Nifty Feb F: 17125 [ 17395 / 17095 ]
NF opened higher & contiued to drive up in the Initial Balance where it got into the mid-profile singles from 24th Jan of 17363 to 17420 & made a high of 17385 forming a large 205 point range but could not extend any further and began to coil building volumes at 17363.
The auction then made a RE (Range Extension) attempt in the G period which got rejected and this lack of demand was used by the sellers to press the pedal & trigger a big liquidation move lower from the I period onwards as NF not only confirmed a FA at top but went on to complete the 1 ATR objective of 17163 and continued to fall to 17095 stalling just above 27th Jan PBL of 17087 leaving a Neutral Exteme Day with completely higher Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Drive – Up (OD which got negated)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 17363 F
- Vwap of the session was at 17267 with volumes of 130.1 L and range of 300 points as it made a High-Low of 17395-17095
- NF confirmed a FA at 17395 on 28/01 and tagged the 1 ATR objective of 17163 on the same day. The 2 ATR target comes to 16931.
- 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 17197-17363-17372
Business Areas for 31st Jan 2022:
Up
17165 – Feb series RO Point
17208 – LVN from 28th Jan
17267 – NeuX VWAP from 28th Jan
17363 – dPOC from 28th Jan
17420 – Extension Handle (25th Jan)
17463 – HVN from 25th Jan
Down
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: 37824 [ 38550 / 37716 ]
BNF opened with a gap up of 300 points but settled down into an OAOR (Open Auction Out of Range) and remained in the A period range for the first part of the day as it left a PBL at 38213 in the C period but similar to NF, made a failed attempt to extend higher in the G TPO where it tagged the 19th Jan FA of 38545 but once again found no fresh demand coming in.
The auction then broke below the morning PBL of 38213 in the J TPO & made a big fall of 500 points into the close confirming a fresh FA at 38550 & even completed the 1 ATR target of 37858 as it stalled just above the yVWAP of 37714 leaving a Neutral Extreme Day Down.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 38424 F
- Vwap of the session was at 38203 with volumes of 50 L and range of 833 points as it made a High-Low of 38550-37716
- BNF confirmed a FA at 38550 on 28/01 and tagged the 1 ATR objective of 37858 on the same day. The 2 ATR target comes to 37167.
- 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 38019-38424-38540
Business Areas for 31st Jan 2022:
Up
to be updated…
Down
to be updated…
(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
