Nifty Jan F: 17963 [ 18065 / 17890 ]
NF opened the day with a sharp probe below PDL (Previous Day Low) repairing the poor lows at 17925 and made a low of 17890 but held just above the 06th Jan Swing Low of 17872 & was swiftly rejected back into yesterday’s range as it left an initiative buying tail till 17936 & swiped through previous Value in the IB (Initial Balance) while making a high of 18042.
The auction then made the dreaded C side extension to 18065 and left a responsive selling tail marking the end of the upside and went on to form a nice balance for the rest of the session forming a 3-1-3 profile for the day with mostly inside Value and a close right at the dPOC of 17959.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Rejection Reverse – Up (ORR)
- The Day type was a Normal Day ( 3-1-3 profile)
- Largest volume was traded at 17959 F
- Vwap of the session was at 17979 with volumes of 82 L and range of 175 points as it made a High-Low of 18065-17890
- 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 17938-17959-18004
HVNs – 18112** / 18181
(** indicates series POC)
Business Areas for 12th Jan 2023:
Up
17979 – VWAP from 11 Jan
18018 – PBH from 11 Jan
18064 – LVN from 10 Jan
18105 – Selling Tail (10 Jan)
18141 – IB singles mid
18178 – dPOC from 09 Jan
Down
17959 – dPOC from 11 Jan
17910 – IB singles mid (11 Jan)
17876 – Buying tail (06 Jan)
17846 – 1 ATR (Weekly POC)
17808 – Monthly ATR
17753 – 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: 42393 [ 42492/ 41880 ]
BNF also opened with a strong move to the downside from yVWAP of 42269 as it made new lows for the series at 41880 stopping just above the 26th Dec Swing Low of 41869 & similar to NF was swiftly rejected back into previous day’s range & value as it formed a huge 569 point range in the IB along with a buying tail till 42089 as it made a high of 42448.
The auction then made couple of attempts to probe higher but could only manage marginal new highs of 42475 and formed a ‘p’ shape profile for most part of the day before it made another RE in the L period looking for a spike close recording new highs of 42492 but got rejected from previous session’s A period singles of 42488 to 42774 and gave a retracement down closing around the dPOC of 42385 forming overlapping to higher Value for the day.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Rejection Reverse – Up (ORR)
- The Day type was a Normal Day ( ‘p’ shape profile)
- Largest volume was traded at 42385 F
- Vwap of the session was at 42283 with volumes of 41.9 L and range of 613 points as it made a High-Low of 42492-41880
- 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 42231-42385-42446
HVNs – 43270 / 43391**
(** indicates series POC)
Business Areas for 12th Jan 2023:
Up
42399 – Closing HVN (11 Jan)
42475 – Selling tail (11 Jan)
42631 – IB Singles Mid (10 Jan)
42725 – dPOC from 09 Jan
42840 – Weekly IBH
42939 – HVN from 05 Jan
43075 – Selling Tail (05 Jan)
Down
42385 – dPOC from 11 Jan
42283 – VWAP from 11 Jan
42165 – PBL from 11 Jan
42089 – Buying Tail (11 Jan)
41950 – A TPO POC (11 Jan)
41869 – 26th Dec Swing Low
41730 – 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 )
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