Nifty Feb F: 17802 [ 17900 / 17745 ]
NF made an OAIR (Open Auction In Range) start in the 3-day composite Value and made an attempt to probe higher but was swiftly rejected right from PDH (Previous Day High) as it not only left an A period selling tail from 17845 to 17900 but even confirmed a selling extension handle at 17825 in the B TPO and made a low of 17756.
The auction then made a typical C side extension triggering a pull back to the day’s VWAP as it left a PBH at 17820 in the E TPO indicating that the morning sellers were still pressing and this resulted in a fresh RE (Range Extension) lower in the G period where it made a low of 17748 tagging the SOC (Scene Of Crime) from 07th Feb and got some demand back along with profit booking by the shorts resulting in a ‘b’ shape Normal Day with a close right at the prominent POC of 17801 leaving completely lower Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range (OAIR)
- The Day Type was a Normal Day (‘b’ shape profile)
- Largest volume was traded at 17801 F
- Vwap of the session was at 17800 with volumes of 64.5 L and range of 155 points as it made a High-Low of 17900-17745
- The settlement day Roll Over point (Feb 2023) is 17985
- The VWAP & POC of Jan 2023 Series is 17923 & 18132 respectively.
- The VWAP & POC of Dec 2022 Series is 18337 & 18584 respectively.
- The VWAP & POC of Nov 2022 Series is 18295 & 18335 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 17761-17801-17818
HVNs – 17676 / 17796** / 17880 / 18240
(** indicates series POC)
Business Areas for 14th Feb 2023:
Up
17825 – Extension Handle (13 Feb)
17845 – Selling Tail (13 Feb)
17872 – IB singles mid (13 Feb)
17906 – VWAP from 09 Feb
17945 – VPOC from 09 Feb
17981 – Weekly 2 IB target
18026 – Anomaly from 01 Feb
Down
17801 – dPOC from 13 Feb
17764 – HVN from 13 Feb
17738 – Weekly 2 IB target
17692 – LVN from 03 Feb
17657 – Weekly 3 IB target
17616 – HVN from 02 Feb
17576 – Buying Tail (02 Feb)
(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: 41382 [ 41733/ 41230 ]
BNF opened near the 5-day composite POC of 41638 and made a probe higher testing the composite VAH of 41692 but falling just short of the 10-Feb’s Selling Tail from 41734 as it made a high of 41733 and was swiftly rejected as thr sellers took advantage of the lack of demand and not only left an A period Selling tail till 41569 but also left an extension handle at PDL of 41510 dropping by another 200 points making a low of 41309 in the IB (Initial Balance).
The auction then remained in a narrow range for the rest if the day with a failed attempt to make a RE lower in the G period resulting in new lows for the day at 41230 but got some demand coming back just below 07th Feb’s Swing Low as it got back into balance mode for the rest of the day leaving a ‘b’ shape long liquidation profile with completely lower Value & a close at the prominent POC of 41382.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction In Range (OAIR)
- The Day Type was a Normal Day (‘b’ shape profile)
- Largest volume was traded at 41382 F
- Vwap of the session was at 41421 with volumes of 28.1 L and range of 503 points as it made a High-Low of 41733-41230
- The settlement day Roll Over point (Feb 2023) is 41864
- The VWAP & POC of Jan 2023 Series is 41965 & 42320 respectively.
- The VWAP & POC of Dec 2022 Series is 43030 & 43128 respectively.
- The VWAP & POC of Nov 2022 Series is 42150 & 42959 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 41278-41382-41470
HVNs – 40600 / 40726 / 41482** / 41622 / 42115
(** indicates series POC)
Business Areas for 14th Feb 2023:
Up
41421 – VWAP from 13 Feb
41510 – Extension Handle (13 Feb)
41605 – A TPO VWAP (13 Feb)
41734 – Selling tail (10 Feb)
41838 – Weekly 1.5 IB target
41921 – 08 Feb Swing High
42030 – LVN from 01 Feb
42136 – Weekly 3 IB target
Down
41382 – dPOC from 13 Feb
41265 – Buying tail (13 Feb)
41148 – HVN from 03 Feb
41022 – SOC from 03 Feb
40883 – Buying Tail (03 Feb)
40766 – Weekly IBL
40616 – VWAP from 02 feb
40470 – HVN from 02 feb
(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
