Nifty Feb F: 16838 [ 17129 / 16801 ]
NF not only opened the day with a big gap down of 227 points well below the 08th Feb VWAP of 17200 & right at the PBL of 17131 where it gave an OH (Open=High) start at 17129 and continued to probe lower in the IB (Initial Balance) dropping by another 199 points as it naegated previous week’s buying singles of 17074 to 17048 and went on to tag the 27th Jan SOC of 16974 & the LVN of 16935 where it left a small buying tail from 16949 to 16930.
The auction then probed higher in the C & d periods even scaling above VWAP and testing the morning selling tail but left the first PBH (Pull Back High) at 17075 showing change of polarity at last week’s buying reference and then confirmed the second PBH in the I TPO just below previous week’s low of 17048 signalling that the downside probe is far from over.
NF then made multiple RE’s to the downside for the rest of the day leaving an extension handle at 16907 & a spike close from 16855 to 16801 as it tested the buying singles from 21st Dec 2021 leaving a Normal Variation Day Down with completely lower Value and the spike rules to watch out for at the next open.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (with a Spike close)
- Largest volume was traded at 17017 F
- Vwap of the session was at 16969 with volumes of 124.8 L and range of 328 points as it made a High-Low of 17129-16801
- The settlement day Roll Over point (February 2022) is 17165
- The VWAP & POC of Jan 2022 Series is 17669 & 17703 respectively.
- The VWAP & POC of Dec 2021 Series is 17169 & 17240 respectively.
- The VWAP & POC of Nov 2021 Series is 17635 & 17961 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 16936-17017-17068
HVN – 17365** / 17600
(** indicates series POC)
Business Areas for 15th Feb 2022:
Up
16855 – Spike High from 11th Feb
16907 – Extension Handle (11th Feb)
17969 – VWAP from 11th Feb
17017 – dPOC from 11th Fenb
17075 – Selling Singles (11th Feb)
17129 – Weekly IBH
Down
16801 – Spike Low from 11th Feb
16740 – VPOC from 20th Dec 2021
16685 – Weekly 2IB target
16634 – SOC from 20th Dec 2021
16575 – Buying Singles (20th Dec)
16520 – Weekly 1 ATR objective
(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: 36920 [ 37900 / 36807 ]
BNF also opened with a huge gap down of 792 points and remained below the 8th Feb VPOC of 37976 as well as the 1 ATR objective from the multiday FA of 38826 and continued to probe lower in the IB to 37288 negating the 8th Feb buying singles.
The auction then gave a small bounce in the C & D periods but left a PBH at 37598 and continued to form a ‘b’ shape profile for the day till late afternoon before it gave a fresh move to the downside in the J period with the help of an extension handle at 37246 and went on to complete the 2 ATR target of 37155 from Friday’s FA of 38826 and negated the initiative buying tail of 25th Jan also as it left another extension handle at 37080 and went on to spike lower to 36807 into the close leaving a Normal Variation Day Down with completely lower Value with the spike zone of 36900 to 36807 being the reference for the next open.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (with a Spike close)
- Largest volume was traded at 37381 F
- Vwap of the session was at 37307 with volumes of 55.7 L and range of 1092 points as it made a High-Low of 37900-36807
- BNF confirmed a milti-day FA at 38826 on 14/02 and tagged the 2 ATR objective of 37155 on the same day.
- BNF confirmed a FA at 39540 on 03/02 and tagged the 2 ATR objective of 38067 on 07/02. This FA has not been tagged and is now a positional reference.
- The settlement day Roll Over point (February 2022) is 38240
- The VWAP & POC of Jan 2022 Series is 37772 & 38232 respectively.
- The VWAP & POC of Dec 2021 Series is 36082 & 35100 respectively.
- The VWAP & POC of Nov 2021 Series is 38047 & 39404 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 37138-37381-37600
HVN – 38100 / 38670** / 39270
(** indicates series POC)
Business Areas for 15th Feb 2022:
Up
36900 – Spike High from 14th Feb
37080 – Extension Handle (14th Feb)
37246 – Extension Handle (14th Feb)
37381 – dPOC from 14th Feb
37470 – PBH from 14th Feb
37598 – Selling Singles (14th Feb)
37749 – Mid-point of Selling tail
37920 – Weekly VAL
Down
36807 – Spike Low from 14th Feb
36670 – Weekly 1.5 IB target
36554 – Daily Swing Low (24th Jan)
36478 – Extension Handle (03rd Jan)
36326 – VWAP from 03rd Jan
36170 – Monthly 2 IB target
36109 – VPOC from 03rd Jan
35911 – Mid-profile Singles (03rd 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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