Nifty Mar F: 22102 [ 22149 / 22020 ]
| Open Type |
|---|
| OAOR (Open Auction Out of Range) |
| Volumes of 19,865 contracts |
| Initial Balance |
|---|
| 104 points (22144 – 22040) |
| Volumes of 42,346 contracts |
| Day Type |
|---|
| Neutral Centre – 129 pts |
| Volumes of 1,33,047 contracts |
NF opened higher well above 19th Mar’s selling tail of 22048 and went on to tag the VPOC of 22094 of 18th while leaving an extension handle in the B period as it even tagged the 2-day composite VPOC (15-18 Mar) of 22138 while making a high of 22144 in the IB.
The auction then made a very narrow inside bar in the C before making an attempt to continue higher in the D TPO but could only manage marginal new highs of 22149 where it failed to get fresh demand at the 2-day VAH and made a swift liquidation drop even resulting in a RE to the downside in the F period where it made a low of 22021 leaving a FA at top.
However, NF could only manage to tag 22020 in the G TPO indicating lack of supply in this zone and got back into the IB making a slow probe back to check the SOC (Scene Of Crime) of 22116 into the close leaving a second successive Neutral Centre Day with completely higher Value but has a probable FA at 22149 which needs to negated for more upside 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 22077 F and VWAP of the session was at 22088
- Value zones (volume profile) are at 22047-22077-22114
- NF confirmed a FA at 22018 on 18/03. This FA was broken on 19/03 and tagged the 1 ATR target on downside of 21808 on 20/03
- HVNs are at 22393 / 22443** / 22497 / 22596 (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (15-21 Mar) – NF has formed a Neutral Centre weekly profile with completely lower Value at 21951-22077-22215 which also represents a Double Distribution with a failed RE on the upside at 22219 which resulted in a test of the weekly & daily VPOCs of 21900 (09-15 Feb) & 21799 (14-Feb)respectively from where it gave a good bounce back to 22149 into the closing day. This week’s prominent POC of 22077 & VWAP of 22032 would be the levels which will need to hold for a probable move higher towards previous week’s VWAP of 22316 & VPOC of 22442 in the final weekly settlement of this series
- (08-14 Mar) – NF has formed a Double Distribution Trend Down profile on the weekly as it left an initiative selling tail at previous week’s VAH and went on to probe lower swiping through the Value Areas of last couple of weeks tagging the 23-29 Feb’s VPOC of 22113 and made a low of 22025 taking support just above the daily FA of 22022 from 29th Feb. Value for the week was overlapping on both sides at 22286-22442-22593 with the VWAP at 22316 which will be the immediate supply point for the new week
- (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 22nd Mar 2024
| Up |
| 22127 – E TPO POC (21 Mar) 22188 – Mar RO Point 22229 – 1 ATR (FA 22018) 22266 – VPOC (14 Mar) 22301 – G TPO VWAP (14 Mar) 22333 – Ext Handle (13 Mar) |
| Down |
| 22100 – M TPO low (21 Mar) 22054 – PBL (21 Mar) 22001 – Ext Handle (19 Mar) 21968 – 2-day VAH (19-20 Mar) 21924 – 1 ATR (FA 22149) 21878 – 2-day VAL (19-20 Mar) |
BankNifty Mar F: 46794 [ 47142 / 46629 ]
| Open Type |
|---|
| OA (Open Auction ) |
| Volumes of 24,798 contracts |
| Initial Balance |
|---|
| 442 points (47142 – 46700) |
| Volumes of 58,047 contracts |
| Day Type |
|---|
| Normal – 512 points |
| Volumes of 1,65,133 contracts |
BNF also opened higher moving away from the 4-day VAH of 46787 as it first made a high of 46986 in the A period and continued to probe up in the B tagging the 14th Mar’s VPOC of 47024 and making a high of 47142 but showed signs of profit booking in the VWAP zone from that day as it could not take out the higher business area of 47199.
The auction then made a lower low in the C side which was followed by a narrow inside bar in the D TPO but could not get anymore fresh demand at the VWAP which triggered a fresh move lower in the F & G periods taking it back into the 4-day composite Value and almost hitting the first objective of the 80% Rule which it to tag the POC as it made a low of 46629.
However, there was no fresh addition of supply in this zone as BNF coiled for the rest of the day forming a narrow range Normal Day with completely higher value building volumes at 46797 where it eventually closed and will be the opening reference for the next session.
Click here to view the latest profile in BNF on Vtrender Charts
Daily Zones
- Largest volume (POC) was traded at 46797 F and VWAP of the session was at 46881
- Value zones (volume profile) are at 46758-46797-46965
- BNF confirmed a FA at 47684 on 13/03 and tagged the 2 ATR objective of 46442 on 15/03. This FA is currently on ‘T+7’ Days
- HVNs are at 47521** / 48217 (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (14-20 Mar) – The weekly profile is a Normal Varation one to the downside representing a composite ‘b’ shape with completely lower Value at 46361-46612-46867 with the VWAP being at 46690 and has a rather prominet TPO POC from where it could give a move away in the last weekly settlement of this series
- (07-13 Mar) – BNF has formed an inside bar on the weekly with overlapping to lower value at 47000-47518-47593 and is a Trend Down one which has moved away to the downside from the prominent POC of 47518 so this week’s VWAP of 47600 will now be the swing reference for the coming week
- (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 22nd Mar 2024
| Up |
| 46797 – POC (21 Mar) 46945 – E TPO h/b (21 Mar) 47125 – Sell tail (21 Mar) 47280 – I TPO VWAP (14 Mar) 47439 – Sell tail (14 Mar) 47582 – C TPO h/b (13 Mar) |
| Down |
| 46738 – PBL (1 Mar) 46612 – 4-day VPOC (15-20 Mar) 46449 – 4-day VAL (15-20 Mar) 46292 – E TPO VWAP (20 Mar) 46161 – SOC (20 Mar) 46022 – Buy tail (20 Mar) |