Nifty Feb F:
NF opened higher above the yPOC with a OL start at 10851 but stayed inside previous day’s Value and after the 2 big range days we had in the past 2 days, the OAIR start inside Value hinted at a relatively smaller range & quiet expiry. NF made a small IB range of just 44 points making a high of 10895 in the ‘A’ period and stayed in this narrow range till the ‘F’ period which was the first period to close below VWAP. (Click here to view the profile chart for better understanding) The auction continued to probe lower as it broke below IBL in the ‘G’ period and went on to make lower lows of 10833 in the ‘H’ period narrowly missing on the 1.5 IB range extension to the downside inspite of such a small IB. This along with the fact that NF was still in yesterday’s Value meant that the downside probe could be over which got confirmed as NF got back into IB and closed around VWAP in the ‘I’ period and continued the rotation to the upside in the ‘J’ period as it managed to get above IBH to make a new high at 10899 almost tagging the yVAH. The auction got rejected back into the IB immediately and probed lower as the next 2 periods ‘K’ & ‘L’ made lower highs & lower lows where NF tagged the IBL making a low of 10850 but again got rejected to give a close at the dPOC leaving a second consecutive Neutral Centre profile and the auction looks good to move away from here.
- The NF Open was a Open Auction In Range (in Value)
- The day type was a Neutral Centre Day
- Largest volume was traded at 10860 F
- Vwap of the session was at 10868 with volumes of 102 L in a session which traded a High-Low range of 10899-10833 for a range of 66 points
- NF had left a FA at 10580 on 26/12 & completed the 2 ATR move up to 10862. This FA has not been tagged and is now strong support
- The Trend Day VWAP & POC of 06/02 11046 & 11035 was broken on 08/02 and the closed below them so now they are no longer support levels
- The Trend Day VWAP & POC of 31/01 is at 10793 & 10775
- The VWAP & POC of Jan Series is 10795 & 10823 respectively.
- The VWAP & POC of Dec Series is 10796 & 10741 respectively.
- The VWAP & POC of Nov Series is 10480 & 10580 respectively.
You can check the monthly charts & other swing levels for Nifty & NF here & for the weekly charts & analysis, please click here.
Daily Zones:
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- Value zones (volume profile) are at 10850-10860-10878
Hypos / Estimates for the next session:
a) NF has immediate support at 10850-840 below which it gets weak for a move to 10802-785 and 10765
b) Staying above 10860 at open, NF can probe higher to tag 10878 & 10895
c) Below 10765, the auction can fall to the vPOC of 10730 & 10702
d) NF gets bullish above 10900 for a move to 10945 & 10965
BankNifty Feb F:
Report to be updated…
- The BNF Open was a Open Auction In Range (in Value)
- The day type was a Neutral Centre Day
- Largest volume was traded at 26970 F
- Vwap of the session was at 26977 with volumes at 14.5 L in a session which traded a High-Low range of 27055-26916 for a range of 138 points
- BNF confirmed a FA at 27195 today and tagged the 1 ATR move down at 26940. The 2 ATR move down comes to 26685.
- BNF confirmed a FA at 27384 on 12/02 and tagged the 2 ATR move down at 26736 on 15/02. This FA is now strong resistance.
- BNF confirmed a FA at 27716 on 23/1 and completed the 2 ATR move down hence is now strong resistance
- The VWAP & POC of Jan Series 27236 & 27514 respectively
- The VWAP & POC of Dec Series 26713 & 26832 respectively
- The VWAP & POC of Nov Series 25686 & 26218 (Spot) 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 26950-26970-27000
Hypos / Estimates for the next session:
- to be updated…
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