Nifty Jan F: 18124 [ 18363 / 18100 ]
NF opened higher hitting new highs for the series at 18363 but confirmed an ORR (Open Rejection Reverse) as it not only got back into previous day’s range leaving an initiative selling tail in the IB (Initial Balance) from 18300 to 18363 but even swiped through last week’s 3-day composite Value of 18188-18242-18266 with the help of a C side extension where it made a low of 18201 where it left a responsive buying tail at the weekly HVN of 18218. This triggered a short covering probe higher which gained in momentum as the auction scaled above VWAP in the E period and went on to get into the selling singles but stopped right below the yPOC of 18335 as it left a PBH at 18334 indicating that the morning sellers were firm and the subsequent break of VWAP late in the day led to a big liquidation move as NF left an extension handle at 18201 & went on to make a low of 18100 forming an oustide bar both in terms of range & value.
The immediate zone of singles from 18137 to 18201 will be the reference on the upside for the coming session(s) along with today’s VWAP of 18235 & dPOC of 18274 whereas to the downside, the auction gets weaker below the 11th Jan VPOC of 18083 for a probe towards the FA of 17995.
Click here to view the latest profile in NF on MPLite
-
- The NF Open was a Open Rejection Reverse – Down (ORR)
- The Day type was a Normal Variation Day – Down (with a Spike close)
- Largest volume was traded at 18274 F
- Vwap of the session was at 18235 with volumes of 104.3 L and range of 264 points as it made a High-Low of 18363-18100
- NF confirmed a FA at 17995 on 11/01 and almost tagged the 2 ATR objective of 18365 on 18/01. This FA is currently on ‘T+5′ Days.
- The settlement day Roll Over point (January 2022) is 17260
- The VWAP & POC of Dec Series is 17169 & 17240 respectively.
- The VWAP & POC of Nov Series is 17635 & 17961 respectively.
- The VWAP & POC of Oct Series is 18036 & 18155 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 18188-18274-18345
HVNs – 17400 / 17745 / 18237**
(** indicates series POC)
Business Areas for 19th Jan 2022:
Up
18130 – HVN from 18th Jan
18169 – Mid-point of selling singles
18201 – Extension Handle from 18th Jan
18235 – VWAP from 18th Jan
18274 – dPOC from 18th Jan
18312 – LVN from 18th Jan
18363 – Weekly FA
Down
18120 – LVN from 18th Jan
18083 – dPOC from 11th Jan
18033 – PBL from 11th Jan
17995 – FA from 11th Jan
17941 – Buying singles from 10th Jan
17898 – Singles mid-point
17864 – VPOC from 07th Jan
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Dec F: 38289 [ 38965 / 38149 ]
BNF made an OAIR (Open Auction In Range) start taking support at the yPOC of 38375 as it formed a very narrow 224 point range IB (Initial Balance) & left small tails at both ends and continued to coil in this range till the E period after which it made a good range expansion to the upside with the help of 3 extension handles at 38562 / 38590 & 38625 over the next 3 TPOs with the H period alone exceeding the IB range as it went up by 230 points and in the process completed the 2 IB target of 38786 for the day.
The auction then made new highs for the series at 38965 in the I TPO re-visiting the 12th Jan FA of 38957 but could not sustain above this FA point and left a small & important responsive selling tail indicating that the supply was getting stronger and this not only stopped the OTF (One Time Frame) probe higher since morning but led to a test of day’s VWAP in the L period which was broken triggering a huge liquidation break into to the close as BNF went on to make a RE to the downside and hit new lows for the week at 38149 leaving a Neutral Extreme (NeuX) Day. The NeuX zone on watch for the next open would be from 38149 to 38338 with today’s VWAP of 38555 being an important reference along with the SOC (Scene Of Crime) at 38772 on the upside.
Click here to view the latest profile in BNF on MPLite
-
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 38375 F
- Vwap of the session was at 38555 with volumes of 48.2 L and range of 817 points as it made a High-Low of 38965-38149
- BNF confirmed a multi-day FA at 38957 on 13/01 and tagged the 1 ATR target of 38328 on 14/01. The 2 ATR objective comes to 37698. This FA was tagged on 18/01 but once again auction saw supply coming back.
- The settlement day Roll Over point (January 2022) is 35240
- The VWAP & POC of Dec Series is 36082 & 35100 respectively.
- The VWAP & POC of Nov Series is 38047 & 39404 respectively.
- The VWAP & POC of Oct Series is 39368 & 41157 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 38360-38525-38821
HVNs – 37590 / 37762 / 38350 / 38434** / 38555
(** indicates series POC)
Business Areas for 19th Jan 2022:
Up
38338 – NeuX zone high from 18th Jan
38412 – L TPO VWAP from 18th Jan (Supply)
38555 – NeuX VWAP from 18th Jan
38625 – Weekly VAH
38772 – SOC from 18th Jan
38916 – Selling singles from 18th Jan
39062 – Top of selling tail
39219 – VWAP from 15th Nov
Down
38251 – Weekly IBL
38173 – Buying singles from 14th Jan
38063 – Buying singles from 11th Jan
37960 – Singles mid-point
37798 – VPOC from 07th Jan
37645 – PBL from 07th Jan
37497 – VWAP from 06th Jan
37370 – HVN from 06th Jan
(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
