Nifty Feb F: 17951 [ 18045 / 17893 ]
NF opened with a gap down of 77 points & went on to make a low of 17955 in the opening minutes stalling at 15th Feb’s VWAP of 17957 and giving a bounce back to 18045 in the B period as it tagged that day’s VPOC but left a small responsive selling tail just below PDH hinting that the PLR (Path of Least Resistance) was to the downside.
The auction then exhibited typical OAOR characteristic as it started to coil from the C to the F TPOs and then made an important RE to the downside in the G triggering an OTF (One Time Frame) probe lower till the J period where it made a low of 17893 and saw some profit booking by the shorts leading to a bounce back to VWAP of 17964 into the close leaving a Normal Variation Day with completely lower value.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day Type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 17952 F
- Vwap of the session was at 17964 with volumes of 73 L and range of 151 points as it made a High-Low of 18045-17893
- 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 17931-17952-18017
HVNs – 17676 / 17796** / 17880 / 18240
(** indicates series POC)
Business Areas for 20th Feb 2023:
Up
17964 – VWAP from 17 Feb
18000 – HVN from 17 Feb
18045 – dPOC from 15 Feb
18075 – VAL from 16 Feb
18117 – VPOC from 16 Feb
18148 – Selling tail (16 Feb)
Down
17952 – dPOC from 17 Feb
17916 – HVN from 17 Feb
17860 – HVN from 14 Feb
17801 – VPOC from 13 Feb
17764 – HVN from 13 Feb
17720 – HVN from 07 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: 41205 [ 41575/ 40950 ]
BNF made a gap down open of 186 points breaking below the 15th Feb’s Buying tail of 41530 & testing the SOC of 41421 from 14th Feb while making a low of 41402 in the A period and built volumes at 41506 for the rest of the IB from where it started an OTF (One Time Frame) to the downside with a rare C side extension which held and followed it up with couple of extension handles at 41386 & 41303 in the D & G TPOs as it not only completed the 3 IB target of 41057 but went on to make a low of 40950 in the J period.
The auction saw some profit booking coming in as it left a small responsive buying tail at the lows & gave a bounce back higher to 41257 into the close stalling just below the day’s VWAP of 41291 leaving a DD (Double Distribution) Trend Down profile with completely lower Value.
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 Double Distribution Trend Day – Down (DD)
- Largest volume was traded at 41506 F
- Vwap of the session was at 41291 with volumes of 57.9 L and range of 625 points as it made a High-Low of 41575-40950
- 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 41199-41506-41549
HVNs – 40600 / 40726 / 41482 / 41650** / 42115
(** indicates series POC)
Business Areas for 20th Feb 2023:
Up
41257 – Closing PBH (17 Feb)
41386 – Extension Handle (17 Feb)
41506 – dPOC from 17 Feb
41643 – Gap mid-point (17 Feb)
41785 – HVN from 16 Feb
41946 – VPOC from 16 Feb
Down
41166 – LVN from 17 Feb
41004 – LVN from 17 Feb
40883 – Buying Tail (03 Feb)
40766 – 03 Feb Low
40616 – VWAP from 02 Feb
40470 – HVN from 02 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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