Nifty Jan F: 18206 [ 18374 / 18172 ]
NF opened higher giving a rare follow up to a NeuX profile but settled down into an OAOR (Open Auction Out of Range) as it almost completed the 1 ATR objective of 18375 from the weekly FA of 17941 and remained in a narrow 65 point range for the first hour.
The auction then gave a slow trending move lower for most part of the day and left an important PBH at 18321 in the G TPO before taking off on the downside in the L period where it first left a fresh PBH at 18292 and then a selling extension handle at 18233 negating the NeuX handles of 18242 & 18200 and went on to complete the 3 IB target for the day while making a low of 18172 stopping right at the NeuX VWAP before giving a bounce back to 18226 into the close. Spike Rules will be in play for the next open & the zone to watch would be 18172 to 18233.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (with a Spike close)
- Largest volume was traded at 18279 F
- Vwap of the session was at 18283 with volumes of 80.1 L and range of 202 points as it made a High-Low of 18374-18172
- NF confirmed a FA at 18092 on 29/12 and tagged 1 ATR objective of 18296 on same day. The 2 ATR target comes to 18501.
- The settlement day Roll Over point (Jan 2023) is 18299
- The VWAP & POC of Dec 2022 Series is 18337 & 18584 respectively.
- The VWAP & POC of Nov 2022 Series is 18295 & 18335 respectively.
- The VWAP & POC of Oct 2022 Series is 17350 & 17260 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 18257-18279-18359
HVNs – 18181
(** indicates series POC)
Business Areas for 02nd Jan 2023:
Up
18233 – Ext Handle (30 Dec)
18279 – dPOC from 30 Dec
18321 – PBH from 30 Dec
18360 – Selling Tail
18404 – IB HVN (22 Dec)
18430 – Weekly VPOC
Down
18204 – Closing HVN (30 Dec)
18160 – 29 Dec SOC (Scene Of Crime)
18120 – VPOC from 29 Dec
18092 – FA from 29 Dec
18049 – Buying Tail (26 Dec)
17995 – IB Singles Mid (26 Dec)
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Jan F: 43165 [ 43606/ 43002 ]
BNF too opened with a gap up but as expected got rejected from the selling zone of 21st Dec as it left an initiative selling tail from 43473 to 43606 and probed lower filling up previous session’s mid-profile singles from 43380 to 43147 forming a ‘b’ shape profile for most part of the day before making a swipe down in the L TPO where it tagged the Trend Day VWAP of 43034 while making a low of 43002.
The auction then gave a good bounce back to 43283 into the close before closing the day at 43165 leaving a 3-1-3 profile with the responsive buying tail from 43120 to 43002 being the area to watch for buyers to defend in the coming session.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (3-1-3 Profile)
- Largest volume was traded at 43383 F
- Vwap of the session was at 43318 with volumes of 33 L and range of 604 points as it made a High-Low of 43606-43002
- The settlement day Roll Over point (Jan 2023) is 43420
- The VWAP & POC of Dec 2022 Series is 43030 & 43128 respectively.
- The VWAP & POC of Nov 2022 Series is 42150 & 42959 respectively.
- The VWAP & POC of Oct 2022 Series is 39750 & 38950 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 43204-43383-43441
HVNs – 43270
(** indicates series POC)
Business Areas for 02nd Jan 2023:
Up
43187 – Weekly IBL
43318 – VWAP from 30 Dec
43415 – PBH from 30 Dec
43539 – IB Singles Mid
43658 – Weekly VPOC
43739 – PBH from 21 Dec
Down
43120 – Buying tail (30 Dec)
43030 – Dec 2022 VWAP
42957 – Ext Handle (29 Dec)
42853 – Weekly NeuX VWAP
42739 – HVN from 29 Dec
42615 – FA from 26 Dec
(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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