Nifty Apr F: 16969 [ 17314 / 16843 ]
NF opened higher and made a look up above PDH (Previous Day High) of 17287 but could not sustain getting back into previous Value triggering the 80% Rule as it made a low of 17202 in the A period and began to coil in a narrow range of just 98 points for most part of the day as it made similar lows of 17202 & 17201 in the D & H periods indicating lack of supply.
The auction then made a RE (Range Extension) to the upside in the J TPO as it made new highs of 17314 confirming a FA at 17201 but there was no fresh demand seen which forced it back into the IB and this empowered the sellers to strike in full force late into the day as they not only negated the FA of 17201 but left an extension handle there confirming a new FA at day’s high but celebrating the IPL season completed one of the fastest move to the 2 ATR objective of 16933 as it hit the weekly VPOC of 16920 and continued to drop making a low of 17843 with the fall getting more emotional into the close.
Today’s profile is a Neutral Extreme Down one with a big zone of selling singles from 17009 to 17201 which will be the reference on the upside with today’s VWAP of 17143 inside it and on the downside, NF remains weak below 16953 for a test of 16800 & 16635 in the coming sessions.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction (OA)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 17233 F
- Vwap of the session was at 17143 with volumes of 136.4 L and range of 471 points as it made a High-Low of 17314-16843
- NF confirmed a FA at 17314 on 19/04 and tagged the 2 ATR objective of 16933 on the same day itself.
- 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+5’ 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 17085-17233-17313
HVN – 17573 / 17731** / 17861 / 18065
(** indicates series POC)
Business Areas for 20th Apr 2022:
Up
17009 – Mid-profile singles (19th Apr)
17077 – Buying singles (28th Mar)
17110 – Daily Extension Handle
17143 – NeuX VWAP (19th Apr)
17201 – Extension Handle (19th Apr)
17244 – SOC from 19th Apr
17276 – HVN from 19th Apr
17314 – Daily plus Weekly FA
Down
16953 – Buying singles (19th Apr)
16910 – M TPO VWAP (19th Apr)
16869 – M TPO POC (19th Apr)
16800 – NeuX VWAP (15th Mar)
16753 – Mar Series VWAP
16698 – Gap low (16th Mar)
16650 – Buying singles (15th Mar)
16609 – Daily Swing Low (15th 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: 36403 [ 37229 / 35970 ]
BNF also opened slightly higher but settled down into an OAIR (Open Auction In Range) as it remained in previous Value after making a high of 37043 as it went on to make a low of 36746 in the IB (Initial Balance) taking support around yVAL of 36762 after which it made a typical C side extension hitting marginal new lows of 36733 which was swiftly rejected back into the IB.
The auction then made a slow probe higher till the G period where it made a RE (Range Extension) to the upside and tagged 37080 confirming a FA (Failed Auction) at 36733 but could not take out the PDH triggering a move back to test the day’s VWAP in the H TPO where it left a PBL (Pull Back Low) at 36819. This defense of VWAP meant that the buyers were very much in the game & they went on to make a fresh RE to the upside in the I period followed by a higher high of 37229 in the J as it completed the 1.5 IB objective for the day but stalled just below the Gap Mid-point level of 37238 indicating supply coming back in this zone.
BNF then left a small responsive selling tail while forming a rare narrow range K period but the break of VWAP in the ‘L’ TPO led to a huge liquidation break into the close as it not only left an extension handle at 36733 negating the FA there but also completed the 1 ATR objective to the downside of 36123 in a flash and went on to tag the 29th Mar VPOC of 36008 while making a low of 35970 into the close leaving a Neutral Extreme Day Down.
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 36930 F
- Vwap of the session was at 36792 with volumes of 52 L and range of 1259 points as it made a High-Low of 37239-35970
- 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 36744-36930-37203
HVN – 36799 / 37170 / 37734*** / 38437 / 38640
(** indicates series POC)
Business Areas for 20th Apr 2022:
Up
36470 – Mid-profile singles (19th Apr)
36666 – L TPO VWAP (19th Apr)
36792 – NeuX VWAP (19th Apr)
36930 – dPOC from 19th Apr
37014 – SOC from 19th Apr
37182 – Selling singles (19th Apr)
37400 – Extension Handle (Weekly)
37550 – HVN from 13th Apr
Down
36344 – Buying singles (19th Apr)
36211 – M TPO VWAP (19th Apr)
36027 – Weekly 2 IB objective
35896 – SOC from 29th Mar
35780 – Buying singles (29th Mar)
35591 – NeuX VWAP (28th Mar)
35446 – SOC from 28th Mar
35292 – VPOC from 28th 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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