Nifty Mar F: 17158 [ 17392 / 17130 ]
NF made an OAIR (Open Auction In Range) start making a brief look up above PDH of 17385 as it hit 17392 but could not sustain triggering a 140+ points fall in the IB (Initial Balance) where it made a low of 17250 and left an initiative selling tail from 17315 to 17392 which was right at yPOC.
The auction then made a typical C side extension lower to 17231 and gave a swift move back to the day’s VWAP in the D & E periods but could only manage to leave a PBH at 17304 indicating that the PLR (Path of Least Resistance) was to the downside. NF went on to make a big RE (Range Extension) in the G TPO completing the 1.5 IB objective of 17179 and made new lows of 17143 in the H period which saw some profit booking by the shorts leading to the day’s second PBH at 17234 in the J TPO.
The inability to get above VWAP then triggered another probe to the downside over the next 2 periods as NF made new lows for the day at 17130 but once again saw profit booking by the shorts as the dPOC shifted lower to 17162 into the close. The day’s profile resembles a DD (Double Distribution) Trend Down one with completely lower Value & an initiative selling tail.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Vatiation Day – Down (NV)
- Largest volume was traded at 17163 F
- Vwap of the session was at 17235 with volumes of 93.1 L and range of 261 points as it made a High-Low of 17392-17130
- NF confirmed a FA at 16856 on 16/03 and tagged the 1 ATR objective of 17182 on 17/03. The 2 ATR objective comes to 17508.
- The settlement day Roll Over point (March 2022) is 16251
- The VWAP & POC of Feb 2022 Series is 17183 & 17409 respectively.
- The VWAP & POC of Jan 2022 Series is 17669 & 17703 respectively.
- The VWAP & POC of Dec 2021 Series is 17169 & 17240 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 17138-17163-17276
HVN – 16648
(** indicates series POC)
Business Areas for 22nd Mar 2022:
Up
17163 – dPOC from 21st Mar
17235 – VWAP / PBH from 21st Mar
17276 – VAH from 21st Mar
17316 – dPOC from 17th Mar
17367 – Selling singles (17th Mar)
17417 – Selling singles (18th Feb)
17447 – HVN from 17th Feb
17475 – PBH from 17th Feb
Down
17143 – Weekly IBL
17113 – Gap Mid-point (17th Mar)
17028 – Daily Extension Handle
16979 – Extension Handle (16th Mar)
16937 – NeuX VWAP from 16th Mar
16894 – Weekly 1.5 IB target
16856 – FA from 16th Mar
16825 – Monthly IBH
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Mar F: 36093 [ 36600 / 35941 ]
BNF gave the expected move away from the ultra prominent yPOC of 36482 with an ORR (Open Rejection Reverse) start to the downside as it swiped through previous day’s range & value in the A period itself and made new lows of 36135 in the B TPO.
The auction then made the dreaded C side extension to 36117 but was swiftly rejected back above the day’s VWAP but the bounce stopped right at the PDL of 36322 indicating that the morning sellers were still present and this in turn led to couple of fresh REs to the downside in the G & H periods where BNF made new lows for the day at 35941 but could not extend any further and formed a balance for the rest of the day rotating back to the dPOC of 36196 into the close forming a ‘b’ shape profile for the day with completely lower Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Rejection Reverse – Down (ORR)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 36196 F
- Vwap of the session was at 36161 with volumes of 38.8 L and range of 658 points as it made a High-Low of 36600-35941
- The settlement day Roll Over point (March 2022) is 35296
- The VWAP & POC of Feb 2022 Series is 37712 & 37712 respectively.
- The VWAP & POC of Jan 2022 Series is 37772 & 38232 respectively.
- The VWAP & POC of Dec 2021 Series is 36082 & 35100 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 36029-36196-36275
HVNs – 34561 / 34897** / 35070 / 35280 / 36453
(** indicates series POC)
Business Areas for 22nd Mar 2022:
Up
36161 – VWAP from 21st Mar
36325 – Selling Singles (21st Mar)
36482 – dPOC from 17th Mar
36612 – Daily Swing High (17th Mar)
36729 – Monthly IBH
36841 – Selling tail top (24th Feb)
36929 – Weekly 1.5 IB
37034 – Gap Mid-point
Down
36081 – LVN from 21st Mar
35962 – Buying singles (21st Mar)
35841 – Weekly profile singles
35685 – VPOC from 16th Mar
35571 – Previous week’s VWAP
35487 – VPOC from 15th Mar
35283 – Weekly 2 IB
35070 – HVN from 15th Mar
(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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