Nifty Jan F: 18295 [ 18320 / 18146 ]
NF opened lower and continued the probe to the downside getting back into the 2-day composite Value of 18189-18225-18261 and even breaking below it as it made a low of 18146 in the opening minutes but saw demand coming back in this buying tail of 18175 to 18083 as it got back above VWAP & completed the 80% Rule in the 2-day Value while making a high of 18258 in the B period. The auction then did the reverse 80% Rule as it made a low of 18187 in the C TPO and followed it up with a break below in the E period where it left a Pull Back Low at 18174 once again taking support in the 12th Jan initiative singles after which it made a slow probe higher for the rest of the day making the first Range Extension in the J period and spiked in the L period to hit new highs for the week at 18320 before closing the day at 18295.
Range wise, NF has formed an outside bar with overlapping Value and is now giving a nice 3-1-3 composite balance over the last 3 days with Value at 18188-18242-18266 but the immediate reference for the next open would be the spike zone of 18278 to 18320.
Click here to view the latest profile in NF on MPLite
-
- The NF Open was a Open Rejection Reverse – Up (ORR)
- The Day type was a Normal Variation Day – Up (Outside Bar)
- Largest volume was traded at 18248 F
- Vwap of the session was at 18231 with volumes of 64.1 L and range of 174 points as it made a High-Low of 18320-18146
- NF confirmed a FA at 17995 on 11/01 and tagged the 1 ATR objective of 18180 on 12/01. The 2 ATR target comes to 18365.
- NF confirmed a FA at 17949 on 07/01 and tagged the 1 ATR objective of 17735 on the same day. This FA got re-visited on 10/01 & and tagged the 1 ATR upside target of 18163 on 12/01 & now possibly headed to the 2 ATR objective of 18377.
- The settlement day Roll Over point (January 2022) is 17260
- The VWAP & POC of Dec Series is 17169 & 17240 respectively.
- The VWAP & POC of Nov Series is 17635 & 17961 respectively.
- The VWAP & POC of Oct Series is 18036 & 18155 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 18186-18248-18282
HVNs – 17400 / 17745** / 18240
(** indicates series POC)
Business Areas for 17th Jan 2022:
Up
18302 – Selling singles from 14th Jan
18343 – Swing High from 15th Nov
18377 – 2 ATR from negated FA of 17949
18434 – 1 ATR from 18261
18463 – 1 ATR from 18287
18505 – Monthly 2 IB objective
18543 – 2 ATR from 18197
Down
18278 – Spike low from 14th Jan
18242 – 3-day composite POC
18218 – Weekly HVN
18174 – Buying singles from 14th Jan
18129 – Mid-point of buying tail
18083 – dPOC from 11th Jan
18033 – PBL from 11th Jan
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Dec F: 38491 [ 38566 / 38110 ]
BNF also opened lower near the 1 ATR objective of 38328 from the FA of 38957 and continued to fall as it re-visted the lower FA from 11th Jan of 38180 while making a low of 38173 where it took support and gave a bounce back to 38488 stalling at 11th Jan VWAP of 38451 displaying change of polarity at this previous demand zone after which it made a fresh probe to the downside & even made a Range Extension (RE) in the E period where it tagged 38110 but was swiftly rejected from a little above the 10th Jan buying singles of 38063 to 37856 leaving a responsive buying tail which marked the end of the downmove. The auction then made a One Time Frame probe higher over the next 7 TPOs and even made a RE in the L period as it made new highs of 38566 just missing yesterday’s POC of 38578 and left a responsive selling tail also at the top before settling down to close the day near the dPOC of 38445 leaving a Neutral Centre Day and a 3-1-3 profile with completely lower value for the second consecutive day.
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 Neutral Day (3-1-3 profile)
- Largest volume was traded at 38445 F
- Vwap of the session was at 38324 with volumes of 34.4 L and range of 456 points as it made a High-Low of 38566-38110
- BNF confirmed a multi-day FA at 38957 on 13/01 and tagged the 1 ATR target of 38328 on 14/01. The 2 ATR objective comes to 37698.
- BNF confirmed a FA at 38180 on 11/01 and tagged the 1 ATR objective of 38825 on 12/01. The 2 ATR target comes to 39471. This FA got re-visted on 14/01 and showed demand coming back in this zone.
- The settlement day Roll Over point (January 2022) is 35240
- The VWAP & POC of Dec Series is 36082 & 35100 respectively.
- The VWAP & POC of Nov Series is 38047 & 39404 respectively.
- The VWAP & POC of Oct Series is 39368 & 41157 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 38227-38445-38469
HVNs – 35620 / 37762 / 38224** / 38555
(** indicates series POC)
Business Areas for 17th Jan 2022:
Up
38503 – Selling singles from 14th Jan
38628 – VWAP from 13th Jan
38723 – 1 ATR from 38110
38874 – dPOC from 12th Jan
38957 – FA from 12th Jan
39062 – Top of selling tail
39219 – VWAP from 15th Nov
Down
38445 – dPOC from 14th Jan
38324 – VWAP from 14th Jan
38173 – Buying singles from 14th Jan
38063 – Buying singles from 11th Jan
37960 – Singles mid-point
37798 – VPOC from 07th Jan
37645 – PBL from 07th Jan
(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
