Nifty Jan F: 17618 [ 17723 / 17502 ]
NF opened with a big gap down of 134 points and hit new lows of the week at 17542 in the A period as it took support just above the 3rd Jan extension handle of 17537 and gave a bounce to 17696 in the IB (Initial Balance) and remained in this large range of 154 points till the G period forming a Normal Day.
The auction then made a RE (Range Extension) to the upside in the H period as it hit 17723 but could not get into previous Value and gave a trending move lower once it got back into the IB as it confirmed a FA at top & completed the 1 ATR objective of 17538 while making a low of 17502 in the L period where the initiative buying singles from 17494 to 17410 was held resulting in a swift bounce back to 17654 into the close leaving a Neutral Centre Day with completely lower Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Neutral Day (NeuD)
- Largest volume was traded at 17646 F
- Vwap of the session was at 17619 with volumes of 126.9 L and range of 221 points as it made a High-Low of 17723-17502
- NF confirmed a FA at 17723 on 21/01 and tagged the 1 ATR objective of 17538 on the same day. The 2 ATR target comes to 17352.
- 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 17578-17646-17673
HVNs – 17400 / 17745 / 17817** / 17964 / 18237
(** indicates series POC)
Business Areas for 24th Jan 2022:
Up
17646 – dPOC from 21st Jan
17673 – VAH from 21st Jan
17723 – FA from 21st Jan
17754 – Weekly VAL
17798 – top of LVZ (20th Jan)
17819 – dPOC from 20th Jan
17868 – PBH from 20th Jan
17892 – Extension Handle from 20th Jan
Down
17619 – VWAP from 21st Jan
17578 – VAL from 21st Jan
17532 – Buying singles from 21st Jan
17494 – Initiative tail from 03rd Jan
17455 – Mid-point of singles
17412 – dPOC from 31st Dec
17368 – Buying Singles from 31st Dec
17316 – Mid-point of buying singles
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Dec F: 37598 [ 37814 / 37276 ]
BNF not only opened with a gap down of 277 points but continued to fall in the A period where it made a low of 37284 thereby completing the 1 ATR objective of 37339 from the weekly FA of 38966 and made marginal new lows of 37276 in the dreaded C side extension which was promptly rejected back into the IB and even led to the confirmation of a FA at lows as the auction made a RE to the upside in the H period as it made a high of 37814 but could not get into the low volume zone of 37850 to 37937 which triggered a quick fall back to the IBL over the next 4 TPOs as the L period matched the IBL of 37284 thereby holding the FA and this saw another express move to 37757 in the M period.
The day’s profile is a Neutral one with completelty lower Value with a close at the prominent TPO POC of 37600 which will be the reference for the next open along with the volume POC of 37429 & FA of 37276 on the downside.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Drive – Down (OD)
- The Day type was a Neutral Day (NeuD)
- Largest volume was traded at 37429 F
- Vwap of the session was at 37513 with volumes of 48.1 L and range of 538 points as it made a High-Low of 37814-37276
- BNF confirmed a FA at 37276 on 21/01 and the 1 ATR objective comes to 37887.
- 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 37327-37429-37599
HVNs – 37590 / 37762 / 38260** / 38350 / 38556 / 38850
(** indicates series POC)
Business Areas for 24th Jan 2022:
Up
37600 – TPO POC from 21st Jan
37704 – Weekly VAL
37887 – 1 ATR from FA of 37276
38008 – VPOC from 20th Jan
38176 – PBH from 20th Jan
38270 – Selling singles from 19th Jan
38412 – L TPO VWAP from 18th Jan (Supply)
Down
37566 – base of HVZ from 21st Jan
37429 – dPOC from 21st Jan
37276 – FA from 21st Jan
37201 – Buying singles from 05th Jan
37026 – Singles mid-point
36926 – dPOC from 04th Jan
36824 – VWAP from 04th 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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