Nifty Apr F: 17544 [ 17610 / 17502 ]
NF made an OL (Open=Low) right at yVAL of 17529 and probed higher hitting new highs for the week at 17610 but left similar highs in the IB (Initial Balance) indicating exhaustion in the upmove after which it made a slow move lower for the rest of the day leaving a PBH at 17584 in the H period after the first break of morning lows was met with rejection but then could not sustain above VWAP & this led to new lows of 17502 in the L TPO before it closed right at the dPOC of 17545 leaving a Normal Day with a small Range Extension & remained inside a very narrow range of just 108 points.
The auction has displayed poor trade facilitation for the second consecutive day forming a nice 2-day balance with Value at 17529-17542-17577 (Click here to view the MPLite chart) and has a good chance to move away from here as the new series & financial year begins.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction (OAOR)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 17545 F
- Vwap of the session was at 17555 with volumes of 122.7 L and range of 108 points as it made a High-Low of 17610-17502
- The settlement day Roll Over point (April 2022) is 17546
- The VWAP & POC of Mar 2022 Series is 16753 & 17255 respectively.
- The VWAP & POC of Feb 2022 Series is 17183 & 17409 respectively.
- The VWAP & POC of Jan 2022 Series is 17669 & 17703 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 17515-17545-17572
Business Areas for 01st Apr 2022:
Up
17555 – VWAP from 31st Mar
17584 – PBH from 31st Mar
17633 – Gap mid-point (11th Feb)
17698 – VWAP from 10th Feb
17760 – Extension Handle (03rd Feb)
17818 – PBH from 03rd Feb
17850 – Selling Singles (03rd Feb)
17900 – Spike low (02nd Feb)
Down
17529 – 2-day composite VAL
17485 – Buying singles (30th Mar)
17436 – Extension Handle (Daily)
17365 – VPOC from 29th Mar
17323 – Buying singles (29th Mar)
17291 – VPOC from 28th Mar
17242 – PBL from 28th Mar
17213 – PBL 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 Apr F: 36554 [ 36678 / 36205 ]
BNF opened the day with a freak tick of 36205 but remained above yVWAP of 36395 showing intent to move higher which it did with a quick rise to 36678 just when the B period started but could not take out the 23rd Mar PBH of 36710 & left a small selling tail as the IB got completed signalling the end of the upside.
The auction then remained in an uncharacteristic narrow range of under 200 points for the rest of the day forming a Normal Day & a 3-1-3 profile with a close around the prominent dPOC of 35654 & initiative volumes in the coming session(s) could trigger a good range expansion from here.
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 Day (‘3-1-3’ profile)
- Largest volume was traded at 36564 F
- Vwap of the session was at 36547 with volumes of 37.1 L and range of 288 points as it made a High-Low of 36678-36390
- The settlement day Roll Over point (Aril 2022) is 36550
- The VWAP & POC of Mar 2022 Series is 34992 & 35648 respectively.
- The VWAP & POC of Feb 2022 Series is 37712 & 37712 respectively.
- The VWAP & POC of Jan 2022 Series is 37772 & 38232 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 36501-36564-36604
Business Areas for 01st Apr 2022:
Up
36633 – PBH from 31st Mar
36710 – PBH from 23rd Mar
36825 – Selling singles (23rd Mar)
36942 – Daily Swing High (23rd Mar)
37045 – Selling tail top (24th Feb)
37125 – Singles Mid-point (24th Feb)
37300 – Singles from 22nd Feb
37450 – dPOC from 22nd Feb
Down
36547 – VWAP from 31st Mar
36450 – Buying singles (31st Mar)
36282 – Buying singles (30th Mar)
36153 – 29th Mar selling singles
36008 – VPOC from 29th Mar
35896 – SOC from 29th Mar
35780 – Buying singles (29th Mar)
35656 – Buying tail low (29th Mar)
(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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