Nifty Mar F: 17623 [ 17728 / 17556 ]
NF extended previous day’s imbalance with a probe lower in the A period as it made a look down below the 01st Feb Budget Day profile lows of 17576 but could only manage marginal new lows of 17556 after which it saw an opposite move in the B TPO as it made new highs for the day at 17710 and made the dreaded C side extension to the upside tagging 17726 and stalled just below yesterday’s VWAP of 17742.
The auction then left a small responsive selling tail at the top & returned back to balance as it formed a Gaussian Curve and a 3-1-3 profile for the day with overlapping to lower Value & looks good to give a move away from here in the coming session(s).
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction (OA)
- The Day Type was a Normal Day (Gaussian Curve)
- Largest volume was traded at 17694 F
- Vwap of the session was at 17652 with volumes of 95.6 L and range of 172 points as it made a High-Low of 17728-17556
- The settlement day Roll Over point (Mar 2023) is 17635
- The VWAP & POC of Feb 2023 Series is 17779 & 17837 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 17630-17694-17699
HVNs – 17690
(** indicates series POC)
NF (Mar) Weekly Settlement Profile (17th to 23rd Feb 2023)
17623 [ 18147 / 17556 ]
NF opened with a rejection of the attempt it made on the last day of previous settlement week to probe above the 01st Feb Budget Day highs and made an One Time Frame move lower on all 5 days of the current week starting with an initiative selling tail from 18121 to 18147 and ending the week with a look down below the 01st Feb lows forming a Double Distribution (DD) Trend Down profile with completely lower Value at 17565-17664-17791 and a close in the lowest segment so will need to first get above the prominent POC of 17664 above which the important reference on the upside would be the VWAP of 17784 and the DD zone roughly from 17795 to 17910 with the upper profile HVN at 17964
Click here to view this week’s daily profiles in NF on MPLite
Business Areas for 24th Feb 2023:
Up
17635 – Mar series RO point
17694 – dPOC from 23 Feb
17742 – VWAP from 22 Feb
17784 – weekly VWAP
17817 – Selling Tail (22 Feb)
17851 – IB singles mid (22 Feb)
Down
17596 – PBL from 23 Feb
17568 – Buying Tail (23 Feb)
17526 – 1 ATR from yPOC
17472 – 01 Feb Swing 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 Mar F: 40302 [ 40437/ 39870 ]
BNF also extended previous day’s Trend Day Down’s imbalance as it probed below the 01st Feb Swing Low of 39938 in the IB (Initial Balance) but was swiftly rejected as the B period overlapped the A TPO range making new highs for the day at 40400 and carried over this momentum with marginal new highs of 40437 in the C getting stalled just below yesterday’s VWAP of 40453 marking the end of the upside.
The auction then remained in a narrow range leaving couple of PBLs (Pull Back Low) at 40060 & 40200 forming a ‘p’ shape profile for the day with a close at the prominent TPO HVN of 40302 forming completely inside Value and a small initiative buying tail from 39975 to 39870 which will be the support zone as the new series begins.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction (OA)
- The Day Type was a Normal Day (‘p’ shape profile)
- Largest volume was traded at 40357 F
- Vwap of the session was at 40238 with volumes of 35.8 L and range of 568 points as it made a High-Low of 40437-39870
- The settlement day Roll Over point (Mar 2023) is 40365
- The VWAP & POC of Feb 2023 Series is 41031 & 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 40179-40357-40382
HVNs – 40365
(** indicates series POC)
BNF (Mar) Weekly Settlement Profile (17th to 23rd Feb 2023)
40302 [ 41860 / 39870 ]
BNF opened the week with a move away to the downside from last week’s POC of 41853 and made lower lows on all 5 days leaving a Double Distribution Trend Down profile with completely lower Value at 39888-40284-40769 with the DD zone from 40464 to 40842 with the VWAP of 40624 being the important positional reference for the new series to start with.
Click here to view this week’s daily profiles in BNF on MPLite
Business Areas for 24th Feb 2023:
Up
40357 – dPOC from 23 Feb
40453 – VWAP from 22 Feb
40540 – Extension Handle (22 Feb)
40665 – Selling Tail (22 Feb)
40757 – IB Singles mid (22 Feb)
40861 – 21 Feb singles
Down
40357 – dPOC from 23 Feb
40453 – VWAP from 22 Feb
40540 – Extension Handle (22 Feb)
40665 – Selling Tail (22 Feb)
40757 – IB Singles mid (22 Feb)
40861 – 21 Feb
