Nifty Mar F: 17368 [ 17390 / 17269 ]
NF gave a rare follow up to a NeuX profile with a gap up open at 17350 and went on to complete the 80% Rule in the 6-day composite Value of 17195-17267-17359 as it made a high of 17359 to the dot in the A period after which it made a rotation lower even making the dreaded C side extension to 17282 which got swiftly rejected back to the day’s VWAP as the auction formed a narrow range balance till the G period.
The H period then ended with an attempt to probe higher but could only make marginal new highs of 17366 and this immediate rejection led to a long liquidation break as NF made new lows for the day at the start of the I TPO where it made a low of 17269 stopping just above the composite POC and left a small tail indicating end of the downside. The auction continued to form a nice Gaussian Curve with a prominent POC at 17320 before giving a spike higher to 17390 into the close leaving a second successive NeuX Day and in the process has also confirmed a FA (Failed Auction) at 17269.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 17320 F
- Vwap of the session was at 17326 with volumes of 78.4 L and range of 121 points as it made a High-Low of 17390-17269
- NF confirmed a FA at 17269 on 29/03 and the 1 ATR objective comes to 17547.
- NF confirmed a FA at 16856 on 16/03 and tagged the 1 ATR objective of 17182 on 17/03. The 2 ATR objective comes to 17508. This FA has not been tagged in ‘T+6’ Days & is now a positional reference..
- The settlement day Roll Over point (March 2022) is 16251
- The VWAP & POC of Feb 2022 Series is 17183 & 17409 respectively.
- The VWAP & POC of Jan 2022 Series is 17669 & 17703 respectively.
- The VWAP & POC of Dec 2021 Series is 17169 & 17240 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 17290-17320-17346
HVN – 16648
(** indicates series POC)
Business Areas for 30th Mar 2022:
Up
17392 – HVN from 23rd Mar
17433 – Selling Singles (23rd Mar)
17475 – PBH from 17th Feb
17502 – Weekly 2 IB
17547 – 1 ATR from FA of 17269
17591 – 2 ATR from 17025
17643 – VWAP from 10th Feb
17707 – 10th Feb Poor Highs
Down
17366 – NeuX zone low
17320 – dPOC from 29th Mar
17287 – IBL from 29th Mar
17247 – VPOC from 28th Mar
17199 – PBH from 28th Mar
17163 – NeuX VWAP (28th Mar)
17104 – SOC from 28th Mar
17044 – HVN from 28th Mar
(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: 35959 [ 36070 / 35543 ]
BNF also opened higher but gave an OH (Open=High) at 36070 indicating supply coming back in this FA zone after which the auction made a slow probe lower leaving an initiative selling tail from 35944 to 36070 & making couple of REs (Range Extension) in the C & F periods as it made a low of 35700 but seem to be getting some demand at the previous day’s HVN of 35732 which in turn led to a probe above VWAP in the H TPO which stopped right at the morning singles.
The ‘I’ period then made a fresh & big RE to the downside as it probed below previous day’s PBL of 35576 but was swiftly rejected after making a low of 35543 resulting in a long responsive buying tail till 35670 after which it remained in a very narrow range and seemed to be forming a 3-1-3 profile for the day but the probe above VWAP in the L period triggered a massive short covering move back to 36060 into the close. Value for the day was completely higher though BNF needs to take out the FA level with good volumes to continue the probe higher in the next session.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction (OA)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 35856 F
- Vwap of the session was at 35835 with volumes of 38.6 L and range of 527 points as it made a High-Low of 36070-35543
- BNF confirmed a FA at 36057 on 24/03 and tagged the 1 ATR objective of 35186 on 28/03. This FA got tagged on 29/03 which was the ‘T+3’ Day and the 1 ATR objective on the upside comes to 36929.
- The settlement day Roll Over point (March 2022) is 35296
- The VWAP & POC of Feb 2022 Series is 37712 & 37712 respectively.
- The VWAP & POC of Jan 2022 Series is 37772 & 38232 respectively.
- The VWAP & POC of Dec 2021 Series is 36082 & 35100 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 35706-35856-35922
HVNs – 34561 / 34897 / 35070 / 35280 / 35653** / 36451
(** indicates series POC)
Business Areas for 30th Mar 2022:
Up
36048 – HVN from 29th Mar
36150 – Weekly 1.5 IB
36254 – VPOC from 23rd Mar
36390 – PBH from 23rd Mar
36495 – PBH from 23rd Mar
36612 – PBH from 23rd Mar
36738 – Selling Singles (23rd Mar)
36929 – 1 ATR from 36057
Down
35919 – HVN from 29th Mar
35790 – SOC from 29th Mar
35670 – Buying singles (29th Mar)
35492 – VWAP from 28th Mar
35368 – Weekly VAH
35238 – SOC from 28th Mar
35125 – PBL from 28th Mar
34935 – Monthly IBL
(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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