Nifty Feb F: 17356 [ 17473 / 17282 ]
NF opened the day with a big gap down of 170 points and continued to probe lower in the IB (Initial Balance) as it fell by a further 168 points while making a low of 17305 displaying change of polarity at the 07th Feb VWAP. The auction then made couple of REs (Range Extension) to the downside in the C & D periods but could only manage marginal new lows of 17292 & 17282 as it took support at the VAH of 08th Feb indicating that the downside was getting limited and once the E TPO closed back in the IB, it triggered a short covering move to 17444 till the J period when the entry into previous day range was met with fresh supply.
NF then made a retracement to the day’s VWAP & even broke below it effectively to make a low of 17327 into the close leaving a Normal Day with completely lower Value.
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 Normal Day
- Largest volume was traded at 17377 F
- Vwap of the session was at 17366 with volumes of 124 L and range of 191 points as it made a High-Low of 17473-17282
- 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 17318-17377-17406
HVN – 17360** / 17600
(** indicates series POC)
Business Areas for 14th Feb 2022:
Up
17377 – dPOC from 11th Feb
17444 – Selling Singles (11th Feb)
17530 – Mid-point of selling tail
17602 – VPOC from 10th Feb
17651 – VWAP from 03rd Feb
17704 – PBH from 03rd Feb
Down
17318 – VAL from 11th Feb
17261 – M TPO VWAP (08th Feb)
17200 – VWAP from 08th Feb
17131 – PBL from 07th Feb
17074 – Buying Singles (08th Feb)
17043 – NeuX VWAP (27th Jan)
(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: 38517 [ 38826 / 38405 ]
BNF opened with a gap down open of 350 points and continued to probe lower as it tagged the 09th Feb VPOC of 38544 while making a low of 38449 in the IB (Initial Balance) after which it made the typical C side extension to 38405 which was swiftly rejected triggering an OTF (One Time Frame) to the upside till the J period as the auction made couple of REs (Range Extension) but could only manage marginal new highs of 38826 where supply was back in good strength causing a complete retracement back to the IBL into the close.
The day’s profile was a Neutral one with completely lower Value with probable multi-day FAs at both ends and has a good chance of one of them getting active at open in the next session.
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 Day (NeuD)
- Largest volume was traded at 38693 F
- Vwap of the session was at 38613 with volumes of 43.7 L and range of 421 points as it made a High-Low of 38826-38405
- BNF confirmed a FA at 39540 on 03/02 and tagged the 2 ATR objective of 38067 on 07/02. This FA has not been tagged and is now a positional reference.
- 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 38518-38693-38755
HVN – 38100 / 38688** / 39270
(** indicates series POC)
Business Areas for 14th Feb 2022:
Up
38518 – VAL from 11th Feb
38693 – dPOC from 11th Feb
38821 – Selling singles (11th Feb)
38937 – Mid-point of selling tail
39012 – VWAP from 10th Feb
39116 – VPOC from 10th Feb
39241 – 1 ATR from 38405
39410 – SOC from 03rd Feb
39540 – FA from 03rd Feb
Down
38480 – Weekly POC
38380 – Buying Singles (09th Feb)
38256 – Mid-point of buying tail
38100 – Series POC
37976 – VPOC from 08th Feb
37877 – VWAP from 08th Feb
37712 – PBL from 08th Feb
37575 – LVN from 08th Feb
37479 – Buying singles (08th 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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