Nifty Feb F: 17798 [ 17836 / 17636 ]
NF made a higher open but could not sustain in yesterday’s Selling Tail from 17788 to 17829 and probed lower in the Initial Balance making a low of 17636 taking support right above the LVN of 17634 and left small responsive buying tail marking the end of the downside for the day.
The auction then made a slow probe higher for the rest of the day continuing the balance on the daily timeframe by forming yet another Normal Day and an Inside Bar both in terms of range & value though it made marginal new highs of 17836 in the M TPO leaving a 3-day composite with Value at 17648-17738-17810 and could continue to fill up the zone between 17694 to 17800 in the first half of the next session before giving a move away. (Click here to view the 3-day composite chart 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 Day
- Largest volume was traded at 17801 F
- Vwap of the session was at 17741 with volumes of 105.9 L and range of 200 points as it made a High-Low of 17836-17636
- The settlement day Roll Over point (Feb 2023) is 17985
- The VWAP & POC of Jan 2023 Series is 17923 & 18132 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 17706-17801-17809
HVNs – 17738 / 18240
(** indicates series POC)
Business Areas for 01st Feb 2023:
Up
17801 -dPOC from 31 Jan
17850 – HVN from 27 Jan
17900 – Selling Tail (27 Jan)
17947 – IB singles mid
17997 – VPOC from 24 Jan
18059 – Mid-profile singles (24 Jan)
18111 – Extension Handle (24 Jan)
Down
17772 – 3-day Composite LVN
17738 – 3-day Composite POC
17694 – Anomaly (3-day Comp)
17648 – 3-day Composite VAL
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: 41063 [ 41169/ 40470 ]
BNF opened higher probing into previous session’s initiative selling tail from 40842 to 41129 but could only manage 40950 from where it reversed the probe to the downside for the rest of the IB (Initial Balance) testing the SOC (Scene Of Crime) at 40530 and leaving a responsive buying tail right there indicating some demand coming back.
The auction then made a slow probe higher for the rest of the day making multiple REs (Range Extension) even making a look up above PDH as it tagged 41169 into the close leaving a Normal Variation Day Up with overlapping to higher Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up (3-1-3 profile)
- Largest volume was traded at 40941 F
- Vwap of the session was at 40838 with volumes of 53.9 L and range of 699 points as it made a High-Low of 41169-40470
- The settlement day Roll Over point (Feb 2023) is 41864
- The VWAP & POC of Jan 2023 Series is 41965 & 42320 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 40634-40941-40982
HVNs – 40618 / 42115
(** indicates series POC)
Business Areas for 01st Feb 2023:
Up
41111 – Selling tail (31 Jan)
41283 – Selling Tail (27 Jan)
41388 – A TPO LVN (27 Jan)
41543 – IB Singles Mid (27 Jan)
41755 – Daily Extension Handle
41870 – VPOC from 25 Jan
42024 – HVN from 25 Jan
Down
41028 – Closing HVN (31 Jan)
40838 – VWAP from 31 Jan
40720 – Feb Series VWAP
40584 – LVN from 31 Jan
40452 – VWAP from 30 Jan
40284 – HVN from 30 Jan
40140 – Lower HVN (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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