Nifty Mar F: 16648 [ 16708 / 16475 ]
NF opened with a 100 point gap down & tested previous day’s buying singles of 16486 to 16450 while making a low of 16475 from where it was swiftly rejected as it not only got back into previous Value but entered the low volume zone of 16612 to 16700 making a high of 16708 in the B period as it left a small tail at top in the IB (Initial Balance) from 16684 to 16708 indicating return of supply.
The auction then made a C side probe lower breaking below the day’s VWAP and getting into the A period buying singles but could only leave a PBL (Pull Back Low) at 16654 after which it remained in a narrow range coiling for the rest of the day forming a nice balanced 3-1-3 profile and building a prominent POC at 16646 where it closed. Both Value & Range were completely inside previous session and the expected low volume zone fil up being done, there is a good chance of an initiative move away from this 2-day overlapping POC in the next open.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Day (3-1-3 profile)
- Largest volume was traded at 16646 F
- Vwap of the session was at 16625 with volumes of 108.1 L and range of 233 points as it made a High-Low of 16708-16475
- 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 16599-16646-16677
HVN – 16636
(** indicates series POC)
Business Areas for 14th Mar 2022:
Up
16677 – VAH from 11th Mar
16708 – PDH (Previous Day High)
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
Down
16646 – 2-day overlapping POC
16599 – VAL from 11th Mar
16553 – Buying Singles (11th Mar)
16514 – Mid-point of buying tail
16475 – PDL (Previous Day Low)
16425 – Singles Mid-point
16372 – VPOC from 09th Mar
16323 – 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: 34596 [ 34936 / 34153 ]
BNF gave a rare follow up to a Neutral Extreme profile as it opened lower by 225 points and made a look down below PDL (Previous Day Low) as it made a low of 34153 but was swiftly rejected triggering a big move of 783 points in the IB (Initial Balance) as the auction went on to tag the NeuX VWAP of 34887 along with the yPOC of 34902 but stalled right at the monthly IBL of 34936.
The C period then broke below the day’s VWAP negating the strong open as BNF confirmed a tail at both ends and formed a balance for the rest of the day coiling in range and forming an ultra-prominent POC at 34599 where it eventually closed and looks set to give a move away from here in the coming session.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Rejection Reverse – Up (ORR)
- The Day type was a Normal Day
- Largest volume was traded at 34599 F
- Vwap of the session was at 34605 with volumes of 55.7 L and range of 783 points as it made a High-Low of 34936-34153
- 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 34469-34599-34720
HVNs – 34561** / 34981 / 35280 / 36453
(** indicates series POC)
Business Areas for 14th Mar 2022:
Up
34599 – dPOC from 11th Mar
34794 – Selling Singles (11th Mar)
34936 – Monthly IBL
35055 – PBH from 10th Mar
35201 – SOC from 10th Mar
35386 – Selling singles
35508 – Weekly VAH
35653 – Mid-point of selling tail
Down
34542 – LVN from 11th Mar
34373 – Buying Singles (11th Mar)
34230 – 10th Mar low
34079 – Singles Mid-point
33940 – closing HVN (09th Mar)
33822 – HVN from 09th Mar
33711 – Extension Handle (09th Mar)
33510 – DD VWAP 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 )
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