Nifty Apr F: 17162 [ 17220 / 16996 ]
NF opened higher & left a long initiative buying tail in the IB to confirm that previous day’s sell-off was indeed emotional as it formed Value in the mid-profile singles zone from 17009 to 17201 and got rejected in the attempt to probe higher as it left a small responsive tail from 17199 to 17220 leaving a ‘p’ shape profile for the day with completely inside Value & Range with a prominent TPO POC at 17128 which will be the reference for the next open.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OA)
- The Day type was a Normal Variation Day – Up (‘p’ shape profile)
- Largest volume was traded at 17137 F
- Vwap of the session was at 17130 with volumes of 116.6 L and range of 223 points as it made a High-Low of 17220-16996
- 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 17089-17137-17168
HVN – 17573 / 17731** / 17861 / 18065
(** indicates series POC)
Business Areas for 21st Apr 2022:
Up
17192 – PBH from 20th Apr
17244 – SOC from 19th Apr
17276 – HVN from 19th Apr
17314 – Daily plus Weekly FA
17370 – Gap Mid-point (18th Apr)
17436 – Extension Handle (Daily)
17476 – Monthly IBL
17522 – VPOC from 13th Apr
Down
17130 – VWAP from 20th Apr
17079 – Buying Singles (20th Apr)
17009 – Mid-profile singles (19th Apr)
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
(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: 36422 [ 36619 / 36175 ]
BNF remained in a narrow 444 point range all day forming an expected balanced profile after previous day’s imbalance to the downside as it first left poor highs at 36614 & 36619 after which got rejected on the downside too where it left a small responsive buying tail from 36230 to 36175 to leave a nice Gaussian profile & a Neutral Centre Day with a close around the prominent POC of 36442 from where it could start a fresh imbalance in the coming session(s).
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 Centre Day (NeuC)
- Largest volume was traded at 36442 F
- Vwap of the session was at 36419 with volumes of 45.8 L and range of 444 points as it made a High-Low of 36619-36175
- 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 36331-36442-36506
HVN – 36799 / 37170 / 37734*** / 38437 / 38640
(** indicates series POC)
Business Areas for 21st Apr 2022:
Up
36442 – dPOC from 20th Apr
36558 – PBH from 20th 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)
Down
36419 – VWAP from 20th Apr
36230 – Buying singles (20th 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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