Nifty Jan F: 18083 [ 18121 / 17995 ]
NF hit 18084 at open but could not sustain the spike high of 18058 leading to a probe lower as it broke below the spike lows of 18024 and even tagged the yPOC of 18005 forming a narrow 79 point range IB after which it made the dreaded C side extension resulting in marginal new lows of 17995 which was swiftly rejected and this defense pf yVWAP meant that the buyers were back. The auction then made a move above VWAP in the C period itself and stayed above it and made couple of REs (Range Extension) to the upside confirming a FA (Failed Auction) at lows and almost hit the 1.5 IB objective of 18123 in the I TPO before giving a pull back below VWAP in the K period and closing right at the dPOC of 18083 leaving a Neutral Centre Day. Value was once again completely higher but both the range & volumes are contracting which means poor trade facilitation & a strong open would be needed for a fresh move in the coming session(s).
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction (OA)
- The Day type was a Neutral Centre Day (NeuC)
- Largest volume was traded at 18083 F
- Vwap of the session was at 18066 with volumes of 66.3 L and range of 126 points as it made a High-Low of 18121-17995
- NF confirmed a FA at 17995 on 11/01 and the 1 ATR objective comes to 18180.
- 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 18046-18083-18098
HVNs – 17400 / 17745**
(** indicates series POC)
Business Areas for 12th Jan 2022:
Up
18113 – PBH from 11th Jan
18163 – 1 ATR from FA of 17949
18195 – 1.5 Monthly IB
18230 – SOC (Scene Of Crime) from 16th Nov
18262 – Weekly 3 IB target
18308 – Monthly 1 ATR objective
18343 – Swing High from 15th Nov
Down
18083 – dPOC from 11th Jan
18033 – PBL from 11th Jan
17995 – FA from 11th Jan
17941 – Buying singles from 10th Jan
17898 – Singles mid-point
17864 – VPOC from 07th Jan
17834 – Downside SOC from 07th Jan
(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: 38548 [ 38635 / 38180 ]
BNF hit 38599 at open but could not sustain above the spike zone confirming an Open Rejection Reverse start as it got back into previous day’s well balanced profile and completed the 80% Rule with the help of a C side extension where it made marginal new lows of the day at 38180 and made a swift move back completing the 80% Rule to the upside also after which it remained above previous Value forming a balance in the morning selling singles till the H period and made a RE to the upside in the I TPO confirming a FA at lows but could only manage 38635 and got back to the day’s VWAP before closing near the dPOC forming a Neutral Cenre Day with completely higher Value. As in NF, here too the range & volumes have been contracting this week so need a fresh bout of initiative activity for an imbalance to begin.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Rejection Reverse – Down (ORR)
- The Day type was a Neutral Centre Day ( NeuC)
- Largest volume was traded at 38561 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
- BNF confirmed a FA at 38180 on 11/01 and the 1 ATR objective comes to 38825.
- 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 38386-38562-38593
HVNs – 35620 / 36918 / 37582 / 37762**
(** indicates series POC)
Business Areas for 12th Jan 2022:
Up
38617 – PBH from 11th Jan
38825 – 1 ATR from FA of 38180
38958 – Selling singles from 16th Nov
39062 – Top of selling tail
39173 – Weekly 3 IB target
39345 – SOC from 15th Nov
39471 – 2 ATR from FA of 38180
Down
38515 – HVN from 11th Jan
38382 – PBL from 11th Jan
38180 – FA from 11th Jan
38063 – Buying singles from 11th Jan
37960 – Singles mid-point
37798 – VPOC from 07th Jan
37645 – PBL from 07th 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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