Nifty Jan F: 18088 [ 18103 / 17916 ]
NF started with an OL (Open=Low) start at 17916 from just below yesterday’s LVN (Low Volume Node) of 17920 and gave an initiative move to the upside as it scaled above yVWAP of 17975 triggering a quick short covering probe to 18069 in the IB (Initial Balance) after which it made the dreaded C side extension to 18077 which stalled the upmove.
The auction then made a retracement lower breaking below the day’s VWAP & testing the A period buying singles as it made a low of 17973 in the I TPO stopping exaclty at the 2-day matching VWAP level of 17975 indicating demand coming back and this led to a small spike higher into the close as NF stopped right below the 10th Jan highs of 18105. Spike rules will be in play at open tomorrow with the reference zone being 18077 to 18103.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range + Drive Up (OAIR + D)
- The Day type was a Normal Day (‘p’ profile with mini-spike)
- Largest volume was traded at 18048 F
- Vwap of the session was at 18037 with volumes of 84.6 L and range of 188 points as it made a High-Low of 18103-17916
- 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 18001-18048-18085
HVNs – 17976 / 18012** / 18108 / 18181
(** indicates series POC)
Business Areas for 18th Jan 2023:
Up
18105 – Selling Tail (10 Jan)
18141 – IB singles mid (10 Jan)
18178 – dPOC from 09 Jan
18227 – Selling Tail (04 Jan)
18265 – IB Singles Mid (04 Jan)
18324 – 3-day comp VAH
Down
18077 – Spike Low (17 Jan)
18037 – VWAP from 17 Jan
17973 – Buying Tail (17 Jan)
17920 – LVN from 16 Jan
17884 – HVN from 13 Jan
17844 – Buying Tail (13 Jan)
(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: 42341 [ 42489/ 41972 ]
BNF made a look down below PDL making a low of 42151 but was swiftly rejected back into previous day’s range as it left an A period buying tail till 42306 & went on to make a high of 42489 in the IB (Initial Balance) stalling right at the yVWAP of 42491 indicating supply coming back here.
The auction then made similar high of 42485 in the C period confirming that the upside was getting exhausted & this triggered an OTF (One Time Frame) probe lower till the I TPO where it made new weekly lows of 41972 completing the 1.5 IB objective but saw some short covering & demand coming back as could be seen in the responsive buying tail till 42032 & this in turn gave a quick bounce back to 42417 into the close forming a Normal Variation Day Down with mostly overlapping Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction (OA)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 42380 F
- Vwap of the session was at 42265 with volumes of 36.7 L and range of 517 points as it made a High-Low of 42489-41972
- 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 42181-42380-42480
HVNs – 42216 / 42342** / 43270 / 43391
(** indicates series POC)
Business Areas for 18th Jan 2023:
Up
42380 – dPOC from 17-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
42265 – VWAP from 17 Jan
42147 – LVN from 17 Jan
42062 – Buying tail (17 Jan)
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 )
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive
