Nifty Feb F: 17862 [ 18014 / 17835 ]
NF opened right at previous VWAP of 17964 and made a probe lower in the A period testing the lower HVN of 17916 as it made a low of 17907 but gave a swift bounce as it went on to make new highs for the day at 18014 in the B TPO leaving a similar kind of IB (Initial Balance) as it did in the previous session confirming a small selling tail.
The auction then probed lower making a RE (Range Extension) lower in the G period and followed it up an extension handle at 17895 in the I TPO as it tagged the weekly POC of 17865 and made a low of 17835 in the K which marked the end of the downmove for the day & saw the dPOC shift lower to 17864 into the close leaving a DD (Double Distribution) Trend Down profile.
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 Double Distribution Trend Day – Down (DD)
- Largest volume was traded at 17864 F
- Vwap of the session was at 17916 with volumes of 69.8 L and range of 179 points as it made a High-Low of 18014-17835
- The settlement day Roll Over point (Feb 2023) is 17985
- The VWAP & POC of Jan 2023 Series is 17923 & 18132 respectively.
- The VWAP & POC of Dec 2022 Series is 18337 & 18584 respectively.
- The VWAP & POC of Nov 2022 Series is 18295 & 18335 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 17836-17864-17951
HVNs – 17676 / 17796 / 17880** / 18240
(** indicates series POC)
Business Areas for 21st Feb 2023:
Up
17885 – Closing PBH (20 Feb)
17916 – DD VWAP (20 Feb)
17968 – HVN from 20 Feb
18000 – IB HVN (20 Feb)
18045 – dPOC from 15 Feb
18075 – VAL from 16 Feb
Down
17842 – Buying tail (20 Feb)
17801 – VPOC from 13 Feb
17764 – HVN from 13 Feb
17720 – HVN from 07 Feb
17680 – Weekly VPOC
17641 – Buying tail (03 Feb)
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Feb F: 40796 [ 41317/ 40636 ]
BNF made a test of previous day’s VWAP in the IB as it formed a narrow 199 point range with similar highs of 41308 & 41317 failing to get any fresh demand in this zone which gave the sellers once again a free hand as they took complete control starting with an extension handle at 41117 in the E period.
The auction made an OTF (One Time Frame) probe lower till the K TPO except giving a small PBH of 41025 in the I period as it not only completed the 3 IB objective of 40720 on the downside but went on to tag the weekly VPOC of 40636 (27th Jan to 02nd Feb) to the dot marking the end of the downside leaving a responsive buying tail till 40713 and bouncing back to 40850 before closing the day at 40796 leaving a Trend Day Down.
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 Trend Day – Down (TD)
- Largest volume was traded at 41173 F
- Vwap of the session was at 41039 with volumes of 35.9 L and range of 682 points as it made a High-Low of 41317-40636
- The settlement day Roll Over point (Feb 2023) is 41864
- The VWAP & POC of Jan 2023 Series is 41965 & 42320 respectively.
- The VWAP & POC of Dec 2022 Series is 43030 & 43128 respectively.
- The VWAP & POC of Nov 2022 Series is 42150 & 42959 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 40978-41173-41317
HVNs – 40600 / 40726 / 41482** / 41650 / 42115
(** indicates series POC)
Business Areas for 21st Feb 2023:
Up
40806 – Closing HVN (20 Feb)
40920 – Extension Handle (20 Feb)
41039 – Trend Day VWAP (20 Feb)
41173 – dPOC from 20 Feb
41283 – IB HVN (20 Feb)
41386 – Extension Handle (17 Feb)
41506 – VPOC from 17 Feb
Down
40761 – LVN from 20 Feb
40636 – Weekly VPOC (27Jan – 02Feb)
40541 – VPOC from 02 Feb
40470 – HVN from 02 Feb
40325 – Weekly 2 IB
40140 – Singles mid-point (02 Feb)
40014 – LVN from 30 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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