Nifty Feb F: 17687 [ 17995 / 17576 ]
NF continued the imbalance it started previous session with another Open Drive Down as it left another initiative selling tail from 17995 to 17900 leaving an important PBH in the C period after which it continued the trending move lower leaving couple of extension handles at 17776 & 17718 in the E & G TPOs and culminated while making a low of 17576 in the K at the completion of the 2 IB objective of 17589.
The auction then gave a bounce back to 17714 into the close and saw the dPOC also shifting to 17699 where it eventually closed leaving a Double Distribution Trend Day Down and today’s VWAP of 17761 will be the new swing reference for shorts to remain in control for the coming session(s).
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Drive – Down (OD)
- The Day type was a Double Distribution Trend Day – Down (DD)
- Largest volume was traded at 17699 F
- Vwap of the session was at 17761 with volumes of 136.8 L and range of 418 points as it made a High-Low of 17995-17576
- 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 17590-17699-17844
HVNs – 18240
(** indicates series POC)
Business Areas for 30th Jan 2023:
Up
17699 – dPOC from 27 Jan
17743 – Extension Handle (27 Jan)
17776 – Extension Handle (27 Jan)
17850 – HVN from 27 Jan
17900 – Selling Tail (27 Jan)
17947 – IB singles mid
Down
17685 – L TPO POC (27 Jan)
17645 – HVN from 27 Jan
17590 – Weekly IBL
17526 – LVN from 21 Oct
17481 – VPOC from 20 Oct
17440 – PBL from 20 Oct
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Feb F: 40661 [ 41800/ 40421 ]
BNF opened below the yPOC of 41870 & gave yet another huge Drive Down falling by 840 points in the Initial Balance where it left a long initiative selling tail from 41287 to 41800 and went on to make a low of 40960 and made a typical C side extension to 40889 which brought a test of the day’s VWAP and a mini balance till the E period.
The auction then saw the sellers coming back in the F TPO with an extension handle at 40872 triggering a quick drop to 40462 in the G after which it made a small bounce back to 40790 in the I period where the supply again made their presence felt by forming new lows for the day at 40421 in the J which got some good profit booking coming in as the dPOC shifted lower to 40651 into the close leaving a Double Distribution Trend Day Down.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Drive – Down (OD)
- The Day type was a Double Distribution Trend Day – Down (DD)
- Largest volume was traded at 40651 F
- Vwap of the session was at 40930 with volumes of 61.7 L and range of 1379 points as it made a High-Low of 41800-40421
- 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 40421-40651-41006
HVNs – 42115
(** indicates series POC)
Business Areas for 30th Jan 2023:
Up
40680 – Closing Price
40785 – Extension Handle
40872 – Extension Handle
40977 – HVN from 27 Oct
41088 – LVN from 27 Oct
41283 – Selling Tail (27 Oct)
41388 – A TPO LVN (27 Oct)
Down
40651 – dPOC from 27 Jan
40536 – HVN from 27 Jan
40421 – Weekly IBL
40349 – Gap Mid-point (21 Oct)
40224 – HVN from 20 Oct
40050 – VPOC from 20 Oct
39916 – Buying tail (20 Oct)
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive
