Nifty Mar F: 16656 [ 16764 / 16497 ]
NF opened the new series with a gap up of more than 200 points confirming that the bigger players had booked the shorts and gave an Open Drive Up from yVWAP of 16497 trapping yesterday’s late shorts who were forced to cover leading to a further upmove to 16695 in the IB (Initial Balance) where it left a long initiative buying tail from 16610 to 16497.
The auction then made couple of REs (Range Extension) higher in the C & D periods but could not take out previous day’s selling tail completely and settled down to form a balance for the rest of the day building a prominent POC at 16653 where it closed the day at leaving a short covering ‘p’ shape profile as well as an Inside Day.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range plus Drive Up (OAIR + D)
- The Day type was a Normal Day (‘p’ shape profile)
- Largest volume was traded at 16653 F
- Vwap of the session was at 16656 with volumes of 175.9 L and range of 267 points as it made a High-Low of 16764-16497
- 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 16627-16653-16732
HVN – 16653
(** indicates series POC)
Business Areas for 28th Feb 2022:
Up
16680 – Top of TPO zone (25th Feb)
16729 – PBH from 25th Feb
16787 – Selling tail high (24th Feb)
16834 – Mid-point of weekly DD singles
16887 – Mid-point of Gap Down (24th Feb)
16927 – PBL from 22nd Feb
16979 – VPOC from 22nd Feb
17055 – Extension Handle (22nd Feb)
Down
16653 – dPOC from 25th Feb
16610 – Buying Singles (25th Feb)
16553 – Singles mid-point
16497 – VWAP from 24th Feb
16430 – Anamoly from 24th Feb
16385 – Mid-point of Gap Up (25th Feb)
16304 – 24th Feb singles
16252 – VPOC from 24th Feb
(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: 36422 [ 36730 / 35825 ]
BNF also opened with a big gap starting the day with a freak OL (Open=Low) tick at 36700 but stayed well above previous day’s VWAP of 35896 as it got accepted in the selling singles while making an OTF (One Time Frame) probe higher till the E period where it made a high of 36730 and left a small responsive selling tail marking the end of the upside for the day.
The auction then formed a narrow range balance for the rest of the day and even made an attempt to break into the A period singles as it left a PBL (Pull Back Low) at 36222 in the K TPO before closing near the dPOC leaving a ‘p’ shape short covering profile with completely higher Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range plus Drive Up (OAIR + D)
- The Day type was a Normal Day (‘p’ shape profile)
- Largest volume was traded at 36471 F
- Vwap of the session was at 36406 with volumes of 53.9 L and range of 905 points as it made a High-Low of 36730-35825
- 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 36346-36471-36654
HVN – 36471
(** indicates series POC)
Business Areas for 28th Feb 2022:
Up
36471 – dPOC from 25th Feb
36642 – PBH from 25th Feb
36841 – Selling tail high (24th Feb)
37022 – Mid-point of Gap Down (24th Feb)
37180 – PBL from 22nd Feb
37381 – VWAP from 22nd Feb
37589 – Extension handle (23rd Feb)
37707 – VPOC from 23rd Feb
Down
36372 – Weekly VAL
36222 – Buying Singles (25th Feb)
36023 – Singles mid-point
35896 – VWAP from 24th Feb
35763 – Extension Handle (24th Feb)
35534 – Mid-point of Gap Up (25th Feb)
35309 – Closing tail (24th Feb)
35087 – VPOC from 24th Feb
(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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