Nifty Mar F: 16612 [ 16753 / 16450 ]
NF continued the Trend Day’s imbalance from yesterday with a big 364 point gap up and made new highs for the week at 16749 but stalled in the Initiative Selling Singles of 03rd Mar triggering a quick retracment lower to 16575 after which it formed an inside bar in the B period leaving small tails at both ends in the IB (Initial Balance). The auction then filled up the upper singles & made the dreaded C side extension hitting marginal new highs of 16753 but was immediately rejected confirming lack of demand in this ealier supply zone.
NF then remained in a narrow range forming a ‘p’ shape profile for the day till the ‘F’ period but the break of day’s VWAP in the G TPO confirmed that the sellers were getting aggressive which led to a trending move lower till the J period as the auction not only confirmed a FA at highs but almost tagged the 1 ATR objective of 16447 while making a low of 16450 and left a small responsive buying tail at lows marking the end of the downside for the day.
NF gave a retracment back to the dPOC of 16647 into the close leaving a Neutral Day and has a low volume zone from 16612 to 16700 which would be the immediate reference on the upside for the coming session(s) and today’s FA of 16753 will be the new positional level to watch.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Neutral Day (NeuD)
- Largest volume was traded at 16647 F
- Vwap of the session was at 16639 with volumes of 159.9 L and range of 304 points as it made a High-Low of 16753-16450
- NF confirmed a FA at 16753 on 10/03 and almost tagged the 1 ATR objective of 16447 on the same day. The 2 ATR target comes to 16140.
- The settlement day Roll Over point (March 2022) is 16251
- The VWAP & POC of Feb 2022 Series is 17183 & 17409 respectively.
- The VWAP & POC of Jan 2022 Series is 17669 & 17703 respectively.
- The VWAP & POC of Dec 2021 Series is 17169 & 17240 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 16584-16647-16723
HVN – 16648
(** indicates series POC)
Business Areas for 11th Mar 2022:
Up
16639 – VWAP from 10th Mar
16694 – SOC (Scene Of Crime) 10th Mar
16753 – FA from 10th Mar
16784 – VPOC from 28th Feb
16825 – Daily Swing High (28th Feb)
16887 – Mid-point of Gap Down (24th Feb)
16927 – PBL from 22nd Feb
16979 – VPOC from 22nd Feb
17054 – 1.5 Monthly IB
Down
16612 – TPO HVN (10th Mar)
16563 – Closing PBL (10th Mar)
16486 – Buying singles (10th Mar)
16425 – Singles Mid-point
16372 – VPOC from 09th Mar
16323 – Extension Handle (09th Mar)
16252 – March RO (Roll Over) Point
16223 – Trend Day VWAP (09th Mar)
16170 – Extension Handle (09th Mar)
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Mar F: 34547 [ 35424 / 34230 ]
BNF opened with a 1000+ point gap up negating the selling tail of 04th Mar in the A period & made a higher high of 35243 in the B TPO and continued the probe to the upside with a C side extension to 35424 where the auction stalled just below the initiative selling tail from 35439 to 35867 from 03rd Mar.
The auction then stayed above the IBH but remained in a narrow range and the inability to make a fresh RE (Range Extension) to the upside meant that the buyers were losing control and once it broke below the day’s VWAP in the G period leaving a SOC (Scene Of Crime) at 35201, the sellers came back aggresively to give a trending move lower till the J TPO as it made couple of REs to the downside and tagged the weekly VAL of 34260 while making a low of 34230 and left a small buying tail to give a PBH to 35055 before closing the day at 34547 leaving a Neutral Extreme Day Down.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 34902 F
- Vwap of the session was at 34887 with volumes of 87.7 L and range of 1194 points as it made a High-Low of 35424-34230
- The settlement day Roll Over point (March 2022) is 35296
- The VWAP & POC of Feb 2022 Series is 37712 & 37712 respectively.
- The VWAP & POC of Jan 2022 Series is 37772 & 38232 respectively.
- The VWAP & POC of Dec 2021 Series is 36082 & 35100 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 34655-34902-35410
HVNs – 34981** / 35320 / 36449
(** indicates series POC)
Business Areas for 11th Mar 2022:
Up
34560 – HVN from 10th Mar
34727 – PBH from 10th Mar
34887 – NeuX VWAP (10th Mar)
35055 – PBH from 10th Mar
35201 – SOC from 10th Mar
35386 – Selling singles
35508 – Weekly VAH
35653 – Mid-point of selling tail
35889 – SOC from 28th Feb
Down
34444 – Closing HVN (10th Mar)
34270 – Buying singles (10th Mar)
34079 – Singles Mid-point
33940 – closing HVN (09th Mar)
33711 – Extension Handle (09th Mar)
33510 – DD VWAP from 09th Mar
33414 – Extension Handle (09th Mar)
33236 – VPOC from 09th Mar
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive
