Nifty Feb F: 17945 [ 17970 / 17812 ]
NF opened above previous session’s selling extension handle of 17825 and went on to get into the A period singles getting acccepted there as it formed a very narrow IB (Initial Balance) range of 65 points and began to contract even further in the C & D periods absorbing all the supply in this zone.
The auction then made a marginal RE (Range Extension) to the upside in the E TPO & followed it up with a big one in the F where it left an extension handle at 17885 and made a trending move higher till the J where it not only tagged the 09th Feb VPOC of 17943 which was also the 2 IB target of the day but went on to make a high of 17970 stalling just below the swing high of 17974 marking the end of the upside and saw the dPOC shift higher to 17942 completing 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 17942 F
- Vwap of the session was at 17903 with volumes of 72.1 L and range of 157 points as it made a High-Low of 17970-17812
- 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 17896-17942-17969
HVNs – 17676 / 17796** / 17880 / 18240
(** indicates series POC)
Business Areas for 15th Feb 2023:
Up
17948 – Closing LVN (14 Feb)
17981 – Weekly 2 IB target
18026 – Anomaly from 01 Feb
18063 – Poor High (01 Feb)
18111 – Extension Handle (24 Jan)
18169 – IB Singles Mid (24 Jan)
18204 – 5-day composite VPOC
Down
17942 – dPOC from 14 Feb
17903 – DD VWAP (14 Feb)
17860 – HVN from 14 Feb
17801 – VPOC from 13 Feb
17764 – HVN from 13 Feb
17738 – Weekly 2 IB target
17692 – LVN from 03 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: 41702 [ 41788/ 41277 ]
BNF opened higher but made an OH (Open=High) start at 41500 which was just below yesterday’s extension handle of 41510 triggering a probe lower for the rest of the IB where it made a low of 41277 stopping just above the buying tail from 41265 to 41230 indicating responsive buyers coming in yet again in this zone.
The auction remained in previous Value forming a balance till the G period after which it made a RE to the upside in the H and confrimed an extension handle at 41550 in the J TPO swiping through the 5-day composite Value (06th to 10th Feb) and recorded new weekly highs of 41788 in the K but could not close at the extreme as it saw some profit booking coming in causing the dPOC to shift higher to 41679 into the close leaving a Double Distribution Trend Up profile for the day.
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 41679 F
- Vwap of the session was at 41549 with volumes of 28.1 L and range of 511 points as it made a High-Low of 41788-41277
- 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 41439-41679-41783
HVNs – 40600 / 40726 / 41482 / 41650** / 42115
(** indicates series POC)
Business Areas for 15th Feb 2023:
Up
41733 – Closing LVN (14 Feb)
41863 – 5-day composite tail
41989 – 01 Feb H TPO POC
42080 – Weekly Selling Tail
42255 – Extension Handle (25 Jan)
42390 – B TPO LVN (25 Jan)
42475 – Weekly NeuX VWAP (20-25 Jan)
Down
41665 – DD Singles (14 Feb)
41549 – DD VWAP (14 Feb)
41421 – SOC (14 Feb)
41311 – Buying Tail (14 Feb)
41148 – HVN from 03 Feb
41022 – SOC from 03 Feb
40883 – Buying Tail (03 Feb)
(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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