Nifty Mar F: 22421 [ 22608 / 22392 ]
| Open Type |
|---|
| OAIR (Open Auction In Range) |
| Volumes of 8,139 contracts |
| Initial Balance |
|---|
| 121 points (22537 – 22416) |
| Volumes of 33,372 contracts |
| Day Type |
|---|
| Neutral Centre – 160 pts |
| Volumes of 1,22,450 contracts |
NF made a slow OAIR start but saw some big volumes coming in the second 15 minute bar as it probed higher above yVWAP of 22488 and made higher highs of 22536 in the IB (Initial Balance) leaving a long A period buying tail from 22490 to 22416 but then made the dreaded C side extension by the smallest margin which not only gave a retracement to day’s VWAP but went on to break below it triggering a quick liquidation break in the D TPO where it made a look down below PDL to tag 22378.
However, there was no fresh supply seen as the auction was swiftly rejected back into the IB and formed a balance for the rest of the day with the upside stalling right at C TPO’s POC of 22506 where it left a PBH in the I period before settling down to close around day’s POC of 22442 leaving a Neutral Centre Day.
Value was mostly overlapping giving way to a nice 2-day composite at 22427-22442-22523 with the POC overlapping with the Mar series developing POC too so has a good chance of a fresh imbalance to begin in the coming session(s).
Click here to view the latest profile in NF on Vtrender Charts
Daily Zones
- Largest volume (POC) was traded at 22442 F and VWAP of the session was at 22462
- Value zones (volume profile) are at 22429-22442-22505
- NF confirmed a FA at 22022 on 29/02 and completed the 2 ATR objective of 22456
- HVNs are at 22393 / 22443** / 22497 / 22596 (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (01-07 Mar) – NF opened the week with an initiative probe to the upside right from the Mar RO point of 22188 as it left a buying tail from 22259 to 22180 and went on to record similar highs of 22547 & 22545 triggering a round of profit booking as it made a retracement down to 22322 taking support just above previous week’s VAH of 22293 and saw demand coming back resulting in a fresh imbalance and new ATH of 22620 but lack of fresh buying led to another round of profit booking as the auction came down to 22526 before closing the week at 22552 leaving a Normal Variation profile with completely higher Value at 22335-22443-22551 with the VWAP at 22452.
Monthly Zones
- The settlement day Roll Over point (March 2024) is 22188
- The VWAP & POC of Feb 2024 Series is 21956 & 21930 respectively
- The VWAP & POC of Jan 2024 Series is 21581 & 21635 respectively
- The VWAP & POC of Dec 2023 Series is 21226 & 21377 respectively
Business Areas for 13th Mar 2024
| Up |
| 22462 – VWAP (12 Mar) 22503 – PBH (12 Mar) 22538 – C side (12 Mar) 22570 – A TPO POC (11 Mar) 22636 – 1 ATR (yPOC 22442) |
| Down |
| 22442 – POC (12 Mar) 22416 – IBL (12 Mar) 22365 – SOC (06 Mar) 22316 – Ext Handle (01-Mar) 22259 – Buy Tail (01-Mar) |
BankNifty Mar F: 47527 [ 48034 / 47162 ]
| Open Type |
|---|
| OAIR (Open Auction In Range) |
| Volumes of 10,759 contracts |
| Initial Balance |
|---|
| 624 points (48034 – 47410) |
| Volumes of 73,602 contracts |
| Day Type |
|---|
| Normal – 871 points |
| Volumes of 2,57,217 contracts |
BNF also made a slow OAIR start in previous value but similar to NF got big volumes in the second half of the A period which saw it scale above yVWAP of 47624 and forge a trending move higher of over 400 points as it hit 48034 in the B TPO stalling right at 07th Mar’s VWAP of 48035.
The C side then played spoilsport as it left a SOC (Scene Of Crime) at 47940 and got into the long A period singles negating it completely which was followed by a RE lower in the D where the auction went on to tag 01st Mar’s Trend Day VWAP of 47186 while making a low of 47162 and saw demand coming back.
BNF then made a retracement back to 47739 in the J TPO before coiling into the close as it settled down around the POC of 47519 leaving an Outside Day both in terms of value and range with the Mar series POC also here at 47521 so we have a chance of a fresh imbalance shaping up from here provided it is backed with some initiative volumes at the open.
Click here to view the latest profile in BNF on Vtrender Charts
Daily Zones
- Largest volume (POC) was traded at 47519 F and VWAP of the session was at 47593
- Value zones (volume profile) are at 47223-47519-47730
- HVNs are at 47521** / 48217 (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (01-06 Mar) – BNF left a Trend Up weekly profile hitting the 2 IB target of 48343 forming completely higher value at 47444-47567-48229 with a closing HVN at 48217 which will be the immediate reference on the upside in the coming week staying above which it could go for the higher VPOC of 48480 and HVN of 48864 from the weekly profile of 11th to 17th Jan whereas on the downside, this week’s VWAP of 47694 will be an important swing support.
Monthly Zones
- The settlement day Roll Over point (March 2024) is 46610
- The VWAP & POC of Feb 2024 Series is 46119 & 45700 respectively
- The VWAP & POC of Jan 2024 Series is 46353 & 48119 respectively
- The VWAP & POC of Dec 2023 Series is 47337 & 47918 respectively
Business Areas for 13th Mar 2024
| Up |
| 47540 – M TPO high 47674 – J TPO VWAP 47784 – C TPO VWAP 47940 – SOC (12 Mar) 48046 – VPOC (07 Mar) |
| Down |
| 47519 – POC (12 Mar) 47387 – Buy tail (12 Mar) 47249 – D TPO POC 47128 – E TPO VWAP (01 Mar) 46999 – Ext Handle (01 Mar) |
You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.