Nifty Jan F: 18128 [ 18218 / 18100 ]
NF opened higher above the 18th Jan VPOC of 18198 but settled down into an Open Auction with pretty low volumes indicating no new demand coming in at these new highs for the week of 18215 stalling below the 04th Jan Selling Tail from 18227 and formed a very narrow 62 point range IB (Initial Balance) as it got back into the 4-day composite Value and took support right at yPOC of 18158.
The auction then left a PBH at 18195 in the D period getting rejected from previous day’s high indicating supply coming back and this triggered a slow OTF (One Time Frame) probe lower till the J TPO as NF completed the 80% Rule in the composite while making a low of 18100 before giving a bounce back to 18143 and closing right at the dPOC of 18120 which shifted lower into the close. We now have a well balanced 5-day composite with Value at 18104-18148-18176 which seems set to give way to a fresh imbalance in the coming session(s). (Click here to view the 5-day composite chart of NF on MPLite)
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction (OA)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 18120 F
- Vwap of the session was at 18154 with volumes of 63.4 L and range of 118 points as it made a High-Low of 18218-18100
- 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 18108-18120-18173
HVNs – 17976 / 18012 / 18108 / 18144** / 18181
(** indicates series POC)
Business Areas for 25th Jan 2023:
Up
18154 – VWAP from 24 Jan
18195 – PBH from 24 Jan
18227 – Selling Tail (04 Jan)
18265 – IB Singles Mid (04 Jan)
18324 – 3-day VAH
18360 – Selling Tail (30 Dec)
Down
18120 – dPOC from 24 Jan
18081 – LVN from 5-day Comp
18042 – Buying tail (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: 42762 [ 43072/ 42653 ]
BNF made it a hat-trick of higher opens but settled down into an Open Auction & could only tag 43072 in the A period stopping right below 05th Jan’s Selling Tail from 43075 as the lack of demand got back the supply triggering an One Time Frame probe lower for most part of the day.
The auction left an important PBH at 42944 in the D TPO and followed it with an extension handle at 42886 after which it completed the 2 IB objective of the day at 42701 while making a low of 42655 in the J period taking support at the mid-point of previous Buying Tail and gave a small bounce back to 42791 leaving an Outside Day both in terms of range & value and a Double Distribution (DD) profile on the daily but a nice 2-day balance with Value at 42779-42851-42941 (Click here to view the 2-day composite chart of BNF on MPLite)
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction (OA)
- The Day type was a Double Distribution Trend Day – Down (DD)
- Largest volume was traded at 42799 F
- Vwap of the session was at 42858 with volumes of 20.4 L and range of 419 points as it made a High-Low of 43072-42653
- 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 42660-42799-42932
HVNs – 42216 / 42342** / 42468 / 43392
(** indicates series POC)
Business Areas for 25th Jan 2023:
Up
42799 – dPOC from 24 Jan
42886 – Extension Handle (24 Jan)
42944 – PBH from 24 Jan
43075 – Selling Tail (05 Jan)
43187 – IB singles mid
43242 – NeuX Weekly VWAP
43373 – Weekly VPOC
Down
42732 – LVN from 24 Jan
42655 – Buying tail (24 Jan)
42543 – VPOC from 20 Jan
42422 – IB singles mid (20 Jan)
42350 – dPOC from 19 Jan
42246 – LVN from 19 Jan
42147 – LVN from 17 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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