Nifty Mar F: 17008 [ 17028 / 16856 ]
NF opened with a 200 point gap up right at previous day’s POC of 16870 and settled down into an Open Auction forming a narrow IB (Initial Balance) range of just 99 points after which it made the dreaded C side extension making new lows for the day at 16856 which was swiftly rejected resulting in a probe higher. The auction made higher highs till the H period making an attempt to extend the range on the upside and in the process confirmed a FA (Failed Auction) at lows but was immediately rejected from 16979 which was the VPOC from 22nd Feb leading to a break below the day’s VWAP as it left a PBL right at the yPOC of 16870 indicating that the PLR (Path of Least Resistance) was to the upside.
NF then began to coil forming a nice balance for the day & looked like would close as a Neutral Centre Day but went on to spike higher into the close from 16979 to 17028 late in the L TPO leaving a Neutral Extreme (NeuX) Up profile for the day.
P.S: NF also confirmed a weekly FA at 16556 with a close above the weekly IBH of 16824 today & the 1 ATR objective on the upside comes to 17270.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction (OA)
- The Day type was a Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 16936 F
- Vwap of the session was at 16937 with volumes of 119.3 L and range of 173 points as it made a High-Low of 17028-16856
- NF confirmed a FA at 16856 on 16/03 and the 1 ATR objective comes to 17182.
- The settlement day Roll Over point (March 2022) is 16251
- The VWAP & POC of Feb 2022 Series is 17183 & 17409 respectively.
- The VWAP & POC of Jan 2022 Series is 17669 & 17703 respectively.
- The VWAP & POC of Dec 2021 Series is 17169 & 17240 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 16891-16936-16961
HVN – 16648
(** indicates series POC)
Business Areas for 17th Mar 2022:
Up
17029 – NeuX zone high (16th Mar)
17090 – Spike Low from 23rd Feb
17154 – LVN from 23rd Feb
17208 – VPOC from 23rd Feb
17255 – Daily Swing High (23rd Feb)
17324 – dPOC from 21st Feb
17373 – VAH from 21st Feb
17417 – Selling singles (18th Feb)
Down
16979 – Extension Handle (16th Mar)
16937 – NeuX VWAP from 16th Mar
16870 – PBL from 16th Mar
16824 – Weekly IBH
16756 – NeuX VWAP (15th Mar)
16716 – PBH from 15th Mar
16650 – HVN from 15th Mar
16598 – Buying singles (15th Mar)
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Mar F: 35804 [ 36861 / 35506 ]
BNF opened with a gap up of more than 500 points and remained above the yPOC of 35487 but made an uncharasteritic Normal Day within a narrow range of just 355 points all day forming an ideal Bell Curve with an ultra prominent POC at 35685 and has a very good chance of giving an initiative move away from here in the coming session(s).
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction (OA)
- The Day type was a Normal Day (Bell Curve)
- Largest volume was traded at 35685 F
- Vwap of the session was at 35707 with volumes of 44.4 L and range of 355 points as it made a High-Low of 35861-35506
- The settlement day Roll Over point (March 2022) is 35296
- The VWAP & POC of Feb 2022 Series is 37712 & 37712 respectively.
- The VWAP & POC of Jan 2022 Series is 37772 & 38232 respectively.
- The VWAP & POC of Dec 2021 Series is 36082 & 35100 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 35619-35685-35773
HVNs – 34561 / 34897** / 35070 / 35280 / 36453
(** indicates series POC)
Business Areas for 17th Mar 2022:
Up
35889 – SOC from 28th Feb
36035 – VWAP from 28th Feb
36191 – VPOC from 28th Feb
36330 – Selling Singles (28th Feb)
36471 – VPOC from 25th Feb
36642 – PBH from 25th Feb
36841 – Selling tail high (24th Feb)
37034 – Weekly 2 IB objective
Down
35771 – HVN from 16th Mar
35592 – PBL from 16th Mar
35487 – VPOC from 15th Mar
35275 – Gap Mid-point (16th Mar)
35050 – HVN from 15th Mar
34897 – Developing series POC
34681 – Buying Singles (14th Mar)
34542 – LVN from 11th Mar
(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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