Nifty Jan F: 17804 [ 17969 / 17694 ]
NF made an OA (Open Auction) start but remained below the yPOC of 17976 which meant that the PLR continued to remain to the downside which was further confirmed by an extension handle at 17892 inside the IB itself after which it went on to make a rare successful C side extension tagging the 7th Jan VPOC of 17864 and followed it up with lower lows in the next 2 TPOs to hit 17804 almost completing the 1 ATR objective of the weekly FA of 18363.
The auction then gave a bounce back to VWAP in the G period but left a PBH at 17868 indicating that the downside probe was still not complete and saw a resumption of the OTF (One Time Frame) move lower as it left another extension handle at 17802 and went on to break below the weekly VPOC of 17750 and almost completed the 3 IB objective for the day while making a low of 17694 stalling right at the initiative buying singles from 4th Jan which not only marked the end of the down move but also triggered a big short covering bounce back to the day’s VWAP into the close leaving an elongated profile with a low volume zone from 17798 to 17747.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction (OA)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 17819 F
- Vwap of the session was at 17816 with volumes of 107.1 L and range of 274 points as it made a High-Low of 17969-17694
- 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 17736-17819-17886
HVNs – 17400 / 17745 / 17817** / 17964 / 18237
(** indicates series POC)
Business Areas for 21st Jan 2022:
Up
17819 – dPOC from 20th Jan
17868 – PBH from 20th Jan
17892 – Extension Handle from 20th Jan
17939 – Selling singles from 20th Jan
17976 – VPOC from 19th Jan
18015 – VAH from 19th Jan
18077 – Selling singles of 19th Jan
Down
17798 – Low volume zone top
17747 – Low volume zone base
17703 – Buying singles from 20th Jan
17675 – dPOC from 03rd Jan
17631 – Extension Handle from 03rd Jan
17591 – Trend Day VWAP from 03rd Jan
17560 – HVN from 03rd 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: 37978 [ 38265 / 37688 ]
BNF opened higher but confirmed an OAIR (Open Auction In Range) start with very low volumes as it stalled just below previous day’s selling singles from 38270 to 37408 indicating that the upside was capped triggering an OTF probe lower till the E period as it completed the 80% Rule in previous Value & made a low of 37937.
The auction then attempted the 80% Rule to the upside as it probed higher till the H period but got rejected from just below the yPOC of 38182 as it left a PBH at 38176 and started a fresh imbalance to the downside leaving an extension handle at 37937 & tagging the weekly VPOC of 37800 which was also the 2 IB objective for the day and continued to fall further to 37688 stopping just above the 3-day composite VWAP of 36663 (05th-07th Jan).
Similar to NF, BNF also gave a good short covering bounce to the day’s VWAP into the close as it negated the extension handle and made a high of 38061 before closing around the day’s VWAP of 37985 forming a day with overlapping Value and the 2-day composite gives a nice Gaussian profile from 37949-38003-38201 and would be the reference for the next session.
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 Normal Variation Day – Down (NV)
- Largest volume was traded at 38008 F
- Vwap of the session was at 37985 with volumes of 39.3 L and range of 577 points as it made a High-Low of 38265-37688
- 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 37919-38008-38236
HVNs – 37590 / 37762 / 38350** / 38434 / 38556 / 38850
(** indicates series POC)
Business Areas for 21st Jan 2022:
Up
38061 – closing PBH from 20th Jan
38176 – PBH from 20th 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
Down
37949 – 2-day composite VAL
37850 – LVZ base from 20th Jan
37707 – Buying singles from 20th Jan
37567 – Monthly IBH
37497 – VWAP from 06th Jan
37370 – HVN from 06th Jan
37225 – Buying singles from 06th Jan
37026 – Singles mid-point
(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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