Nifty Feb F: 17362 [ 17425 / 17271 ]
There was no follow up yet again to a Neutral Extreme Day as NF opened with a a big gap up of 175 points and took support just above yVWAP of 17267 after which it made a slow probe higher re-visiting Friday’s FA of 17395 & tagging the higher extension handle of 17420 from 25th Jan.
However, the auction failed to get new demand in this zone and formed a nice balanced profile for the day in a narrow 154 point range with overlapping Value & a prominent POC at 17353 which will be the reference for the next open.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction (OA)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 17353 F
- Vwap of the session was at 17360 with volumes of 107.7 L and range of 154 points as it made a High-Low of 17425-17271
- NF confirmed a FA at 17395 on 28/01 and tagged the 1 ATR objective of 17163 on the same day. This FA got re-visited on 31/01 and is no longer a valid reference.
- The settlement day Roll Over point (February 2022) is 17165
- The VWAP & POC of Jan 2022 Series is 17669 & 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 17312-17353-17395
Business Areas for 01st Feb 2022:
Up
17382 – LVN from 31st Jan
17425 – Weekly IBH
17463 – HVN from 25th Jan
17502 – 1.5 weekly objective
17560 – Selling Singles (24th Jan)
17626 – Mid-point of singles
17668 – VPOC from 21st Jan
17716 – VAH from 21st Jan
17766 – FA from 21st Jan
Down
17353 – dPOC from 31st Jan
17312 – VAL from 31st Jan
17267 – NeuX VWAP (28th Jan)
17224 – LVN from 28th Jan
17165 – Feb Series RO point
17117 – Weekly 2 IB objective
17045 – PBL from 28th Jan
16980 – SOC from 27th Jan
16935 – LVN from 27th Jan
(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: 38113 [ 38296 / 37757 ]
BNF opened higher by 326 points and scaled above 28th Jan’s NeuX VWAP of 38203 as it made a high of 38296 in the opening minutes but could not extend any further and made couple of REs (Range Extension) to the downside in the C & D periods but once again held above 27th Jan’s VWAP of 37714 leaving a responsive buying tail from 37837 to 37757.
The auction then remained in the IB (Initial Balance) range for the rest of the day forming a nice Gaussian profile filling up previous session’s LVZ. Both Value & Range was inside today so can expect a move away from here in the coming session(s).
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 (Gaussian Curve)
- Largest volume was traded at 38102 F
- Vwap of the session was at 38086 with volumes of 43.2 L and range of 539 points as it made a High-Low of 38296-37757
- 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 37772 & 38232 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 38028-38102-38250
Business Areas for 01st Feb 2022:
Up
38151 – HVN from 31st Jan
38260 – Selling singles (31st Jan)
38424 – VPOC from 28th Jan
38550 – FA from 28th Jan
38638 – VPOC from 18th Jan
38765 – SOC from 18th Jan
38920 – SOC from 18th Jan
39055 – Selling Singles (18th Jan)
Down
38102 – dPOC from 31st Jan
37981 – PBL from 31st Jan
37837 – Buying singles (31st Jan)
37714 – VWAP from 27th Jan
37572 – Extension Handle (27th Jan)
37458 – HVN from 27th Jan
37305 – HVN from 27th Jan
37159 – Buying Singles (27th 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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