Nifty Jan F: 17151 [ 17603 / 17011 ]
NF opened lower and left an initiative selling tail from 17516 to 17603 forming a large IB range of 177 points as it made a low of 17426 after which it made couple of REs (Range Extension) lower in the C & D periods but could only manage marginal new lows of 17403 & 17391 signalling exhaustion.
The auction then got some fresh supply coming in the E & F periods where it left extension handles at 17391 & 17376 which triggered a humongous move to the downside over the next 5 TPOs negating the initiative buying seen on 03rd Jan & 31st Dec and breaking below the Jan RO point of 17260 as it left the third extension handle of the day at 17224 and went on to tag the 27th Dec VPOC of 17150 as well as the VWAP of 17086 thereby completing the 3 IB objective of the day at 17072.
NF went on to make a low of 17011 and saw some profit booking by the shorts as it gave a pull back to 17199 before closing the day around the HVN of 17149 forming a Trend Day Down profile with a huge range of 591 points with today’s VWAP of 17275 & the dPOC of 17419 being the positional references for the coming session(s).
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAOR)
- The Day type was a Trend Day – Down (TDD)
- Largest volume was traded at 17419 F
- Vwap of the session was at 17275 with volumes of 147.5 L and range of 591 points as it made a High-Low of 17603-17011
- NF confirmed a FA at 17723 on 21/01 and tagged the 2 ATR objective of 17352 on 24/01.
- The settlement day Roll Over point (January 2022) is 17260
- The VWAP & POC of Dec Series is 17169 & 17240 respectively.
- The VWAP & POC of Nov Series is 17635 & 17961 respectively.
- The VWAP & POC of Oct Series is 18036 & 18155 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 17145-17419-17516
HVNs – 17400 / 17745 / 17817** / 17964 / 18237
(** indicates series POC)
Business Areas for 25th Jan 2022:
Up
17199 – PBH from 24th Jan
17275 – Trend Day VWAP (24th Jan)
17318 – mid-profile selling singles
17376 – Extension Handle (24th Jan)
17419 – dPOC from 24th Jan
17475 – B TPO VWAP (Supply)
17516 – Initiative Singles (24th Jan)
17561 – Mid-point of singles
Down
17149 – HVN from 24th Jan
17022 – mini-tail at lows
16952 – Buying Singles from 27th Dec
16894 – Daily Swing Low (27th Dec)
16858 – VPOC from 21st Dec
16818 – K TPO VWAP (21st Dec)
16763 – Buying Singles (21st Dec)
16716 – 1.5 Weekly IB
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Dec F: 36967 [ 37703 / 36410 ]
BNF made an OAIR start and remained in previous day’s Range & Value for the first couple of hours before leaving an extension handle at 37321 in the F period and negated the FA of 37276 triggering a One Time Frame move lower till the J period as it not only completed the 1 ATR objective of 36665 to the downside but went on to test the 3rd Jan closing extension handle of 36437 while making a low of 36410.
The auction then saw some profit booking & gave a bounce back to 37105 into the close almost tagging the day’s VWAP leaving a Double Distribution Trend Day Down with completely lower Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Double Distribution Trend Day – Down (DD)
- Largest volume was traded at 36895 F
- Vwap of the session was at 37123 with volumes of 50.4 L and range of 1293 points as it made a High-Low of 37703-36410
- BNF confirmed a FA at 37276 on 21/01 and the 1 ATR objective comes to 37887. This FA was negated on 24/01 & the auction completed the 1 ATR objective of 36665 to the downside on the same day whereas the 2 ATR target comes to 36054.
- The VWAP & POC of Dec Series is 36082 & 35100 respectively.
- The VWAP & POC of Nov Series is 38047 & 39404 respectively.
- The VWAP & POC of Oct Series is 39368 & 41157 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 36410-36895-36992
HVNs – 37590 / 37762 / 38350** / 38556 / 38850
(** indicates series POC)
Business Areas for 25th Jan 2022:
Up
37123 – DD VWAP from 24th Jan
37321 – Extension Handle (24th Jan)
37420 – HVN from 24th Jan
37567 – Monthly IBH
37704 – Weekly VAL
37887 – 1 ATR from FA of 37276
38008 – VPOC from 20th Jan
38176 – PBH from 20th Jan
Down
36895 – dPOC from 24th Jan
36720 – LVN from 24th Jan
36520 – LVN from 24th Jan
36340 – Extension Handle (03rd Jan)
36189 – Trend Day VWAP (03rd Jan)
36054 – 2 ATR from 37276
35915 – B TPO VWAP (03rd Jan)
35757 – Buying Singles (03rd 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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