Nifty Jan F: 17941 [ 18097 / 17887 ]
NF opened with a probe above PDH hitting new highs of 18097 but failed to find fresh demand confirming an ORR (Open Rejection Revese) start to the day and left an initiative selling tail till 18034 filling up the low volume zone of the Double Distribution profile almost tagging the lower HVN of 17884 while hitting a low of 17887 and closed around the dPOC of 17946 leaving a Normal Variation Day Down with completely inside Value.
The auction remained below VWAP all day hence today’s VWAP of 17975 would be the important reference on the upside in the coming session whereas on the downside, what happens at the HVN of 17884 could give a clue if the balance on the higher timeframe would continue or a fresh imbalance begins.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Rejection Reverse – Down (ORR)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 17946 F
- Vwap of the session was at 17975 with volumes of 78 L and range of 210 points as it made a High-Low of 18097-17887
- The settlement day Roll Over point (Jan 2023) is 18299
- The VWAP & POC of Dec 2022 Series is 18337 & 18584 respectively.
- The VWAP & POC of Nov 2022 Series is 18295 & 18335 respectively.
- The VWAP & POC of Oct 2022 Series is 17350 & 17260 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 17900-17946-18009
HVNs – 17976** / 18108 / 18181
(** indicates series POC)
Business Areas for 17th Jan 2023:
Up
17946 – dPOC from 16 Jan
17975 – VWAP from 16 Jan
18025 – PBH from 16 Jan
18065 – IB singles mid (16 Jan)
18105 – Selling Tail (10 Jan)
18141 – IB singles mid
Down
17920 – LVN from 16 Jan
17884 – HVN from 13 Jan
17844 – Buying Tail (13 Jan)
17808 – Monthly ATR
17746 – Monthly 3 IB
17696 – Weekly 1 ATR (18097)
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Jan F: 42301 [ 42805/ 42192 ]
BNF opened with a probe higher as it tagged the 09th Jan POC of 42725 but fell short of the higher HVN of 42831 as it could only manage 42805 and turned into an OAOR (Open Auction Out of Range) as supply came back strongly in this old zone leaving an initiative selling tail till 42726 and similar lows of 42550 in the IB.
The auction then made a RE to the downside in the E period triggering the filling up of the DD (Double Distribution) singles of 42421 to 42328 and a further drop to the SOC (Scene Of Crime) of 42210 as it made a low of 42192 before closing the day right at the dPOC of 42300 indicating morning sellers booking out. Value for the day was overlapping to higher.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 42300 F
- Vwap of the session was at 42491 with volumes of 36.6 L and range of 613 points as it made a High-Low of 42805-42192
- The settlement day Roll Over point (Jan 2023) is 43420
- The VWAP & POC of Dec 2022 Series is 43030 & 43128 respectively.
- The VWAP & POC of Nov 2022 Series is 42150 & 42959 respectively.
- The VWAP & POC of Oct 2022 Series is 39750 & 38950 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 42219-42300-42619
HVNs – 42216** / 43270 / 43391
(** indicates series POC)
Business Areas for 17th Jan 2023:
Up
42344 – Closing PBH (16 Jan)
42491 – VWAP from 16 Jan
42595 – Weekly IBH
42726 – Selling Tail (16 Jan)
42831 – HVN from 09 Jan
42939 – HVN from 05 Jan
Down
42255 – LVN from 16 Jan
42120 – HVN from 13 Jan
42023 – Weekly IBL
41940 – Buying tail (12 Jan)
41869 – 26th Dec Swing Low
41720 – Weekly 1 ATR (42805)
(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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