Nifty Jan F: 17974 [ 18110 / 17906 ]
NF opened lower right at the VPOC of 18083 and made an attempt to get back into previous day’s range which was rejected at 18110 indicating that the PLR (Path of Least Resistance) remained to the downside. The auction then went on to revisit the FA of 17995 while making a low of 17967 in IB (Initial Balance) and gave a bounce back to 18077 in the C for Dhoka period as it left a PBH there and continued the downside probe making multiple REs (Range Extension) with the G period making the biggest one as NF went on to make a low of 17906 stopping just above previous week’s low and settled down to form a ‘b’ shape profile for the day with a close at the prominent POC of 17976 which will be the reference for the next open.
Click here to view the latest profile in NF on MPLite
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- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 17976 F
- Vwap of the session was at 17990 with volumes of 92.7 L and range of 203 points as it made a High-Low of 18110-17906
- NF confirmed a FA at 17995 on 11/01 and almost tagged the 2 ATR objective of 18365 on 18/01. This FA got re-visited on 19/01 which was the ‘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 17911-17976-18015
HVNs – 17400 / 17745 / 17964 / 18237**
(** indicates series POC)
Business Areas for 20th Jan 2022:
Up
17976 – dPOC from 19th Jan
18015 – VAH from 19th Jan
18077 – Selling singles of 19th Jan
18130 – HVN from 18th Jan
18169 – Mid-point of selling singles
18201 – Extension Handle from 18th Jan
18235 – VWAP from 18th Jan
Down
17964 – 19th Jan profile anomaly
17911 – VAL from 19th Jan
17864 – VPOC from 07th Jan
17834 – Downside SOC from 07th Jan
17799 – 1 ATR from weekly FA of 18363
17760 – Buying Singles from 07th Jan
17725 – PBL 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 )
BankNifty Dec F: 38156 [ 38408 / 37850 ]
BNF also opened lower giving a rare follow up to a Neutral Extreme Day and almost tagged the singles mid-point of 37960 as it made a low of 37983 and gave a bounce back to 38244 in the IB stalling right below the important reference of 38251 but the C side turned out to be a whip for the weak shorts as the auction made a swipe to 38408 where the previous day’s supply point of 38412 came back into play resulting in a responsive selling tail from 38270 to 38408 and an OTF (One Time Frame) lower till the J period where it made a low of 37850 completing the 1.5 IB objective for the day. The K period however turned rebel as it got above VWAP and went on to tag the IBH of 38244 before closing around the dPOC of 38182 leaving a perfect Neutral Centre profile and a very good chance of a trending move in the next session.
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 Neutral Centre Day – Down (NeuC)
- Largest volume was traded at 38182 F
- Vwap of the session was at 38101 with volumes of 42.2 L and range of 559 points as it made a High-Low of 38408-37850
- 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 37997-38182-38236
HVNs – 37590 / 37762 / 38350** / 38434 / 38556 / 38850
(** indicates series POC)
Business Areas for 20th Jan 2022:
Up
38182 – NeuC POC from 19th Jan
38270 – Selling singles from 19th 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
Down
38101 – NeuC VWAP from 19th Jan
37997 – VAL from 19th Jan
37870 – PBL from 19th Jan
37798 – VPOC from 07th Jan
37645 – PBL from 07th Jan
37497 – VWAP from 06th Jan
37370 – HVN from 06th Jan
37225 – Buying singles 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 )
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