Nifty Jan F: 18113 [ 18177 / 18081 ]
NF opened & stayed below yVWAP of 18169 forming a narrow 97 point range inside bar & a Normal Day representing a nice Gaussian Curve building Value in the low volume zone of previous session and between the 2 VPOCs of 18198 & 18048 so will need initaitive volumes to break & move towards one of them in the coming session(s).
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Day (Gaussian Curve)
- Largest volume was traded at 18111 F
- Vwap of the session was at 18129 with volumes of 69.1 L and range of 97 points as it made a High-Low of 18177-18081
- 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 18108-18111-18152
HVNs – 17976 / 18012 / 18108** / 18181
(** indicates series POC)
NF Weekly Settlement Profile (13th to 19th Jan 2023)
18113 [ 18224 / 17835 ]
- Friday – NF opened the week with an attempt to move away from previous Value as it left an initiative selling tail in the A period from 17881 to 17940 but could only tag 17835 holding previous week’s low after which it not only got back into the well balanced weekly profile but completed the 80% Rule with the help of a Double Distribution (DD) Trend Day is it made a high of 18088 but could not sustain above the weekly VAH of 18072
- Monday – began with another attempt to get above the weekly VAH marking new highs of the week at 18097 but yet again the auction got rejected back into the balance and filled up the DD profile’s low volume zone forming a ‘b’ shape profile for the day with a close at the dPOC of 17946
- Tuesday – The ‘b’ shape profile indicated poor trade facilitation & the inventory going too short resulting in a ‘p’ shape short covering profile for the day as NF move away from yPOC with an initiative tail from 17973 to 17916 and formed a prominent POC at 18048 before closing in a mini-spike from 18077 to 18103
- Wednesday – saw continuation of the late imbalance to the upside with another A period buying tail from 18125 to 18071 after which the auction left an extension handle at 18163 but stalled at 18224 just below 04th Jan Selling Tail & settled down to form a nice balance higher for the rest of the day leaving yet another ‘p’ shape profile with a close right at the promient POC of 18198
- Thursday – Just as the ‘b’ shape profile indicates short term exhaustion on the downside, the ‘p’ shape was hinting at market getting too long and this led to a lower open and a narrow 97 point range Gaussian Curve forming Value in previous session’s low volume zone between the 2 daily VPOCs of 18198 & 18048
The weekly profile is a Normal Variation one to the upside though range wise it has formed an inside bar with overlapping to higher Value at 17961-18015-18150 showing that the balance which started last week has continued and NF is currently in Neutral Zone waiting for a fresh imbalance to start on the higher timeframe.
Click here to view this week’s daily profiles in NF on MPLite
Business Areas for 20th Jan 2023:
Up
18129 – VWAP from 19 Jan
18162 – PBH from 19 Jan
18198 – VPOC from 18 Jan
18227 – Selling Tail (04 Jan)
18265 – IB Singles Mid (04 Jan)
18324 – 3-day VAH
Down
18111 – dPOC from 19 Jan
18084 – Buying Tail (19 Jan)
18048 – VPOC from 17 Jan
18000 – LVN from 17 Jan
17946 – dPOC from 16 Jan
17897 – Buying tail (16 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: 42350 [ 42558/ 42281 ]
BNF also opened lower & got rejected twice from the probe to the yPOC of 42509 as it left a small selling tail from 42532 to 42558 with a failed D side RE to the upside but found some demand coming back in yesterday’s buying tail as it could only manage a low of 42281 forming an inside bar & a Neutral Centre Day closing right at the dPOC of 42350 looking set to give a move away from here in the coming session(s).
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 Neutral Centre Day (NeuC)
- Largest volume was traded at 42350 F
- Vwap of the session was at 42391 with volumes of 26.3 L and range of 277 points as it made a High-Low of 42558-42281
- 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 42338-42350-42443
HVNs – 42216 / 42360** / 42468 / 43392
(** indicates series POC)
BNF Weekly Settlement Profile (13th to 19th Jan 2023)
42350 [ 42805 / 41972 ]
BNF has formed a narrow 832 point range inside bar on the weekly forming a Balance and a 3-1-3 Neutral Centre profile with moslty overlapping Value at 42273-42345-42573 with an initaitive selling tail from 42726 to 42805 and a responsive buying one from 42062 to 41972 and has a good chance of moving away from this 2-week balance in the coming week.
Click here to view this week’s daily profiles in BNF on MPLite
Business Areas for 20th Jan 2023:
Up
42350 – dPOC from 19 Jan
42449 – PBH from 19 Jan
42532 – Selling tail (19 Jan)
42611 – 18 Jan Swing High
42726 – Selling Tail (16 Jan)
42831 – HVN from 09 Jan
42939 – HVN from 05 Jan
Down
42293 – Buying tail (19 Jan)
42147 – LVN from 17 Jan
42062 – Buying tail (17 Jan)
41940 – Buying tail (12 Jan)
41869 – 26th Dec Swing Low
41720 – Weekly 1 ATR (42805)
(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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