Nifty Apr F: 17229 [ 17286 / 17110 ]
NF opened with a big 300 point gap down and remained below the 29th Mar VPOC of 17291 as it continued to probe lower for the first part of the day breaking below both the PBLs of 17242 & 17213 from the NeuX Day of 28th Mar 2022 and testing the SOC of 17150 as it completed the 1.5 IB objective of 17127 in the H period where it made a low of 17110 stalling just above the HVN of 17104 indicating that the buyers from the NeuX profile were still defending this zone.
The auction then confirmed a small responsive buying tail from 17133 to 17110 indicating the end of the downside for the day & made a retracement back to 17257 leaving a well balanced 3-1-3 profile for the day with completely lower Value & with the dPOC shifting higher to 17244 into the close.
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 Variation Day – Down (3-1-3 profile)
- Largest volume was traded at 17244 F
- Vwap of the session was at 17210 with volumes of 102.6 L and range of 177 points as it made a High-Low of 17286-17110
- NF confirmed a multi-day FA at 17830 on 12/04 and tagged the 2 ATR objective of 17398 on 18/04. This FA is currently on ‘T+4’ Days.
- NF confirmed a FA at 18171 on 05/04 and tagged the 2 ATR objective of 17703 on 07/04. This FA has not been tagged & is now a positional reference.
- NF confirmed a FA at 17965 on 06/04 and tagged the 2 ATR objective of 17513 on 12/04. This FA has not been tagged & is now a positional reference..
- The settlement day Roll Over point (April 2022) is 17546
- The VWAP & POC of Mar 2022 Series is 16753 & 17255 respectively.
- The VWAP & POC of Feb 2022 Series is 17183 & 17409 respectively.
- The VWAP & POC of Jan 2022 Series is 17669 & 17703 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 17189-17244-17266
HVN – 17573 / 17722** / 17861 / 18065
(** indicates series POC)
Business Areas for 19th Apr 2022:
Up
17244 – dPOC from 18th Apr
17287 – Weekly IBH
17323 – Buying singles (29th Mar)
17370 – Gap Mid-point (18th Apr)
17436 – Extension Handle (Daily)
17476 – Monthly IBL
17522 – VPOC from 13th Apr
17609 – PBH from 13th Apr
Down
17227 – Minor SOC (18th Apr)
17190 – HVN from 18th Apr
17133 – Buying singles (18th Apr)
17077 – Buying singles (28th Mar)
17020 – Extension Handle (16th Mar)
16980 – VPOC from 16th Mar
16920 – Weekly VPOC
16858 – Buying Singles Low (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 Apr F: 36906 [ 37084 / 36555 ]
BNF signalled a move away from the 6-day balance it was forming with a huge 676 point gap down as it negated the 01st Apr extension handle of 37049 as well as the Trend Day VWAP of 36929 after which it also tagged the VPOC of 36822 while making a low of 36751 in the IB (Initial Balance).
The auction then gave a retracement above VWAP in the F period but left a PBH at 36992 before making a small RE (Range Extension) lower to 36725 in the G TPO and followed it up with up with a bigger RE in the H as it swiped through the mid-profile singles of 01st Apr & even tested that day’s initiative tail while making a low of 36555 stopping exactly at 31st Mar’s prominent dPOC. BNF then confirmed a buying tail from 36647 to 36555 signalling the end of the downside and got back into the IB even triggering a mini short covering squeeze to 37056 in the closing minutes which even saw the dPOC shifting higher to 36969 leaving a 3-1-3 profile on the daily with completely lower Value.
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 Variation Day – Down (3-1-3 profile)
- Largest volume was traded at 36969 F
- Vwap of the session was at 36852 with volumes of 40.9 L and range of 529 points as it made a High-Low of 37084-36555
- BNF confirmed a FA at 38780 on 05/04 and tagged the 2 ATR objective of 37423 on 07/04. This FA has not been tagged & is now a positional reference...
- The settlement day Roll Over point (Aril 2022) is 36550
- The VWAP & POC of Mar 2022 Series is 34992 & 35648 respectively.
- The VWAP & POC of Feb 2022 Series is 37712 & 37712 respectively.
- The VWAP & POC of Jan 2022 Series is 37772 & 38232 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 36762-36969-37005
HVN – 36799 / 37170 / 37723*** / 38437 / 38640
(** indicates series POC)
Business Areas for 19th Apr 2022:
Up
36969 – dPOC from 18th Apr
37070 – Selling Singles (18th Apr)
37238 – Gap Mid-point (18th Apr)
37400 – Extension Handle (Weekly)
37550 – HVN from 13th Apr
37694 – VPOC from 13th Apr
37789 – VWAP from 13th Apr
37946 – PBH from 13th Apr
Down
36852 – VWAP from 18th Apr
36647 – Buying singles (18th Apr)
36550 – Apr RO (Roll Over) Point
36450 – Buying singles (31st Mar)
36282 – Buying singles (30th Mar)
36153 – Selling singles (29th Mar)
36008 – VPOC from 29th Mar
35896 – SOC from 29th 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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