Nifty Feb F: 17205 [ 17354 / 17081 ]
NF opened lower inside previous week’s DD (Double Distribution) singles & made an attempt to bounce but got rejected from just below yVAL of 17250 confirming an ORR (Open Rejection Reverse) as the auction negated the 2 extension handles of 17185 & 17125 from 15th Feb and went on to make a low of 17081 in the A period stopping just above the Trend Day VPOC of 17075 which marked the end of the downside for the day.
The C side then left a PBL (Pull Back Low) at 17104 and scaled up above the day’s VWAP triggering a short covering move along with an OTF (One Time Frame) probe for the next 5 TPOs as NF got back into the 3-day composite Value and tagged the composite VWAP of 17340 but left similar highs of 17354 in the H & I periods stalling just below the weekly HVN of 17359.
This lack of demand led to a liquidation move into the close as the auction broke below the day’s VWAP and went on to leave a closing PBL at 17175 in the K period settling down right at the dPOC of 17205 leaving a Normal Variation Day Up with overlapping to lower Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Rejection Reverse – Down (ORR which failed)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 17205 F
- Vwap of the session was at 17219 with volumes of 119.8 L and range of 273 points as it made a High-Low of 17354-17081
- The settlement day Roll Over point (February 2022) is 17165
- The VWAP & POC of Jan 2022 Series is 17669 & 17703 respectively.
- The VWAP & POC of Dec 2021 Series is 17169 & 17240 respectively.
- The VWAP & POC of Nov 2021 Series is 17635 & 17961 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 17168-17205-17330
HVN – 17353** / 17600
(** indicates series POC)
Business Areas for 22nd Feb 2022:
Up
17219 – VWAP from 21st Feb
17270 – SOC from 21st Feb
17330 – VAH from 21st Feb
17359 – Weekly HVN
17424 – Selling Singles (17th Feb)
17470 – Selling Singles (16th Feb)
17530 – Mid-point of selling tail
Down
17175 – closing PBL (21st Feb)
17104 – Buying Singles (21st Feb)
17075 – VPOC from 15th Feb
17017 – Extension Handle (15th Feb)
16980 – Extension Handle (15th Feb)
16917 – SOC from 15th Feb
16862 – Buying Singles (15th 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: 37657 [ 38059 / 37174 ]
BNF also opened lower & remained below the yPOC of 37584 in the IB as it went on to break below the weekly VAL of 37256 & make a low of 37174 in the A period. The auction however got back into previous week’s Value and made a big C side extension to the upside leaving an extension handle at 37557 and made an OTF probe till the G period where it completed the 2 IB objective of 37940 and got into the selling singles from 17th Feb & made a high of 38059 stalling below the 16th Feb VWAP of 38112.
The auction then left a PBH at 38041 in the I TPO confirming return of supply which triggered a retracement back to the yPOC of 37584 as BNF left a PBL at 37567 before closing the day at 37657 leaving an oustide bar on the daily in terms of the range along with overlapping to higher Value.
BNF now has a smoother 3-day balance with Value at 37516-37723-37885 and needs initiative volumes to 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 Rejection Reverse – Down (ORR which failed)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 37712 F
- Vwap of the session was at 37675 with volumes of 48.3 L and range of 885 points as it made a High-Low of 38059-37174
- BNF confirmed a FA at 38475 on 16/02 and tagged the 1 ATR objective of 37593 on 17/02. The 2 ATR target comes to 36711. This FA is on ‘T+4’ Days.
- BNF confirmed a FA at 36647 on 15/02 and tagged the 2 ATR objective of 38371 on 16/02. This FA is on ‘T+5’ Days.
- BNF confirmed a multi-day FA at 38826 on 14/02 and tagged the 2 ATR objective of 37155 on the same day. This FA has not been tagged and is now a positional reference.
- BNF confirmed a FA at 39540 on 03/02 and tagged the 2 ATR objective of 38067 on 07/02. This FA has not been tagged and is now a positional reference.
- The settlement day Roll Over point (February 2022) is 38240
- The VWAP & POC of Jan 2022 Series is 37772 & 38232 respectively.
- The VWAP & POC of Dec 2021 Series is 36082 & 35100 respectively.
- The VWAP & POC of Nov 2021 Series is 38047 & 39404 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 37578-37712-38035
HVN – 38075** / 38705 / 39270
(** indicates series POC)
Business Areas for 22nd Feb 2022:
Up
37712 – dPOC from 21st Feb
37888 – HVN from 21st Feb
38041 – PBH from 21st Feb
38112 – VWAP from 16th Feb
38237 – VAH from 16th Feb
38385 – Selling singles (16th Feb)
38480 – Weekly VPOC
38693 – VPOC from 11th Feb
Down
37567 – PBL from 21st Feb
37455 – SOC from 21st Feb
37234 – Buying Singles (21st Feb)
37110 – SOC from 15th Feb
37000 – SOC from 15th Feb
36886 – SOC from 15th Feb
36711 – 2 ATR from 38475
36647 – FA from 15th Feb
(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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