Nifty Feb F: 17360 [ 17383 / 16837 ]
NF opened higher well above previous day’s spike zone of 16855 to 16801 and went on to tag yVWAP of 16969 while making a high of 16980 in the A period where it got stalled and reversed the probe to the downside for the rest of the IB (Initial Balance) leaving a selling tail from 16916 to 16980 and entered the spike zone but could only make a low of 16837 where it left a small but important buying tail indicating rejection from the spike.
The auction then made a probe into the morning selling singles in the D period & gave a big RE (Range Extension) to the upside in the E leaving the first extension handle of the day at 16980 and made a huge trending move for the rest of the day as it gave 4 more extension handles at 17017 (which was the yPOC), 17125 (Weekly IBH), 17185 & 17309 and went on to tag the 11th Feb VPOC of 17377 while making a high of 17383 into the close forming a Trend Day Up.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAOR)
- The Day type was a Trend Day – Up (TD)
- Largest volume was traded at 17075 F
- Vwap of the session was at 17104 with volumes of 157.1 L and range of 546 points as it made a High-Low of 17383-16837
- 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 16837-17075-17126
HVN – 17353** / 17600
(** indicates series POC)
Business Areas for 16th Feb 2022:
Up
17403 – Weekly POC
17444 – Selling Singles (11th Feb)
17477 – LVN from 10th Feb
17530 – Mid-point of selling tail
17602 – VPOC from 10th Feb
17651 – VWAP from 03rd Feb
17704 – PBH from 03rd Feb
17766 – Mid-point of selling tail
Down
17364 – HVN from 15th Feb
17309 – Extension Handle (15th Feb)
17265 – Mid-profile singles
17185 – Extension Handle (15th Feb)
17125 – Extension Handle (15th Feb)
17075 – dPOC from 15th Feb
17017 – Extension Handle (15th Feb)
16980 – Extension Handle (15th 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: 38187 [ 38240 / 36647 ]
BNF opened with a slightly positive bias and negated the immediate extension handle of 37080 but stalled below the next one of 37246 as it made a high of 37160 in the opening minutes & reversed the probe to the downside for the rest of the IB as it not only got back into the spike zone of 36900 to 36807 but went on to make new lows for the week at 36674.
The auction them made an attempt to enter today’s initiative selling tail in the C period but got rejected leading to marginal new lows for the day in the D TPO at 36647 which also got swiftly rejected back into the IB triggering a humungous move to the upside for the rest of the day as BNF marked the end of the downmove which started from 03rd Feb with a FA (Failed Auction) at top by confirming another FA at lows this time.
The day ended as a Neutral Extreme to the upside with a massive 1593 point range which saw BNF complete the 1 ATR target of 37509 with ease and hitting the current series RO Point of 38240 looking set to complete the 2 ATR objective of 38371 in the coming session but saw some good profit booking with the dPOC shifting higher to 38211 into the close which will be the reference for the next open.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 38211 F
- Vwap of the session was at 37437 with volumes of 61.7 L and range of 1593 points as it made a High-Low of 38240-36647
- BNF confirmed a FA at 36647 on 15/02 and tagged the 1 ATR objective of 37509 on the same day. The 2 ATR target comes to 38371.
- BNF confirmed a multi-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 37492-38211-38240
HVN – 38100 / 38705** / 39270
(** indicates series POC)
Business Areas for 16th Feb 2022:
Up
38211 – dPOC from 15th Feb
38371 – 2 ATR from FA of 36647
38480 – Weekly POC
38693 – VPOC from 11th Feb
38826 – Multi-day FA (11th Feb)
38937 – Mid-point of selling tail
39116 – VPOC from 10th Feb
39296 – Weekly VPOC
Down
38110 – NeuX zone low (15th Feb)
37922 – Mid-profile singles (15th Feb)
37772 – Jan 2022 series VWAP
37663 – Extension Handle (15th Feb)
37490 – Mid-point of singles
37381 – Extension Handle (15th Feb)
37251 – Similar lows (H & I TPOs)
37110 – SOC from 15th 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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