Nifty Feb F: 17685 [ 17740 / 17522 ]
NF formed a Normal Day and an Inside Bar after the previous day’s big imbalance leaving a ‘p’ shape profile for the day with an A period buying tail from 17576 to 17522 and a repeat of poor highs this time at 17736 & 17739 as the auction stalled the upside right below the LVN of 17742 closing right around the prominent POC of 17676 with Value completely lower.
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 (‘p’ shape profile)
- Largest volume was traded at 17685 F
- Vwap of the session was at 17652 with volumes of 107.7 L and range of 217 points as it made a High-Low of 17740-17522
- 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 17623-17685-17717
HVNs – 17688 / 17738 / 18240
(** indicates series POC)
NF Weekly Settlement Profile (27th Jan to 02nd Feb 2023)
17685 [ 18064 / 17472 ]
- Friday – NF continued the downside imbalance with an Open Drive Down from previous week’s POC of 17988 leaving an initiative selling tail from 17995 to 17902 and formed a Double Distribution Trend Day Down as it made a low of 17576 which saw good profit booking by the sellers as the dPOC shifted from 17850 down to 17699 into the close
- Monday – gave more confirmation of the OTF (Other Time Frame) shorts getting out as the auction returned to balance mode forming a Normal Day and filling up the low volume zone of previous session’s DD profile building highest volumes at 17738 where it eventually closed
- Tuesday – saw continuation of the balance with another Normal Day as the TPO POC developed right at the 17740 level before a mini spike higher to 17836 into the close saw the volumes shifting higher to 17801 and for the third day in successsion closed at the dPOC and on the higher timeframe formed a nice 3-day composite with Value at 17648-17738-17810
- Wednesday – The auction opened higher & remained above the 3-day Value as it probed higher in the first half of the day negating this week’s selling tail and making new highs at 18064 but the upmove got exhausted right in the mid-profile selling singles from last week which got back the OTF sellers in full force causing a big downmove for the rest of the day as it left an extension handle at 17808 and not only completed the 80% Rule in the 3-day composite but went on to make new lows too for the week as it hit 17472 but left a long responsive buying tail till 17601 leaving a Neutral Extreme Day Down with a huge range of 592 points
- Thursday – NF returned to form a balance as it took support in previous session buying singles and left an A period tail from 17576 to 17522 forming a ‘p’ shape profile as it could only make a high of 17740 leaving the third Normal day for the week with a close yet again at the prominent dPOC of 17685
The weekly profile is a Neutral Centre one with completely lower Value at 17607-17679-17850 and has closed right at the ultra prominent POC indicating that a fresh imbalance could start from here provided there is a move on initiative volumes in the coming session(s).
Click here to view this week’s daily profiles in NF on MPLite
Business Areas for 03rd Feb 2023:
Up
17708 – PBH from 02 Feb
17742 – LVN from 01 Feb
17784 – Mid-profile tail (01 Feb)
17824 – NeuX VWAP
17868 – Anomaly (01 Feb)
17909 – VPOC from 01 Feb
17945 – 2nd SOC from 01 Feb
Down
17675 – TPO POC (02 Feb)
17620 – LVN from 02 Feb
17576 – Buying Tail (02 Feb)
17522 – Monthly IBL
17472 – Previous Day Low
17440 – PBL from 20 Oct
17394 – Buying Tail (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: 40937 [ 41040/ 40005 ]
BNF opened with a 440 point gap down and continued to probe lower in previous day’s responsive buying tail but took support at 30th Jan’s LVN of 40014 while making a low of 40005 and reversed the probe to the upside for the rest of the A period as it went on to tag the Mid-profile singles of 40926 in the process of making a high of 40929 leaving a large IB range of 923 points.
The auction remained in this A TPO range for most part of the day forming a ‘p’ shape profile before it made an attempt to extend the range to the upside in the K & L periods but could only tag the extension handle of 41030 & left a small responsive selling tail from 41040 to 40987 before closing just above the IBH leaving a Normal Day & an Inside Bar with completely lower Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction in Range (OAOR)
- The Day type was a Normal Day (Inside Bar)
- Largest volume was traded at 40541 F
- Vwap of the session was at 40616 with volumes of 62.9L and range of 1035 points as it made a High-Low of 41040-40005
- 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 40360-40541-40847
HVNs – 40618 / 40726 / 42115
(** indicates series POC)
BNF (Feb) Weekly Settlement Profile (27th Jan to 02nd Feb 2023)
40937 [ 42252 / 39718 ]
BNF opened the week with an Open Drive Down from just below the weekly POC of 41863 leaving a 1379 point range DD profile on Friday where it made a low of 40421 and continued the downside imbalance with another A period selling tail on Monday where it made new lows for the week at 39736 but left a responsive buying tail indicating shorts booking out. The auction then formed Value above pevious sesison’s VWAP on Tuesday signalling some demand coming back as it formed a Normal day with a mini spike higher into the close to 41169 and continued this upside imbalance on Wednesday where it got accepted in this week’s Initiative Selling Singles and went on to hit new highs for the week at 42252 but stopped just short of 25th Jan’s selling extension handle of 42255 which triggered a humongous drop of 2533 points as BNF made new lows for the week at 39718 but left a long responsive tail which was defend on Thursday with an initaitve one as it closed off with a Normal Day.
The weekly profile is a Neutral One with a tail at top from 42080 to 42252 along with completely lower Value at 40294-40636-41284 and has formed overlapping Value for 4 out of the 5 sessions and the only session it did not, it left a daily VPOC at 41488 which will be the important swing reference on the upside along with that day’s VWAP of 41270 where as on the downside, this week’s HVN of 40734 & the prominent POC of 40636 will be the immediate support zone to watch and would need initiative selling volumes at or below the VAL of 40294 for a fresh imbalance on the downside to begin.
Click here to view this week’s daily profiles in BNF on MPLite
Business Areas for 03rd Feb 2023:
Up
40965 – Closing HVN (02 Feb)
41151 – LVN from 01 Feb
41270 – Neux VWAP (01 Feb)
41382 – IB LVN (01 Feb)
41488 – dPOC from 01 Feb
41598 – 2nd SOC from 01 Feb
41827 – SOC from 01 Feb
42080 – Selling tail (01 Feb)
Down
40929 – Spike Low (02 Feb)
40728 – Anomaly from 02 Feb
40616 – VWAP from 02 feb
40470 – HVN from 02 feb
40292 – Buying Tail (02 Feb)
40140 – Single mid-point
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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