Nifty Jan F: 18055 [ 18170 / 18036 ]
NF made an OAIR (Open Auction In Range) start and made an attempt to probe lower in the A period but stalled right at the buying tail of 18084 and made a similar low in B which then rebelled & reversed the probe to the upside making new highs for the day at 18150 and followed it up with a C side extension to 18170.
The auction then made a similar high in the D period too indicating exhaustion creeping in and this triggered a fresh move lower for the rest of the day confirming a FA (Failed Auction) at top and tagging teh 17th Jan VPOC of 18048 & stopping right at that day’s VWAP of 18037 as the shorts booked profits bringing the dPOC down to 18056 leaving a Neutral Centre Day with mostly lower Value.
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 Neutral Centre Day (NeuC)
- Largest volume was traded at 18056 F
- Vwap of the session was at 18103 with volumes of 69 L and range of 135 points as it made a High-Low of 18170-18036
- NF confirmed a FA at 18170 on 20/01 and the 1 ATR target comes to 17978.
- 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 18040-18056-18126
HVNs – 17976 / 18012 / 18108** / 18181
(** indicates series POC)
Business Areas for 23rd Jan 2023:
Up
18061 – Weekly IBL
18103 – 20 Jan VWAP
18148 – HVN from 20 Jan
18198 – VPOC from 18 Jan
18227 – Selling Tail (04 Jan)
18265 – IB Singles Mid (04 Jan)
18324 – 3-day VAH
Down
18042 – Buying tail (20 Jan)
18000 – LVN from 17 Jan
17946 – dPOC from 16 Jan
17897 – Buying tail (16 Jan)
17844 – Buying Tail (13 Jan)
17784 – 2 ATR from 18170
(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: 42542 [ 42709/ 42335 ]
BNF opened higher and made a quick test to the downside testing the Neutral Centre POC of 42350 getting swiftly rejected from 42335 confirming an Open Drive Up on average volumes as it went on to make a high of 42675 in the Initial Balance leaving an A period buying tail from 42533 to 42335 but made the dreaded C side extension to 42709 stalling just below the 16th Jan Selling Tail of 42726 which marked the top for the day.
The auction then made a slow rotation down to 42536 in the F TPO getting some demand back just above the morning singles but ended up leaving a PBH at 42666 in the G indicating that the supply too was adding in this zone which resulted in a test of the buying singles in the K period where it made a low of 42510 before closing around the dPOC of 42543 leaving a ‘p’ shape short covering profile & a Normal Day with completely higher Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Drive – Up (OD on average volumes)
- The Day type was a Normal Day (‘p’ shape profile)
- Largest volume was traded at 42543 F
- Vwap of the session was at 42584 with volumes of 29.3 L and range of 374 points as it made a High-Low of 42709-42335
- 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 42525-42543-42643
HVNs – 42216 / 42342** / 42468 / 43392
(** indicates series POC)
Business Areas for 23rd Jan 2023:
Up
42543 – dPOC from 20 Jan
42666 – PBH from 20 Jan
42726 – Selling Tail (16 Jan)
42831 – HVN from 09 Jan
42939 – HVN from 05 Jan
43075 – Selling Tail (05 Jan)
Down
42510 – Buying Tail (20 Jan)
42350 – dPOC from 19 Jan
42246 – LVN from 19 Jan
42147 – LVN from 17 Jan
42062 – Buying tail (17 Jan)
41940 – Buying tail (12 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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