Nifty Jan F: 23795 [ 23890 / 23738 ]
Open Type |
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OAIR (Open Auction) |
Volumes of 37,921 contracts |
Initial Balance |
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151 points (23890 – 23737) |
Volumes of 80,771 contracts |
Day Type |
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Normal – 151 pts |
Volumes of 1,70,033 contracts |
NF opeend above previous day’s POC of 23729 and went on to probe higher tagging 23890 in the A period but could not sustain in the D TPO selling singles from 06th Jan’s Trend Down profile and consolidated in a narrow range for the rest of the day forming a ‘p’ shape profile and an Inside Bar.
The imbalance seen on the downside paved way for a balance with a buying tail from 23776 to 23739 which will be the zone to break for the trend to continue towards 23564 & 23520 in the coming session whereas on the upside, the auction will need to stay above the series POC of 23803 and take out the RS POC of 23850 for a test of 23975 & 24033.
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Daily Zones
- Largest volume (POC) was traded at 23842 F and VWAP of the session was at 23822
- Value zones (volume profile) are at 23788-23842-23848
- HVNs are at 23803** / 24113 / 24285 (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (20 – 26 Dec) – to be updated…
Monthly Zones
- The settlement day Roll Over point (Jan 2025) is 23915
- The VWAP & POC of Dec 2024 Series is 24193 & 24621 respectively
- The VWAP & POC of Nov 2024 Series is 23978 & 24185 respectively
- The VWAP & POC of Oct 2024 Series is 24776 & 24400 respectively
Business Areas for 08th Jan 2025
Up |
23803 – Jan POC 23850 – I TPO RS POC (07 Jan) 23900 – D TPO VWAP (06 Jan) 23975 – C TPO POC (06 Jan) 24033 – C TPO VWAP (06 Jan) 24072 – SOC (06 Jan) |
Down |
23776 – Buy Tail (07 Jan) 23729 – VPOC (06 Jan) 23660 – Jan RB 23602 – Swing Low (31 Dec) 23565 – Weekly ATR 23520 – 1 ATR (23795) |
You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.