Nifty Feb F: 17840 [ 17932 / 17801 ]
NF made an OAIR start and filled up the low volume zone of the DD profile and even tagged yVWAP of 17916 in the IB but made the dreaded C side extension to 17932 which was swiftly rejected not only triggering a probe down to the day’s VWAP but also made couple of small REs to the downside in the G, K & L periods as it tagged the 13th Feb VPOC of 17801 and saw some demand coming back giving a bounce back to 17858 into the close leaving a Neutral Centre Day with mostly overlapping 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 17842 F
- Vwap of the session was at 17867 with volumes of 74.7 L and range of 131 points as it made a High-Low of 17932-17801
- 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 17824-17842-17891
HVNs – 17676 / 17796 / 17880** / 18240
(** indicates series POC)
Business Areas for 22nd Feb 2023:
Up
17858 – Closing PBH (21 Feb)
17896 – PBH from 21 Feb
17925 – Selling tail (21 Feb)
17968 – HVN from 20 Feb
18000 – IB HVN (20 Feb)
18045 – dPOC from 15 Feb
Down
17842 – dPOC from 21 Feb
17800 – VWAP 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: 40711 [ 40985/ 40550 ]
BNF started with a probe lower as it negated previous day’s buying tail and made new lows for the week at 40550 almost tagging 02nd Feb’s VPOC of 40541 but failed to get fresh supply in this zone triggering a sharp bounce higher to 40834 in the B period which was followed by a C side extension to 40950.
The auction then made another attemopt to probe higher in the E period but could only manage marginal new highs of 40985 & left a small responsive selling tail triggering a move back into the IB & a break below day’s VWAP as it first left similar lows at 40652 & 40647 in the G & H TPOs and then went on to make a lower low of 40615 in the K where it took support just above the A period buying tail of 40608 and went on to bounce back to 40812 into the close leaving a balanced profile with completely lower Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction (OA)
- The Day Type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 40669 F
- Vwap of the session was at 40751 with volumes of 40.1 L and range of 435 points as it made a High-Low of 40985-40550
- 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 40622-40669-40794
HVNs – 40600 / 40726 / 41482** / 41650 / 42115
(** indicates series POC)
Business Areas for 22nd Feb 2023:
Up
40734 – Closing LVN (21 Feb)
40834 – SOC from 21 Feb
40950 – Selling tail (21 Feb)
41039 – Trend Day VWAP (20 Feb)
41173 – dPOC from 20 Feb
41283 – IB HVN (20 Feb)
Down
40669 – dPOC from 21 Feb
40541 – VPOC from 02 Feb
40470 – HVN from 02 Feb
40325 – Weekly 2 IB
40140 – Singles mid-point (02 Feb)
40015 – 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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