Nifty Feb F: 17986 [ 18215 / 17934 ]
NF confirmed an Open Test Drive down from the yPOC of 18205 signalling the move away from the 5-day balance which was seen in the long initiative selling tail from 18124 to 18215 and a large 187 point range in the IB where it made a low of 18028. The auction followed it up with couple of REs lower tagging 16th Jan’s POC of 17946 recording new lows of 17934 in the E period which marked the end of the downside as it turned back to a balance for the rest of the day leaving a PBH at 18043 and a ‘b’ shape profile closing near the prominent POC of 17997.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Test Drive – Down (OTD)
- The Day type was a Normal Variation Day – Down (Massive ‘b’ shape long liquidation profile)
- Largest volume was traded at 17997 F
- Vwap of the session was at 18024 with volumes of 101.3 L and range of 281 points as it made a High-Low of 18215-17934
- The settlement day Roll Over point (Feb 2023) is 17985
- The VWAP & POC of Jan 2023 Series is 18015 & 18130 respectively.
- The VWAP & POC of Dec 2022 Series is 18337 & 18584 respectively.
- The VWAP & POC of Nov 2022 Series is 18295 & 18335 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 17970-17997-18040
HVNs – 18240
(** indicates series POC)
NF (Feb) Weekly Settlement Profile (20th to 25th Jan 2023)
17986 [ 18300 / 17934 ]
The weekly profile is a Neutral Extreme one to the downside though range wise it has formed a double inside bar with overlapping Value at 17943-17988-18132 showing that the balance which started couple of weeks back has continued with NF looking ready for a fresh imbalance to start on the higher timeframe especially as it has already started a move away from 5-day balance on the daily with this week’s vWAP of 18125 being the swing reference as the new series begins.
Click here to view this week’s daily profiles in NF on MPLite
BankNifty Feb F: 41864 [ 42961/ 41755 ]
BNF also confirmed an Open Test Drive Down from just below the yPOC of 42973 and dropped by a huge 706 points in the Initial Balance itself as it left Selling Singles from 42640 to 42961 along with a C side extension handle at 42255 and followed it up with another one at 42152 in the E period which saw it fall by another 397 points as it made a low of 41755 marking the end of the downmove.
The auction then gave a bounce back to 42139 in the J TPO stalling just below the lower extension handle and saw another round of selling coming in triggering a fall back to 41800 into the close with the dPOC also shifting down to 41870 leaving a ‘b’ shape comprehensive long liquidation profile.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Test Drive – Down (OTD)
- The Day type was a Normal Variation Day – Down (Massive ‘b’ shape long liquidation profile)
- Largest volume was traded at 41870 F
- Vwap of the session was at 42130 with volumes of 37.7 L and range of 1205 points as it made a High-Low of 42961-41755
- The settlement day Roll Over point (Feb 2023) is 41864
- The VWAP & POC of Jan 2023 Series is 42480 & 42230 respectively.
- The VWAP & POC of Dec 2022 Series is 43030 & 43128 respectively.
- The VWAP & POC of Nov 2022 Series is 42150 & 42959 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 41755-41870-41976
HVNs – 42115
(** indicates series POC)
BNF (Feb) Weekly Settlement Profile (20th to 25th Jan 2023)
41864 [ 43249 / 41755 ]
BNF opened the week with 2 initiative buying tails but both the occasaions ended up with a ‘p’ shape profile & a Normal Day indicating poor trade facilitation & lack of demand above previous week’s Value which became more evident where the auction opened with a gap up on Tuesday but left a small A period Selling Tail from 43223 to 43249 which brought back the sellers and they left an extension handle at 43071 forming a Double Distribution Trend Day Down and continued the imbalance with a humongous 1205 point range day down on Wednesday where it formed a ‘b’ shape profile leaving a weekly extension handle at 42520 and dropping down to 41755 forming a Neutral Extreme Down profile with mostly lower Value at 41773-41863-42583 closing in an imbalance which is likely to continue into the new series.
Click here to view this week’s daily profiles in BNF on MPLite
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