Nifty Feb F: 18035 [ 18049 / 17872 ]
NF opened with a probe below previous day’s VWAP of 17903 and went on to test the DD (Double Distribution) Extension Handles of 17885 & 17878 while making a low of 17872 in the A period where it saw some demand coming back as the B TPO not only rebelled but went on to leave a fresh extension handle at 17917 and tagged the yPOC while making new highs for the day at 17949.
The auction then made the dreaded C side extension to 17960 but also confirmed a mid-profile tail from 17935 to 17917 after which it made couple of REs to the upside in the D & E periods looking above PDH & almost completing the 1.5 IB target of 17987 but failed to get new demand triggering a retracement down to 17930 where it left similar lows in the F & G defending the mid-profile buying tail which meant that the buyers were still in control.
NF remained in a narrow range forming a ‘p’ shape profile till the J TPO building volumes once again at the yPOC level of 17940 before the important K period started a fresh imbalance with an extension handle at 17983 and was joined in by the L which spiked it further to 18049 but saw big profit booking coming in causing the dPOC to shift higher to 18045. Spike rules will be in play for the next open and the zone on watch would be 18000 to 18049.
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 Variation Day – Up (with a Spike Close)
- Largest volume was traded at 18045 F
- Vwap of the session was at 17957 with volumes of 65.2 L and range of 177 points as it made a High-Low of 18049-17872
- 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 17940-18045-18048
HVNs – 17676 / 17796** / 17880 / 18240
(** indicates series POC)
Business Areas for 16th Feb 2023:
Up
18045 – dPOC from 15 Feb
18080 – B TPO POC (25 Jan)
18124 – Selling Singles (25 Jan)
18169 – IB Singles Mid (25 Jan)
18204 – 5-day composite VPOC
18259 – 5-day composite VAH
Down
18035 – Mid-profile tail (15 Feb)
17983 – Extension Handle (15 Feb)
17957 – VWAP from 15 Feb
17917 – Extension Handle (15 Feb)
17860 – HVN from 14 Feb
17801 – VPOC from 13 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: 41791 [ 41849/ 41523 ]]
BNF also made a lower open and went on to test the extension handle & DD VWAP of 41549 as it made a low of 41523 and saw this zone being defended by the buyers after which it filled up the DD zone forming a balance & an inside bar for most part of the day before spiking higher from 41768 to 41849 into the close.
Value formed was completely inside & between the VWAP & POC of Tuesday’s profile and Spike rules will be in play for the next open to see if the closing imbalance continues.
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 Variation Day – Up (with a Spike Close)
- Largest volume was traded at 41625 F
- Vwap of the session was at 41659 with volumes of 31 L and range of 327 points as it made a High-Low of 41849-41523
- 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 41538-41625-41687
HVNs – 40600 / 40726 / 41482 / 41650** / 42115
(** indicates series POC)
Business Areas for 16th Feb 2023:
Up
41832 – Closing HVN (15 Feb)
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)
42603 – Extension Handle (25 Jan)
Down
41768 – Spike Low (15 Feb)
41659 – VWAP from 15 feb
41530 – Buying Tail (15 Feb)
41421 – SOC (14 Feb)
41311 – Buying Tail (14 Feb)
41148 – HVN from 03 Feb
41022 – SOC 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 )
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