Nifty Mar F: 16273 [ 16787 / 16226 ]
NF opened with a huge gap down of 473 points on a news driven day and continued to drop in the first hour as it made a low of 16500 forming a large IB (Initial Balance) range of 287 points after which it gave a small bounce above the day’s VWAP in the C period and went on to test the A period singles making a higher high in the E TPO but confirmed a PBH at 16683.
The auction then not only broke back below VWAP in the F period but started a fresh OTF (One Time Frame) move to the downside making multiple REs (Range Extension) from the G period onwards but saw a little bit of seller exhaustion at the 16430 zone from where it gave another PBH to 16543 in the I TPO after which it resumed the downmove which turned into an emotional drop into the close.
NF left an extension handle at 16382 & dropped another 150+ points in the last 45 minutes as it made a low of 16226 but saw the dPOC shifting lower to 16252 suggesting that the shorts were booking out as we start a new series.
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 Normal Variation Day – Down (NV with a Spike Close)
- Largest volume was traded at 16252 F
- Vwap of the session was at 16497 with volumes of 203.6 L and range of 561 points as it made a High-Low of 16787-16226
- The settlement day Roll Over point (March 2022) is 16251
- The VWAP & POC of Feb 2022 Series is 17255 & 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 16226-16252-16516
HVN – NA
(** indicates series POC)
Business Areas for 25th Feb 2022:
Up
16304 – Closing tail (24th Feb)
16382 – Extension Handle (24th Feb)
16465 – HVN from 24th Feb
16543 – PBH from 24th Feb
16600 – HVN from 24th Feb
16683 – Selling Singles (24th Feb)
16735 – Mid-point of selling tail
16787 – PDH
Down
16252 – dPOC from 24th Feb
open till 15972 & 15810
(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: 35244 [ 36841 / 35036 ]
BNF also opened with a massive 1044 point gap down and continued the fall to 36005 in the IB and this imbalance led to a small balance being formed till the G period as the auction left a PBH at 36400 and seemed to be forming a ‘b’ shape profile for the day before a pretty late RE to the downside in the H TPO started another wave of downside.
BNF left a PBH at 36117 in the I TPO before breaking below the similar lows in the 35770 zone with an extension handle in the L period after which it spiked lower by more than 700 points making a low of 35036 into the close but similar to NF saw the dPOC shifting lower to 35087 suggesting closure of shorts.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (NV with a Spike Close)
- Largest volume was traded at 35087 F
- Vwap of the session was at 35896 with volumes of 52.6 L and range of 1806 points as it made a High-Low of 36841-35036
- The settlement day Roll Over point (March 2022) is 35296
- The VWAP & POC of Feb 2022 Series is 37937 & 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 35036-35087-36050
HVN – NA
(** indicates series POC)
Business Areas for 25th Feb 2022:
Up
35309 – Closing tail (24th Feb)
35536 – Mid-point of closing tail
35763 – Extension Handle (24th Feb)
35945 – HVN from 24th Feb
36117 – PBH from 24th Feb
36220 – HVN from 24th Feb
36400 – Selling Singles (24th Feb)
36620 – Mid-point of selling tail
Down
35087 – dPOC from 24th Feb
open till 34750 / 34402 & 33890
(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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