Nifty Apr F: 17177 [ 17321 / 17156 ]
NF opened lower by 185 points negating previous session’s extension handle of 17295 but settled down into an OA (Open Auction) as it formed a very narrow IB (Initial Balance) range of just 63 points.
The auction further coiled in the C period forming an inside bar after which it made a RE (Range Extension) higher in the D TPO leaving an EH (Extension Handle) at 17263 and made new highs of 17321 in the E falling just short of 2 IB objective of 17326. NF remained above VWAP and morning’s EH making another attempt to probe higher in the I period but could only manage 17318 and this failure of the buyers to extend led to a big liquidation move into the close not only negating the EH of 17263 but went on to make multiple REs lower as it tagged 17156 leaving a Neutral Extreme Down Day with completely lower Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction (OA)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 17221 F
- Vwap of the session was at 17232 with volumes of 101.8 L and range of 165 points as it made a High-Low of 17321-17156
- NF confirmed a multi-day FA at 17830 on 12/04 and tagged the 2 ATR objective of 17398 on 18/04. This FA has not been tagged & is now a positional reference.
- NF confirmed a FA at 17965 on 06/04 and tagged the 2 ATR objective of 17513 on 12/04. This FA has not been tagged & is now a positional reference..
- NF confirmed a FA at 18171 on 05/04 and tagged the 2 ATR objective of 17703 on 07/04. This FA has not been tagged & is now a positional reference.
- The settlement day Roll Over point (April 2022) is 17546
- The VWAP & POC of Mar 2022 Series is 16753 & 17255 respectively.
- The VWAP & POC of Feb 2022 Series is 17183 & 17409 respectively.
- The VWAP & POC of Jan 2022 Series is 17669 & 17703 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 17164-17221-17253
HVN – 17573 / 17731** / 17861 / 18065
(** indicates series POC)
Business Areas for 25th Apr 2022:
Up
17200 – NeuX zone from 22nd Apr
17263 – SOC from 22nd Apr
17318 – PBH from 22nd Apr
17353 – VWAP from 21st Apr
17411 – VPOC from 21st Apr
17476 – Monthly IBL
17522 – VPOC from 13th Apr
17587 – VWAP from 13th Apr
Down
17137 – VPOC from 20th Apr
17079 – Buying Singles (20th Apr)
17009 – Mid-profile singles (19th Apr)
16953 – Buying singles (19th Apr)
16910 – M TPO VWAP (19th Apr)
16869 – M TPO POC (19th Apr)
16800 – NeuX VWAP (15th Mar)
16753 – Mar 2022 Series VWAP
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Apr F: 36094 [ 36700 / 36031 ]
BNF also opened with a gap down of 280 points well below the first reference of the NeuX VWAP of 36733 and went on to negate the FA of 36477 as it left an initiative selling tail in the IB from 36438 to 36700 indicating that the PLR (Path of Least Resistance) was firmly to the downside.
The auction then made a typical C side extension lower hitting marginal new lows of 36312 triggering a retracement above VWAP in the D period as it entered the morning singles but could only manage to leave a PBH at 36487 after which it remained in a narrow range till the I TPO forming a ‘b’ shape profile for the day before the J TPO started a fresh imbalance by leaving an EH (Extension Handle) at 36312 and dropping to 36031 into the close leaving a DD (Double Distribution) type profile with completely lower value for the day.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Test Drive – Down (OTD)
- The Day type was a Normal Variation Day – Down (DD type profile)
- Largest volume was traded at 36394 F
- Vwap of the session was at 36309 with volumes of 41L and range of 669 points as it made a High-Low of 36700-36031
- BNF confirmed a FA at 36477 on 21/04 and the 1 ATR objective comes to 37111. This FA got negated on 22/04 and the 1 ATR to the downside comes to 35845.
- BNF confirmed a FA at 38780 on 05/04 and tagged the 2 ATR objective of 37423 on 07/04. This FA has not been tagged & is now a positional reference.
- The settlement day Roll Over point (Aril 2022) is 36550
- The VWAP & POC of Mar 2022 Series is 34992 & 35648 respectively.
- The VWAP & POC of Feb 2022 Series is 37712 & 37712 respectively.
- The VWAP & POC of Jan 2022 Series is 37772 & 38232 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 36149-36394-36496
HVN – 36799 / 37170 / 37730*** / 38437 / 38640
(** indicates series POC)
Business Areas for 25th Apr 2022:
Up
36120 – HVN from 22nd Apr
36312 – Extension Handle (22nd Apr)
36487 – Selling singles (22nd Apr)
36662 – prominent POC from 21st Apr
36778 – Extension Handle (21st Apr)
36930 – Selling singles (21st Apr)
37070 – SOC from 19th Apr
37229 – Weekly FA
37400 – Extension Handle (Weekly)
Down
36045 – Buying singles (22nd Apr)
35896 – SOC from 29th Mar
35780 – Buying singles (29th Mar)
35591 – NeuX VWAP (28th Mar)
35446 – SOC from 28th Mar
35293 – VPOC from 28th Mar
34992 – Mar Series VWAP
34800 – Buying singles (14th 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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