Nifty Mar F: 17645 [ 17818 / 17635 ]
NF opened in previous day’s spike & made a look up above it but was swiftly rejected from 17818 and dropped quickly to 17700 in the IB once the spike low of 17778 was broken stalling right at yesterday’s initiative buying tail of 17701 to 17654 as it left a new A period selling tail from 17769 to 17818.
The auction then gave a bounce back above VWAP in the D & E periods but could only manage to leave a PBH at 17770 right at the base of the morning singles indicating supply was still active & this led to a fresh OTF (One Time Frame) probe lower for the rest of the day as NF made a low right at the RO (Roll Over) point of this series of 17635 and saw the dPOC shift lower to 17662 indicating profit booking by the sellers just above the Trend Day VWAP of 17625 which will be the reference for the next open.
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- The NF Open was an Open Rejection Reverse – Down (ORR – on low volumes)
- The Day Type was a Normal Variation Day – Down (Outside Bar)
- Largest volume was traded at 17640 F
- Vwap of the session was at 17705 with volumes of 75 L and range of 187 points as it made a High-Low of 17818-17635
- The settlement day Roll Over point (Mar 2023) is 17635
- The VWAP & POC of Feb 2023 Series is 17717 & 17839 respectively.
- The VWAP & POC of Jan 2023 Series is 17923 & 18132 respectively.
- The VWAP & POC of Dec 2022 Series is 18337 & 18584 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 17635-17640-17724
HVNs – 17448** / 17690
(** indicates series POC)
NF (Mar) Weekly Settlement Profile (03rd to 09th Mar 2023)
17645 [ 17864 / 17476 ]
- Friday – NF opened with an Open Drive Up confirming a move away from previous week’s balance leaving an initiative buying tail from 17539 to 17475 along with 3 extension handles at 17562 / 17594 & 17649 as it formed the first Trend Day Up since 30th Sep 2022
- Monday – saw the imbalance continue with another Drive like open as the auction got into the weekly DD singles (17th to 23rd Feb) hitting new highs of 17840 in the IB but could not manage to extend much in the couple of attempts it made forcing the buyers to book profits as the dPOC shifted higher to 17832 forcing the laggard longs to exit causing a drop to 17761 into the close almost negating the entire A period buying tail
- Tuesday – Holiday
- Wednesday – The market opened lower after the break and went on to tag Friday’s VPOC of 17666 while making a low of 17654 and found demand coming back as it left an initiative buying tail but could only form a ‘p’ shape profile for most part of the day before giving a spike higher from 17778 to 17805 into the close with the dPOC shifting to the top indicating longs booking out
- Thursday – NF made a look up above the spike but could not get fresh demand resulting in the sellers taking conttol with an initiative tail from 17770 to 17818 & continued to probe lower making a low of 17635 forming an Outside Day with the dPOC shifting to 17640
The weekly settlement profile is a Normal Variation one to the upside resembling a ‘p’ shape with completely higher Value at 17651-17666-17826 but has closed below the VAL so will have the Trend Day VWAP of 17625 & the Buying tail from 17539 as the important references for the coming week to the downside below which the auction could go for a test of previous week’s VPOC of 17448 whereas on the upside, this week’s POC of 17666 & VWAP of 17707 will need to be sustained along with fresh demand for a probe towards Monday’s VPOC of 17832 and higher.
Click here to view this week’s settlement profile in NF on Vtrender Charts
Business Areas for 10th Mar 2023:
Up
17660 – HVN from 09 Mar
17705 – VWAP from 09 Mar
17756 – HVN from 09 Mar
17794 – IB singles mid (09 Mar)
17832 – VPOC from 06 Mar
17878 – Monthly 1.5 IB
Down
17640 – dPOC from 09 Mar
17594 – Extension Handle (03 Mar)
17562 – IB ext handle (03 Mar)
17507 – IB singles mid (03 Mar)
17448 – Weekly VPOC (24Feb-2Mar)
17400 – VPOC from 02 Mar
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Mar F: 41409 [ 41765 / 41368 ] 
BNF opened with a probe above the spike high of 41749 but could only manage 41759 getting swiftly rejected triggering a quick probe lower as it not only broke below the spike low of 41646 but went on to make a low of 41535 in the IB holding just above yVWAP of 41502 which in turn got back some demand resulting in a probe higher till the E period where it made manage marginal new highs of 41765 once again getting rejected above PDH.
This fresh rejection then caused a trending move lower for the rest of the day as the auction made multiple REs to the downside starting from the G TPO and in the process confirmed a FA (Failed Auction) at highs and went on to make a low of 41368 into the close leaving a Neutral Extreme Day Down but saw the dPOC shift lower to 41379 indicating profit booking by the sellers.
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- The BNF Open was an Open Auction (OA)
- The Day Type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 41456 F
- Vwap of the session was at 41556 with volumes of 28 L and range of 396 points as it made a High-Low of 41765-41368
- BNF confirmed a FA at 41765 on 09/03 & the 1 ATR objective on the downside comes to 41248
- The settlement day Roll Over point (Mar 2023) is 40365
- The VWAP & POC of Feb 2023 Series is 40880 & 41462 respectively.
- The VWAP & POC of Jan 2023 Series is 41965 & 42320 respectively.
- The VWAP & POC of Dec 2022 Series is 43030 & 43128 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 41417-41456-41673
HVNs – 40365 / 40494** (** indicates series POC)
BNF (Mar) Weekly Settlement Profile (03rd to 09th Mar 2023)
41409 [ 41799 / 40755 ]
- Friday – BNF moved away from the upper HVN of previous week of 40800 with an initiative buying tail from 40998 to 40755 after which it left couple of extension handles at 41186 & 41293 and went on to make a high of 41560 leaving the first Trend Day Up after 26th Dec 2022 though it closed around the prominent dPOC of 41419
- Monday – The auction opened higher & went on to make new highs of 41799 in the IB but could not extend any further stalling below the weekly VPOC of 41853 (10th to 16th Feb) marking the end of the upside as it formed a long liquidation ‘b’ shape profile for the day making a low of 41425 and closing around the promient dPOC of 41535
- Tuesday – Holiday
- Wednesday – saw a gap down open of more than 150 points along with a test of Friday’s Trend Day VWAP of 41257 as BNF made a low of 41242 in the opening minutes but got good buying interest in this zone triggering a slow probe higher for most part of the day and a spike from 41646 to 41749 into the close
- Thursday – opened with a look up above the spike highs but got rejected triggering the first probe lower from 41759 to 41535 in the IB as the auction took support at the weekly HVN and gave a good bounce even making marginal new highs of 41765 but was once again turned back quickly resulting in a FA being confrimed & a Neutral Extreme Day Down with the dPOC shifting lower to 41456 into the close
The weekly settlement profile is a Normal ‘p’ shape one with completely higher Value at 41350-41418-41695 and has an initiative tail from 41161 to 40755 which will be the zone of support for the rest of the series whereas on the upside, BNF will need to get fresh demand above this week’s POC of 41418 along with the HVN of 41570 before negating the daily FA of 41765 and march towards the weekly VPOC of 41853 & the daily one of 42050.
Click here to view this week’s settlement profile in BNF on Vtrender Charts 
Click here to view this week’s settlement profile in NF on Vtrender Charts
Business Areas for 10th Mar 2023:
Up
41450 – NeuX zone high (09 Mar)
41557 – NeuX VWAP (09 Mar)
41670 – SOC from 09 Mar
41765 – FA from 09 Mar
41853 – Weekly VPOC
41951 – Tail from 16 Feb
42050 – VPOC from 16 Feb)
Down
41379 – Closing HVN (09 Mar)
41248 – 1 ATR tgt from FA
41161 – Mid-profile singles
40997 – Buying Tail (03 Mar)
40876 – IB singles mid (03 Mar)
40795 – Monthly IBH
(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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