Nifty Apr F: 14608 [ 14675 / 14501 ]
NF made a gap up open and went on to test the PBH (Pull Back High) of 14587 as it made a high of 14595 in the A period but got rejected reversing the probe to the downside and made a low of 14501 in the B period taking support just above the yPOC of 14495 indicating demand coming back. The auction then made the dreaded C side extension where it made new highs of 14617 and typical of a C side, it gave a pull back to the day’s VWAP leaving a PBL (Pull Back Low) at 14532 in the D period once again confirming presence of buyers at lower levels. NF then went on to scale back above VWAP and make a fresh RE higher in the E period triggering higher highs till the ‘J’ period where it hit 14675 but fell short of completing the 2 IB objective of 14689 triggering a retracement to 14570 into the close after building a prominent POC at 14630 and would be the immediate reference for the next open as the auction closed the day at 14608 with completely higher Value.
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 14630 F
- Vwap of the session was at 14594 with volumes of 116.2 L and range of 174 points as it made a High-Low of 14675-14501
- The settlement day Roll Over point (Apr) is 14425
- The VWAP & POC of Mar Series is 14839 & 15021 respectively.
- The VWAP & POC of Feb Series is 14893 & 15115 respectively.
- The VWAP & POC of Jan Series is 14288 & 14569 respectively.
- Value zones (volume profile) are at 14561-14630-14650
HVNs – 14425 / 14975
BankNifty Apr F: 33585 [ 33834 / 33336 ]
BNF made a gap up of 440 points and even made a brief look above previous day’s high as it hit 33834 but got rejected from these new highs and formed a nice Gaussian profile for the day with a prominent POC at 33638 leaving one of the narrowest daily range of just 498 points and looks set to give an initiative move away on volumes in the coming session.
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Day (Gaussian Profile)
- Largest volume was traded at 33638 F
- Vwap of the session was at 33592 with volumes of 50.2 L and range of 498 points as it made a High-Low of 33834-33336
- The settlement day Roll Over point (Apr) is 33250
- The VWAP & POC of Dec Series is 33549 & 35263 respectively.
- The VWAP & POC of Feb Series is 35530 & 35820 respectively.
- The VWAP & POC of Jan Series is 31597 & 32062 respectively.
- Value zones (volume profile) are at 33506-33638-33700
HVNs – 33250
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