Nifty Mar F: 17322 [ 17385 / 17188 ]
NF opened with a 200+ point gap up for the second successive day taking out the 21st Feb VPOC of 17208 and scaling above the daily swing high of 17255 as it went on to complete the the 1 ATR objective of 17270 from the weekly FA (Failed Auction) of 16556 while making a high of 17285 in the IB (Initial Balance).
The auction then went on to make a slow probe higher till the J period where it completed the 2 IB objective of the day at 17382 and saw some profit booking coming in which triggered a retracement back to the day’s VWAP and a PBL (Pull Back Low) at 17295 in the L TPO before closing the day around the dPOC of 17316 leaving a ‘p’ shape profile for the day.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range(OAOR)
- The Day type was a Normal Vatiation Day – Up (‘p’ shape profile)
- Largest volume was traded at 17316 F
- Vwap of the session was at 17298 with volumes of 131.3 L and range of 197 points as it made a High-Low of 17385-17188
- NF confirmed a FA at 16856 on 16/03 and tagged the 1 ATR objective of 17182 on 17/03. The 2 ATR objective comes to 17508.
- 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 17276-17316-17385
HVN – 16648
(** indicates series POC)
Business Areas for 21st Mar 2022:
Up
17367 – Selling singles (17th Mar)
17417 – Selling singles (18th Feb)
17447 – HVN from 17th Feb
17475 – PBH from 17th Feb
17522 – Selling singles (16th Feb)
17599 – Extension Handle (10th Feb)
17643 – VWAP from 10th Feb
17707 – 10th Feb Poor Highs
Down
17295 – closing PBL (17th Mar)
17247 – Extension Handle (17th Mar)
17215 – Buying Singles (17th Mar)
17183 – Feb Series VWAP
17113 – Gap Mid-point (17th Mar)
17028 – Daily Extension Handle
16979 – Extension Handle (16th Mar)
16937 – NeuX VWAP from 16th 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: 36432 [ 36612 / 36322 ]
BNF also opened with a second gap up of over 500 points in 2 days and continued to probe higher in the IB taking out the 2 daily VPOCs of 36191 & 36471 from 28th Feb & 25th Feb respectively while making a high of 36556 but after which remained in a very narrow range of only 200 points all day unable to make a meaningful RE (Range Extension) inspite of making multiple attempts leaving yet another Normal Day with completely higher Value & an ultra prominent POC at 36482 which will be the reference for a move away in the coming session.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Day (Bell Curve)
- Largest volume was traded at 36482 F
- Vwap of the session was at 36480 with volumes of 42.9 L and range of 290 points as it made a High-Low of 36612-36322
- 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 36421-36482-36539
HVNs – 34561 / 34897** / 35070 / 35280 / 36453
(** indicates series POC)
Business Areas for 21st Mar 2022:
Up
36482
36641
36841
37034
37125
37280
37385
37477
Down
36380
36191
36072
35861
35771
35685
35591
35487
(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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