Nifty Feb F: 17149 [ 17214 / 16879 ]
NF opened with a big 205 point gap down and got accepted in the 25th Jan Buying Singles of 17044 to 16890 as it made a low of 16945 in the A period and made a hat-trick of REs (Range Extension) lower from the E TPO even resulting in new lows for the week at 16879 in the G period which was immediate rejected and the subsequent scale above the day’s VWAP in the H period triggered a trending move to the upside as the auction got back into previous day’s Value and went on to make big REs to the upside while making a high of 17214 but saw profit booking into the close as the dPOC shifted higher to 17163. Value for the day was overlapping to lower and NF will need to get fresh demand above 17163 to continue higher towards the 25th Jan VPOC of 17314 & the 24th Jan extension handle of 17420.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Neutral Day (NeuD)
- Largest volume was traded at 17163 F
- Vwap of the session was at 17043 with volumes of 137.8 L and range of 335 points as it made a High-Low of 17214-16879
- The settlement day Roll Over point (February 2022) is 17165
- The VWAP & POC of Jan 2022 Series is 17715 & 18193 respectively.
- The VWAP & POC of Dec 2021 Series is 17169 & 17240 respectively.
- The VWAP & POC of Nov 2021 Series is 17635 & 17961 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 16985-17163-17196
Business Areas for 28th Jan 2022:
Up
17163 – dPOC from 27th Jan
17211 – Selling single (27th Jan)
17253 – HVN from 25th Jan
17314 – VPOC from 25th Jan
17363 – Mid-profile selling tail
17420 – Extension Handle (25th Jan)
17463 – HVN from 25th Jan
Down
17136 – LVN from 27th Jan
17087 – PBL from 27th Jan
17045 – VWAP from 27th Jan
16980 – SOC from 27th Jan
16935 – LVN from 27th Jan
16895 – Buying singles (27th Jan)
16815 – Buying singles (21st Dec 2021)
(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: 38168 [ 38300 / 37050 ]
BNF opened lower with a huge 637 point gap down and went on to test the 25th Jan buying singles of 37080 to 36600 as it made a low of 37050 and was swiftly rejected after which it went on to hit new highs for the day in the B period at 37572. The auction then formed a balance with a ‘p’ shape profile till the G period where it left a PBL at 37159 and the RE (Range Extension) to the upside in the H period signalled the start of a new imbalance as BNF made an One Time Frame probe higher for the rest of the day as it not only closed the gap down but went on to record new highs for the week at 38300 leaving a Double Distribution Trend Day Up.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Double Distribution Trend Day – Up (DD)
- Largest volume was traded at 38249 F
- Vwap of the session was at 37714 with volumes of 38.5 L and range of 1250 points as it made a High-Low of 38300-37050
- The settlement day Roll Over point (February 2022) is 38240
- The VWAP & POC of Jan 2022 Series is 37746 & 38142 respectively.
- The VWAP & POC of Dec 2021 Series is 36082 & 35100 respectively.
- The VWAP & POC of Nov 2021 Series is 38047 & 39404 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 37691-38249-38299
Business Areas for 28th Jan 2022:
Up
38249 – dPOC from 27th Jan
38360 – 2-day composite VAH
38509 – 1.5 Weekly IB
38638 – VPOC from 18th Jan
38765 – SOC from 18th Jan
38920 – SOC from 18th Jan
39055 – Selling Singles (18th Jan)
39160 – Weekly 2 IB target
Down
38151 – HVN from 27th Jan
37971 – LVN from 27th Jan
37714 – VWAP from 27th Jan
37572 – Extension Handle (27th Jan)
37458 – HVN from 27th Jan
37305 – HVN from 27th Jan
37159 – Buying Singles (27th Jan)
(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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