Nifty Jan F: 18199 [ 18224 / 18071 ]
NF opened higher but tested the spike zone of 18103 to 18077 while making a low of 18071 where it got swiftly rejected leading to an initiative buying tail till 18125 in the IB (Initial Balance) and an One Time Frame (OTF) probe higher till the F period where it tagged the 09th Jan POC of 18178 & completed the 1.5 IB objective of 18204 while making a high of 18213.
The auction then turned into a balance mode for the rest of the day building volumes at the 18200 level and left similar highs of 18224 in the I / J & L TPOs stalling just below the 04th Jan Selling Tail leaving yet another ‘p’ shape profile with completely higher Value. Today’s VWAP of 18169 & the Buying singles from 18125 will be the important swing references going forward.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction (OA)
- The Day type was a Normal Variation Day – Up (‘p’ shape profile)
- Largest volume was traded at 18198 F
- Vwap of the session was at 18169 with volumes of 69.5 L and range of 153 points as it made a High-Low of 18224-18071
- 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 18147-18198-18223
HVNs – 17976 / 18012** / 18108 / 18181
(** indicates series POC)
Business Areas for 19th Jan 2023:
Up
18227 – Selling Tail (04 Jan)
18265 – IB Singles Mid (04 Jan)
18308 – LVN from 03 Jan
18341 – Weekly 2 IB
18374 – Monthly IBH
18404 – IB HVN (22 Dec)
Down
18198 – dPOC from 18 Jan
18163 – Extension Handle
18125 – Buying Tail (18 Jan)
18088 – Monthly IBL
18048 – VPOC from 17 Jan
18000 – LVN from 17 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: 42523 [ 42611/ 42216 ]
BNF started with an OH (Open=High) start at 42401 & seemed to be giving a Drive Down from the yPOC of 42380 as it made a quick drop to 42216 but got some good short covering plus fresh demand at the break of yVWAP resulting in a swift reversal to the upside as the OH got negated in the A period itself & went on to scale above 16th Jan VWAP of 42491 making a high of 42550 in the IB (Initial Balance).
The auction then made a RE to the upside in the E TPO tagging the weekly IBH of 42595 while hitting new highs of 42611 but could not sustain above it and formed a nice balance for the rest of the day leaving a perfect ‘p’ shape profile & a Normal Day with a close near the prominent POC of 42509 and will need initiative volumes for a move away from here in the next session.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction in Range (OAIR)
- The Day type was a Normal Day (‘p’ shape profile)
- Largest volume was traded at 42509 F
- Vwap of the session was at 42481 with volumes of 30.2 L and range of 395 points as it made a High-Low of 42611-42216
- 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 42462-42509-42584
HVNs – 42216 / 42336 / 42468** / 43392
(** indicates series POC)
Business Areas for 19th Jan 2023:
Up
42595 – Selling Tail (18 Jan)
42726 – Selling Tail (16 Jan)
42831 – HVN from 09 Jan
42939 – HVN from 05 Jan
43075 – Selling Tail (05 Jan)
43187 – IB singles mid
Down
42509 – dPOC from 18 Jan
42417 – Buying Tail (18 Jan)
42316 – IB Singles Mid (18 Jan)
42147 – LVN from 17 Jan
42062 – Buying tail (17 Jan)
41940 – Buying tail (12 Jan)
41869 – 26th Dec Swing Low
(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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