s job here also stalling the upside & turning the imbalance to a balance as the auction first probed lower even getting into the morning singles but left a PBL of 38063 stopping just above yVAH reversing the probe back again to the upside even forming a small spike of 38391 to 38520 into the close which will be the zone to watch in the next open.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction (OA)
- The Day type was a Normal Day – Down ( ‘p’ shape profile with a spike)
- Largest volume was traded at 38262 F
- Vwap of the session was at 38291 with volumes of 39.8 L and range of 520 points as it made a High-Low of 38520-38000
- The settlement day Roll Over point (January 2022) is 35240
- The VWAP & POC of Dec Series is 36082 & 35100 respectively.
- The VWAP & POC of Nov Series is 38047 & 39404 respectively.
- The VWAP & POC of Oct Series is 39368 & 41157 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 38176-38262-38375
HVNs – 35620 / 36918 / 37582 / 37762**
(** indicates series POC)
Business Areas for 11th Jan 2022:
Up
38520 – Spike High from 10th Jan
38660 – Monthly 1 ATR objective
38782 – Weekly 2 IB target
38958 – Selling singles from 16th Nov
39062 – Top of selling tail
39173 – Weekly 3 IB target
39428 – Selling singles from 15th Nov
Down
38391 – Spike Low from 10th Jan
38262 – dPOC from 10th Jan
38063 – Buying singles from 10th Jan
37960 – Singles mid-point
37798 – VPOC from 07th Jan
37645 – PBL from 07th Jan
37497 – VWAP from 06th Jan
(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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