Nifty Feb F: 17741 [ 17829 / 17522 ]
NF returned to balance after the probe below previous low at open got rejected at 17542 triggering a quick short covering move back to 17829 in the A period itself as the auction stalled below the HVN of 17850 forming a large IB range after which it filled up the low volume zone of Friday’s DD (Double Distribution) profile even making an attempt to extend lower in the J period but could only manage to leave a responsive tail till 17522 and closed back higher at the dPOC of 17738 leaving a Normal Day & a 3-1-3 profile with completely inside Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Rejection Reverse – Up (ORR)
- The Day type was a Normal Day (3-1-3 profile)
- Largest volume was traded at 17738 F
- Vwap of the session was at 17685 with volumes of 123.9 L and range of 307 points as it made a High-Low of 17829-17522
- The settlement day Roll Over point (Feb 2023) is 17985
- The VWAP & POC of Jan 2023 Series is 18015 & 18130 respectively.
- The VWAP & POC of Dec 2022 Series is 18337 & 18584 respectively.
- The VWAP & POC of Nov 2022 Series is 18295 & 18335 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 17623-17738-17771
HVNs – 17738 / 18240
(** indicates series POC)
Business Areas for 31st Jan 2023:
Up
17745 – M TPO POC / VWAP
17788 – Selling Tail (30 Jan)
17850 – HVN from 27 Jan
17900 – Selling Tail (27 Jan)
17947 – IB singles mid
17997 – VPOC from 24 Jan
Down
17738 – dPOC from 30 Jan
17685 – VWAP (30 Jan)
17634 – LVN from 30 Jan
17586 – LVN from 30 Jan
17542 – Buying tail (30 Jan)
17481 – VPOC from 20 Oct
(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: 40704 [ 41129/ 39736 ]
BNF opened with a big gap down of almost 400 points and continued lower tagging the 20th Oct VPOC of 40050 and made a low of 39943 stalling just above that day’s buying tail which triggered a massive short covering squeeze of 1185 points in the A period as it made a high of 41129 tagging the LVN of 41088 from Friday and got some big supply coming back resulting in an initiative selling tail till 40842.
The auction then probed lower retracing the entire upmove even making couple of REs in the I & J periods where it tagged the 17th Oct VPOC of 39804 and made a low of 39736 leaving a quick responsive buying tail till 39927 marking the end of the downside leading to another speedy short covering bounce to 40809 into the close which got the dPOC also shift to 40752 leaving a 3-1-3 Normal profile for the day.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Rejection Reverse – Up (ORR)
- The Day type was a Normal Day (3-1-3 profile)
- Largest volume was traded at 40752 F
- Vwap of the session was at 40452 with volumes of 72.9 L and range of 1393 points as it made a High-Low of 41129-39736
- The settlement day Roll Over point (Feb 2023) is 41864
- The VWAP & POC of Jan 2023 Series is 42480 & 42230 respectively.
- The VWAP & POC of Dec 2022 Series is 43030 & 43128 respectively.
- The VWAP & POC of Nov 2022 Series is 42150 & 42959 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 40118-40752-40830
HVNs – 40636 / 42115
(** indicates series POC)
Business Areas for 31st Jan 2023:
Up
40752 – dPOC (30 Jan)
40842 – Selling Tail (30 Jan)
40985 – IB singles mid
41088 – LVN from 27 Jan
41283 – Selling Tail (27 Jan)
41388 – A TPO LVN (27 Jan)
41543 – IB Singles Mid (27 Jan)
Down
40680 – Immediate LVN
40530 – SOC from 30 Jan
40421 – Weekly IBL
40284 – HVN from 30 Jan
40140 – Lower HVN (30 Jan)
40014 – LVN from 30 Jan
39927 – Buying tail (30 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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