Nifty Mar F: 17403 [ 17534 / 17345 ]
NF made an OAIR start with a test of previous day’s Selling Tail of 17523 to 17555 but could only manage 17534 as the supply came back strongly triggering a probe back into previous day’s Value as it completed the 80% Rule to the downside in the D period where it made a low of 17432.
The auction then gave a small bounce in the G TPO but left a PBH at 17492 getting rejected at VWAP after which it left an extension handle at 17429 in the H period and followed it up with another big RE in the J not only completing thre 2 IB objective of 17381 but went on to hit 17345 tagging the Oct 2022 series VWAP of 17350 which saw good profit booking coming in triggering the second bounce of the day as NF tagged 17425 & saw the dPOC shift lower to 17406 where it eventually closed leaving a nice 2-day composite balance with Value at 17405-17447-17495. (Click here to view the 2-day composite chart of NF on MPLite
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range (OAIR)
- The Day Type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 17406 F
- Vwap of the session was at 17433 with volumes of 91.1 L and range of 189 points as it made a High-Low of 17535-17345
- The settlement day Roll Over point (Mar 2023) is 17635
- The VWAP & POC of Feb 2023 Series is 17717 & 17839 respectively.
- The VWAP & POC of Jan 2023 Series is 17923 & 18132 respectively.
- The VWAP & POC of Dec 2022 Series is 18337 & 18584 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 17346-17406-17462
HVNs – 17444 / 17690
(** indicates series POC)
Business Areas for 01st Mar 2023:
Up
17429 – Extension Handle (28 Feb)
17492 – PBH from 28 Feb
17528 – Selling Tail (28 Feb)
17558 – VPOC (24 Feb)
17592 – VWAP from 24 Feb
17635 – Mar series RO point
Down
17405 – 2 Day comp VAL
17349 – 28 Feb tail
17304 – HVN from 17 Oct
17260 – Monthly VPOC
17223 – Extension Handle (17 Oct)
17195 – B TPO POC (17 Oct)
(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: 40487 [ 40651/ 40280 ]
BNF opened with a follow through to the previous spike close of 40541 to 40600 as it made new highs for the series at 40651 but stalled just below 22nd Feb’s Selling Tail 40665 to 40850 reversing the probe to the downside as it made a low of 40450 in the IB taking support at the VAH of the 4-day composite.
The auction then remained in this narrow 201 point range for most part of the day forming a ‘b’ shape profile with the A period selling tail standing out from 40600 to 40651 before making a big RE to the downside in the J period triggering the 80% Rule in the 4-day Value and promptly tagged the composite POC of 40356 and made new lows of 40280 in the K TPO but was swiftly rejected back into the IB range into the close leaving a PBH at 40549 before closing the day at the prominent POC of 40491 forming mostly higher Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction (OA)
- The Day Type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 40491 F
- Vwap of the session was at 40480 with volumes of 26.9 L and range of 371 points as it made a High-Low of 40651-40280
- The settlement day Roll Over point (Mar 2023) is 40365
- The VWAP & POC of Feb 2023 Series is 40880 & 41462 respectively.
- The VWAP & POC of Jan 2023 Series is 41965 & 42320 respectively.
- The VWAP & POC of Dec 2022 Series is 43030 & 43128 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 40451-40491-40585
HVNs – 40365 / 40486
(** indicates series POC)
Business Areas for 01st Mar 2023:
Up
40491 – dPOC from 28 Feb
40575 – PBH from 28 Feb
40665 – Selling Tail (22 Feb)
40757 – IB Singles mid (22 Feb)
40861 – 21 Feb singles
40975 – VPOC from 21 Feb
Down
40480 – VWAP (28 Feb)
40374 – LVN from 28 Feb
40280 – PDL
40176 – SOC from 27 Feb
40093 – Buying Tail (27 Feb)
39975 – Buying Tail (23 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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