Nifty Jan F: 18025 [ 18088 / 17835 ]
NF opened with an OH (Open=High) at 17940 just below 12th Jan’s extension handle of 17943 and swiped through previous Value taking support exactly at the buying tail from 17835 as it formed a relatively narrow 104 point range IB (Initial Balance) with a selling tail from 17881 to 17940 which was slowly negated from the C to the G periods where it got back above yVWAP of 17908.
With the sellers seemingly absent, the auction then saw the buyers taking control from the G TPO onwards in form of an extension handle at 17940 triggering a trending move to the upside till the J where it made a look up above the 10th Jan HVN of 18064 while making a high of 18088 but saw profit booking coming in leading to a retracement back to 18001 before closing right at the dPOC of 18025 leaving a Double Distribution Trend Day Up.
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 Double Distribution Trend Day – Up (DD)
- Largest volume was traded at 18025 F
- Vwap of the session was at 17972 with volumes of 102 L and range of 253 points as it made a High-Low of 18088-17835
- 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 17901-18025-18084
HVNs – 18108** / 18181
(** indicates series POC)
Business Areas for 16th Jan 2023:
Up
18025 – dPOC from 13 Jan
18058 – SOC from 13 Jan
18105 – Selling Tail (10 Jan)
18141 – IB singles mid
18178 – dPOC from 09 Jan
18227 – Selling Tail (04 Jan)
Down
18010 – Weekly VWAP
17972 – DD VWAP (13 Jan)
17940 – Extension Handle
17884 – HVN from 13 Jan
17844 – Buying Tail (13 Jan)
17808 – Monthly ATR
(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: 42500 [ 42595/ 42023 ]
BNF made an OAIR (Open Auction In Range) start but an attempt to probe higher was met with rejection at 42328 triggering the 80% Rule in previous Value as it left an initiative selling tail till 42210 & went on to make a low of 42023 leaving a small responsive buying tail indicating sellers booking out.
The auction then remained in the narrow B TPO range till the F period before starting a fresh imbalance from G onwards where it left a SOC (Scene Of Crime) at 42210 and followed it up with an extension handle at 42328 in the H continuing the upmove till the J TPO where it made a high of 42595 stalling just below the 10th Jan IB singles mid-point of 42631 and gave a retracement down to 42421 before settling down at the dPOC of 42505 leaving a Double Distribution (DD) Trend Day Up with the DD singles from 42421 to 42328.
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 Double Distribution Trend Day – Up (DD)
- Largest volume was traded at 42505 F
- Vwap of the session was at 42324 with volumes of 37.5 L and range of 572 points as it made a High-Low of 42595-42023
- 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 42172-42505-42590
HVNs – 42216** / 43270 / 43391
(** indicates series POC)
Business Areas for 16th Jan 2023:
Up
42505 – dPOC from 13 Jan
42631 – IB Singles Mid (10 Jan)
42725 – dPOC from 09 Jan
42831 – HVN from 09 Jan
42939 – HVN from 05 Jan
43075 – Selling Tail (05 Jan)
43187 – IB singles mid
Down
42421 – DD singles (13 Jan)
42324 – DD VWAP (13 Jan)
42210 – SOC from 13 Jan
42120 – HVN from 13 Jan
42023 – Weekly IBL
41940 – Buying tail (12 Jan)
41869 – 26th Dec Swing Low
(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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