Nifty Feb F: 17945 [ 17975 / 17820 ]
NF started with a Drive like Open right from the yPOC of 17910 as it probed into yesterday’s buying tail making a low of 17825 in the A period and began the B with new lows of 17820 which was also the weekly IBH and previous HVN where the auction not only stalled the downside but reversed the probe for the rest of the day forming another ‘p’ shape profile with a PBL at 17867 in the G period and new highs of 17975 in the J and saw the dPOC shift higher to 17945 into the close leaving a nice 2-day composite with Value at 17870-17906-17930.
Click here to view the MPLite chart of the 2-day composite in NF
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 Variation Day – Up (‘p’ shape profile)
- Largest volume was traded at 17943 F
- Vwap of the session was at 17906 with volumes of 64.6 L and range of 154 points as it made a High-Low of 17975-17820
- 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 17884-17943-17974
HVNs – 17676 / 17796 / 17904** / 18240
(** indicates series POC)
NF Weekly Settlement Profile (03rd to 09th Feb 2023)
17945 [ 17975 / 17635 ]
- Friday – NF opened above the prominent weekly POC of 17679 but settled down into an OAOR (Open Auction Out of Range) triggering a probe lower as it made a low of 17635 where it got some good demand resulting in a trending move higher in the second half and a Neutral Extreme (NeuX) Day Up of 291 points as it made a high of 17927 but saw the dPOC shifting higher to 17910 indicating buyers booking out
- Monday – NeuX profiles are known for not giving any follow through as the auction formed an ultra narrow 123 point range Normal Day between 17867 to 17744 filling up the low volume zone & building a prominent POC at 17796 with both range & value being completely inside
- Tuesday – was an action replay of Monday except that it made a look down below PDL but made similar lows at 17703 signalling exhaustion to the downside & ended up forming yet another balance with completely overlapping Value and a close at the prominent POC of 17786
- Wednesday – NF gave a move away from this 2-day balance with an A period buying tail from 17786 to 17841 but could only form a short covering ‘p’ shape profile as it formed similar highs in the 17935 zone and saw the dPOC shifting higher to 17910 where it eventually closed
- Thursday – opened with a drive down from yPOC of 17910 but ended up making similar lows in the IB at 17820 which was the weekly IBH too which meant the downside was limited after which the auction made a slow probe higher even hitting new highs for the week at 17975 but for the sixth consecutive day closed at the dPOC of 17945 forming yet another 2-day balance
The weekly profile resembles a DD (Double Distribution) in a narrow 339 point range with 2 HVNs at 17802 & 17905 in the lower & upper zones respectively and has formed overlapping to higher Value at 17779-17905-17923 and could fill up the zone between these 2 HVNs in the coming week unless gets initiative volumes above 17945 for a move towards the old weekly NeuX VWAP of 18125
Click here to view this week’s daily profiles in NF on MPLite
Business Areas for 10th Feb 2023:
Up
17960 – Selling tail (09 Feb)
18008 – SOC from 01 Feb
18063 – Poor High (01 Feb)
18111 – Extension Handle (24 Jan)
18169 – IB Singles Mid (24 Jan)
Down
17943 – dPOC from 09 Feb
17906 – VWAP from 09 Feb
17867 – PBL from 09 Feb
17823 – 2-day comp VAH
17786 – VPOC from 07 Feb
17748 – SOC from 07 Feb
(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: 41716 [ 41753/ 41365 ]
BNF also made a drive down from the yPOC of 41673 as it not only swiped through previous day’s range but went on to complete the 80% Rule in the earlier 2-day balance breaking below the composite POC of 41512 & the 07th Feb SOC (Scene Of Crime) at 41415 while making a low of 41365 in the A period.
The auction however could not sustain below the 2-day composite Value and made the reverse 80% Rule from the B to the J TPOs and even made couple of attempts to extend higher in the J & M periods as it hit new highs of 41752 into the close leaving a Normal Day with mostly lower Value but has formed a nice 4-day composite with Value at 41476-41494-41692. (Click here to view the 4-day composite on MPLite)
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 Day
- Largest volume was traded at 41479 F
- Vwap of the session was at 41548 with volumes of 37.3 L and range of 387 points as it made a High-Low of 41753-41365
- 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 41385-41479-41621
HVNs – 40600 / 40726 / 41482** / 42115
(** indicates series POC)
BNF (Feb) Weekly Settlement Profile (03rd to 10th Feb 2023)
41716 [ 41921 / 40766 ]
The weekly profile resembles a composite ‘p’ shape with completely higher Value at 41450-41504-41756 after BNF moved away from previous week’s Value with a NeuX Up Day on Friday and followed it up with a 4-day balance from where it looks godd to start a fresh imbalance in the coming settlement week.
Click here to view this week’s daily profiles in BNF on MPLite
Business Areas for 10th Feb 2023:
Up
41724 – Selling tail (09 Feb)
41805 – Selling Tail (08 Feb)
41965 – Jan 2023 series VWAP
42080 – Selling tail (01 Feb)
42255 – Extension Handle (25 Jan)
42336 – Mid-profile singles (25 Jan)
42475 – Weekly NeuX VWAP (20-25 Jan)
Down
41692 – 4-day comp VAH
41598 – SOC from 09 Feb
41479 – dPOC from 09 Feb
41383 – Buying Tail (09 Feb)
41265 – Buying tail (07 Feb)
41148 – HVN from 03 Feb
41022 – SOC from 03 Feb
(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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