Nifty Mar F: 17559 [ 17700 / 17510 ]
NF gave an initiative move to the downside from the yPOC of 17694 leaving an A period selling tail from 17661 to 17700 and formed a Double Distribution (DD) Trend Day Down after leaving an extension handle at 17585 as it went on to make a low of 17510.
The auction then saw some good profit booking coming in as the dPOC shifted lower to 17558 with the close also happening right there and would be the opening reference for the next session with PLR still to the downside as Value was completely lower.
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 Double Distribution Trend Day – Down (DD)
- Largest volume was traded at 17558 F
- Vwap of the session was at 17592 with volumes of 72.9 L and range of 190 points as it made a High-Low of 17700-17510
- The settlement day Roll Over point (Mar 2023) is 17635
- The VWAP & POC of Feb 2023 Series is 17779 & 17837 respectively.
- The VWAP & POC of Jan 2023 Series is 17923 & 18132 respectively.
- The VWAP & POC of Dec 2022 Series is 18337 & 18584 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 17520-17558-17630
HVNs – 17690
(** indicates series POC)
Business Areas for 27th Feb 2023:
Up
17592 – VWAP from 24 Feb
17635 – Mar series RO point
17661 – Selling Tail (24 Feb)
17700 – Weekly IBH
17742 – VWAP from 22 Feb
17784 – weekly VWAP
Down
17558 – dPOC from 24 Feb
17513 – Weekly IBL
17472 – 01 Feb Swing Low
17440 – PBL from 20 Oct
17394 – Buying Tail (20 Oct)
17350 – Oct 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 Mar F: 40172 [ 40622/ 40061 ]
BNF opened higher but stalling right at 22nd Feb’s IB HVN of 40626 as it made a high of 40622 & got big sellers leaving a long A period selling tail till 40421 getting back into previous Value and promptly completing the 80% Rule in the D TPO and began to form a balance doing the reverse 80% in the E.
The auction then made fresh RE attempts to the downside in the H, J & K periods and made new lows of 40061 taking support right at 23rd Feb’s PBL of 40060 completing a nice 3-day Gaussian Curve with the composite Value at 40149-40356-40446 and has a good chance of moving away from here in the coming session(s). (Click here to view the 3-day composite balance of BNF)
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Rejection Reverse – Down (ORR)
- The Day Type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 40253 F
- Vwap of the session was at 40345 with volumes of 43.4 L and range of 560 points as it made a High-Low of 40622-40061
- The settlement day Roll Over point (Mar 2023) is 40365
- The VWAP & POC of Feb 2023 Series is 41031 & 41462 respectively.
- The VWAP & POC of Jan 2023 Series is 41965 & 42320 respectively.
- The VWAP & POC of Dec 2022 Series is 43030 & 43128 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 40145-40253-40488
HVNs – 40365
(** indicates series POC)
Business Areas for 27th Feb 2023:
Up
40220 – Closing PBH (24 Feb)
40356 – 3-day composite POC
40446 – 3-day composite VAH
40521 – IB singles mid (24 Feb)
40665 – Selling Tail (22 Feb)
40757 – IB Singles mid (22 Feb)
Down
40149 – 3-day composite VAL
40060 – PBL from 23 Feb
39975 – Buying Tail (23 Feb)
39870 – 23 Feb Swing Low
39718 – 01 Feb Swing Low
39578 – Weekly 2 IB target
(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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