Nifty Apr F: 16958 [ 17050 / 16875 ]
NF gave a rare follow through to a NeuX (Neutral Extreme) profile as it opened lower by 173 points and first negated the buying singles of 17079 to 16997 from 20th Apr after which it tested the responsive buying tail of 16953 to 16843 from 19th Apr as it made a low of 16936 in the IB (Initial Balance) and went on to make multiple REs (Range Extension) to the downside completing the 1.5 IB abjective of 16880 while making similar lows of 16875 in the K & L periods.
Poor lows indicated seller exhaustion and this inturn triggered a short covering bounce to 16989 into the close as NF left a well balanced profile for the day with completely lower Value.
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 (Gaussian Curve)
- Largest volume was traded at 16943 F
- Vwap of the session was at 16962 with volumes of 111.1 L and range of 175 points as it made a High-Low of 17050-16875
- NF confirmed a multi-day FA at 17830 on 12/04 and tagged the 2 ATR objective of 17398 on 18/04. This FA has not been tagged & is now a positional reference.
- NF confirmed a FA at 17965 on 06/04 and tagged the 2 ATR objective of 17513 on 12/04. This FA has not been tagged & is now a positional reference..
- NF confirmed a FA at 18171 on 05/04 and tagged the 2 ATR objective of 17703 on 07/04. This FA has not been tagged & is now a positional reference.
- The settlement day Roll Over point (April 2022) is 17546
- The VWAP & POC of Mar 2022 Series is 16753 & 17255 respectively.
- The VWAP & POC of Feb 2022 Series is 17183 & 17409 respectively.
- The VWAP & POC of Jan 2022 Series is 17669 & 17703 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 16936-16943-16996
HVN – 17573 / 17731** / 17861 / 18065
(** indicates series POC)
Business Areas for 26th Apr 2022:
Up
16989 – Closing PBH (25th Apr)
17037 – Selling Singles (25th Apr)
17091 – Gap Mid-point
17137 – dPOC from 20th Apr
17177 – Gap high
17221 – VPOC from 22nd Apr
17263 – SOC from 22nd Apr
17318 – PBH from 22nd Apr
Down
16943 – dPOC from 25th Apr
16892 – Weekly IBL
16869 – M TPO POC (19th Apr)
16800 – NeuX VWAP (15th Mar)
16753 – Mar 2022 Series VWAP
16698 – Gap low (16th Mar)
16650 – Buying singles (15th Mar)
16609 – Daily Swing Low (15th Mar)
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Apr F: 36150 [ 36295 / 35501 ]
BNF once again opened lower by 344 points and made a low of 35501 in the opening minutes as it got swiftly rejected from previous month’s POC of 35648 and left a long initiative buying tail from 35820 to 35501 while making a high of 36248 in the IB. The auction then remained in a narrow range forming a balance & a ‘p’ shape profile for the day with a failed attempt to make a RE to the upside in the I period where it got rejected from just below yVWAP of 36309 resulting in a small responsive selling tail and a prominent POC at 36093 with overlapping to lower Value.
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 Day (‘p’ shape profile)
- Largest volume was traded at 36093 F
- Vwap of the session was at 36001 with volumes of 50.5 L and range of 794 points as it made a High-Low of 36295-35501
- BNF confirmed a FA at 36477 on 21/04 and failed to even tag the 1 ATR objective of 37111. This FA got negated on 22/04 and tagged the 1 ATR to the downside at 35845 on 25/04.
- BNF confirmed a FA at 38780 on 05/04 and tagged the 2 ATR objective of 37423 on 07/04. This FA has not been tagged & is now a positional reference.
- The settlement day Roll Over point (Aril 2022) is 36550
- The VWAP & POC of Mar 2022 Series is 34992 & 35648 respectively.
- The VWAP & POC of Feb 2022 Series is 37712 & 37712 respectively.
- The VWAP & POC of Jan 2022 Series is 37772 & 38232 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 35906-36093-36218
HVN – 36799 / 37170 / 37727** / 38437 / 38640
(** indicates series POC)
Business Areas for 26th Apr 2022:
Up
36248 – Selling singles (25th Apr)
36394 – VPOC from 22nd Apr
36487 – Selling singles (22nd Apr)
36662 – prominent POC from 21st Apr
36778 – Extension Handle (21st Apr)
36930 – Selling singles (21st Apr)
37090 – Weekly 2 IB target
37229 – Weekly FA
37400 – Extension Handle (Weekly)
Down
36093 – dPOC from 25th Apr
35970 – Previous Week Low
35820 – Buying Singles (25th Apr)
35660 – Singles Mid-point (25th Apr)
35501 – Weekly IBL
35293 – VPOC from 28th Mar
34992 – Mar Series VWAP
34800 – Buying singles (14th Mar)
(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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