Nifty Apr F: 22200 [ 22249 / 22113 ]
| Open Type |
|---|
| OAOR (Open Auction) |
| Volumes of 27,229 contracts |
| Initial Balance |
|---|
| 104 points (22249 – 22145) |
| Volumes of 56,663 contracts |
| Day Type |
|---|
| Normal Variation – 136 pts |
| Volumes of 1,57,026 contracts |
NF opened with yet another gap down and made similar highs in the IB suggesting exhaustion to the upside at 22249 after which it made multiple REs lower from the F to the I TPOs testing the 22nd Mar A period singles and took support just above 21st Mar’s VPOC of 22108 as it made a low of 22113 and left a small responsive buying tail to get back to 22220 into the close leaving a balanced profile with competely lower value
.Click here to view the latest profile in NF on Vtrender Charts
Daily Zones
- Largest volume (POC) was traded at 22231 F and VWAP of the session was at 22199
- Value zones (volume profile) are at 22180-22230-22246
- NF confirmed a FA at 22845 on 09/04 and tagged the 2 ATR objective downside of 22476 on 15/04
- NF confirmed a FA at 22517 on 15/04 and tagged the 2 ATR objective downside of 22178 on 16/04.
- HVNs are at 22553 (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (05-11 Apr) – NF has formed a Double Distribution (DD) Trend Up profile on the weekly with completely higher Value at 22669-22768-22837 with the VWAP at 22707 which will be a zone of support along with the DD singles from 22662 to 22600 for the coming week where as on the upside it needs to sustain above 22837 to continue recording new ATHs
- (01-04 Apr) – NF has formed a Neutral Centre weekly profile in a narrow range of just 249 points forming completely higher Value at 22532-22607-22636 with the VWAP at 22566 and has closed right at the prominent POC which is also the Roll Over point of this series and has a good chance of giving an imbalance in the coming week.
Monthly Zones
- The settlement day Roll Over point (April 2024) is 22607
- The VWAP & POC of Mar 2024 Series is 22168 & 22001 respectively
- The VWAP & POC of Feb 2024 Series is 21956 & 21930 respectively
- The VWAP & POC of Jan 2024 Series is 21581 & 21635 respectively
Business Areas for 18th Apr 2024
| Up |
| 22210 – Closing HVN (16 Apr) 22267 – Gap mid (16 Apr) 22302 – IB singles mid (16 Apr) 22342 – Daily Ext Handle (16 Apr) 22385 – SOC (15 Apr) 22454 – VPOC (15 Apr) |
| Down |
| 22173 – L TPO VWAP (16 Apr) 22139 – I TPO VWAP (16 Apr) 22108 – VPOC (20 Mar) 22063 – VWAP (20 Mar) 22008 – D TPO h/b (20 Mar) 21950 – VPOC (14 Feb) |
BankNifty Apr F: 47660 [ 47735 / 47422 ]
| Open Type |
|---|
| OA (Open Auction) |
| Volumes of 22,163 contracts |
| Initial Balance |
|---|
| 279 points (47735 – 47422) |
| Volumes of 47,858 contracts |
| Day Type |
|---|
| Normal – 313 points |
| Volumes of 1,22,845 contracts |
BNF formed a narrow range ‘p’ shape profile for the day after making a hat-trick of lower opens leaving an important A period buying tail from 47515 to 47422 along with a prominent POC at 47604 which will need to hold in the coming session(s) to mark a swing low and a probable move to the upside towards the spike high of 47932 & VPOC of 48166 from 15th Apr
Click here to view the latest profile in BNF on Vtrender Charts
Daily Zones
- Largest volume (POC) was traded at 47604 F and VWAP of the session was at 47588
- Value zones (volume profile) are at 47501-47604-47657
- HVNs are at 47881 (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (12-16 Apr) – BNF had a holiday shortended 3-day week but still formed a Triple Distribution Trend Down profile with a huge range of 1493 points aided by 3 gap down opens of 268, 312 & 252 points respectively leaving the first zone of singles from 48670 to 48320 and another extension handle at 48077 with the second low volume zone till 47700 forming overlapping to lower value at 47784-48753-48913 with this week’s VWAP of 48147 being a swing sell side reference for the rest of the series.
- (04 – 10 Apr) – BNF left a Double Distribution Trend Up weekly profile moving away from previous Value and making higher highs on all 5 days but displayed exhaustion via similar highs at 49075 & 49086 resulting in profit booking by the longs as it formed a prominent TPO POC at 48960 where it eventually closed with Value completely higher at 48424-48687-49085 with this week’s VWAP of 48563 which will be an important support for the coming week along with the DD extension handle of 48494.
- (28 Mar-03 Apr) – BNF has formed a composite ‘p’ shape profile for the week with completely higher Value at 47699-47881-48023 leaving a buying tail from 47405 to 47264 and closing around the ultra prominent POC of 47881 which will be the reference for the coming week and would need initiative volumes for a move away from this magnet. This week’s VWAP of 47779 will be the first zone of support whereas on the upside, 13th Mar’s FA of 48024 will need to show buy side activity for a probe towards the higher weekly VPOC of 48152 & HVN of 48368.
Monthly Zones
- The settlement day Roll Over point (April 2024) is 47190
- The VWAP & POC of Mar 2024 Series is 47051 & 47300 respectively
- The VWAP & POC of Feb 2024 Series is 46119 & 45700 respectively
- The VWAP & POC of Jan 2024 Series is 46353 & 48119 respectively
Business Areas for 18th Apr 2024
| Up |
| 47700 – Spike low (16 Apr) 47825 – Closing tail (15 Apr) 47932 – Spike high (15 Apr) 48077 – Ext Handle (15 Apr) 48166 – VPOC (15 Apr) 48320 – Selling Tail (15 Apr) |
| Down |
| 47670 – Closing HVN (16 Apr) 47515 – Buying Tail (16 Apr) 47411 – A TPO h/b (28 Mar) 47337 – HVN (28 Mar) 47215 – Weekly VPOC (21-27 Mar) 47122 – Weekly VAL (21-27 Mar) |
You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.