Nifty Jan F: 18148 [ 18194 / 18091 ]
NF opened higher well above yVWAP of 18103 & made an initial probe lower as it made a low of 18091 but was swiftly rejected leaving an A period buying tail till 18158 and went on to make a high of 18194 in the B stopping just below 18th Jan’s VPOC of 18198.
The auction however failed to make a Range Extension to the upside & remained in the IB (Initial Balance) all day forming a narrow range Normal Day and is in the process of completing a nice multi-day balance with the 4-day composite Value at 18096-18148-18172 and has closed right at the prominent POC and could fill the upper zone in the coming session(s) before a move away to a fresh imbalance. (Click here to view the 4-day composite chart on MPLite)
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 Normal Day (N)
- Largest volume was traded at 18158 F
- Vwap of the session was at 18152 with volumes of 66.4 L and range of 103 points as it made a High-Low of 18193-18091
- NF confirmed a FA at 18170 on 20/01 and the 1 ATR target comes to 17978. This FA got re-visited the very next day hence is no longer a valid reference.
- The settlement day Roll Over point (Jan 2023) is 18299
- The VWAP & POC of Dec 2022 Series is 18337 & 18584 respectively.
- The VWAP & POC of Nov 2022 Series is 18295 & 18335 respectively.
- The VWAP & POC of Oct 2022 Series is 17350 & 17260 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 18114-18158-18167
HVNs – 17976 / 18012 / 18108 / 18144** / 18181
(** indicates series POC)
Business Areas for 24th Jan 2023:
Up
18158 – dPOC from 23 Jan
18198 – VPOC from 18 Jan
18227 – Selling Tail (04 Jan)
18265 – IB Singles Mid (04 Jan)
18324 – 3-day VAH
18374 – Monthly IBH
Down
18148 – 4-day comp POC
18112 – Buying Tail (23 Jan)
18056 – VPOC from 20 Jan
18000 – LVN from 17 Jan
17946 – dPOC from 16 Jan
17897 – Buying tail (16 Jan)
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Jan F: 42862 [ 42995/ 42725 ]
BNF opened with a gap up of 282 points but settled down into an Open Auction Out of Range as it made a high of 42995 in the Initial Balance & remained in it all day forming a narrow 270 point range Normal Day with a prominent POC at 42852.
The buying tail from 42772 to 42542 will be the zone of support for the coming session(s) whereas on the upside, the auction would need to get above the monthly selling extension handle of 43002 for a fresh probe towards 43187 & 43373.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Day (N)
- Largest volume was traded at 42852 F
- Vwap of the session was at 42873 with volumes of 22.1 L and range of 270 points as it made a High-Low of 42995-42725
- The settlement day Roll Over point (Jan 2023) is 43420
- The VWAP & POC of Dec 2022 Series is 43030 & 43128 respectively.
- The VWAP & POC of Nov 2022 Series is 42150 & 42959 respectively.
- The VWAP & POC of Oct 2022 Series is 39750 & 38950 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 42783-42852-42907
HVNs – 42216 / 42342** / 42468 / 43392
(** indicates series POC)
Business Areas for 24th Jan 2023:
Up
42905 – PBH from 23 Jan
43075 – Selling Tail (05 Jan)
43187 – IB singles mid
43242 – NeuX Weekly VWAP
43373 – Weekly VPOC
43501 – Ext Handle
Down
42852 – dPOC from 23 Jan
42772 – Buying Tail (23 Jan)
42659 – IB singles mid (23 Jan)
42543 – VPOC from 20 Jan
42422 – IB singles mid (20 Jan)
42350 – dPOC from 19 Jan
42246 – LVN from 19 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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