Nifty Feb F: 21921 [ 22225 / 21890 ]
| Open Type |
|---|
| OAIR (Open Auction In Range) |
| Volumes of 5,511 contracts |
| Initial Balance |
|---|
| 59 points (22225 – 22166) |
| Volumes of 17,144 contracts |
| Day Type |
|---|
| Trend Day – 335 pts |
| Volumes of 1,47,189 contracts |
NF made a look up above the 2-day composite VAH of 22212 but failed to get fresh demand as remained in a narrow range of just 59 points in the Initial Balance (IB) and after a quiet C side inside bar, the sellers came in strongly in the D period leaving an extension handle at 22166 and making a trending move lower for the rest of the day negating the FA of 22095 and almost tagging the 1 ATR objective to the downside of 21880 while making a low of 21890.
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Daily Zones
- Largest volume (POC) was traded at 22022 F and VWAP of the session was at 22035
- Value zones (volume profile) are at 21910-22022-22075
- NF confirmed a FA at 22095 on 27/02 and the 1 ATR objective comes to 22310. This FA got negated on 28/02 almost hitting the 1 ATR downside target of 21880 and is now a Swing Supply point.
- NF confirmed a FA at 22325 on 23/02 and completed the 1 ATR target of 22088 on 26/02. The 2 ATR objective comes to 21851
- HVNs are at 21813 (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (16-22 Feb) – NF remained above previous week’s closing HVN of 22020 on the first 3 days of the week but formed overlapping value in a narrow range inspite of hitting new highs of 22272 on 21st triggering a long liquidation drop down to 22022 on that day and a follow up lower on 22nd with new lows for the week at 21943 which brought buyers and forced the shorts to cover with a NeuX move on the daily back to 22270 leaving yet a narrow 329 point range balanced profile for the week with completely higher Value at 22041-22113-22214 with an ultra prominent POC at 22113 and VWAP also just above it at 22132
- (09-15 Feb) – NF remained below previous week’s Value for most part of the week forming lower lows on the first 4 days as it tagged 21600 on 14th but for the 2nd consecutive day left an A period tail indicating demand coming back triggering a move back into the prior week’s value as it went on to tag the prominent POC of 21996 while making a high of 22028 building a HVN at 22020 but formed mostly lower value for the week at 21646-21808-21887 which was a Neutral Extreme one to the upside so the VWAP of 21809 will now be a swing reference for the rest of the series
- (29 Jan-01 Feb) – NF opened higher this week and remained above previous week’s VWAP of 21540 throughout even making a look up above the highs of 21916 but left a daily FA at 21920 forming overlapping value on all 4 days leaving a Neutral profile and a nice Gaussian Curve with completely higher Value at 21726-21813-21869 with a very prominent POC which will act as a magnet unless we get an initiative move away from here in the coming week
- (19-25 Jan) – NF has formed a Neutral Extreme weekly profile in a relatively large range of 21916 to 21287 with mostly lower Value at 21349-21416-21583 and also represents a Double Distribution shape with the upper HVN at 21804 and a small zone of singles in the middle of the profile from 21640 to 21670 seperating the lower distribution where it has also left a small buying tail at a prior weekly VPOC of 21296 (08-14 Dec) which will be the support zone for the coming week whereas on the upside, this week’s VWAP of 21540 will need to taken out and sustained for a move towards 21804 and the mini tail from 21908
Monthly Zones
- The settlement day Roll Over point (February 2024) is 21419
- The VWAP & POC of Jan 2024 Series is 21581 & 21635 respectively
- The VWAP & POC of Dec 2023 Series is 21226 & 21377 respectively
- The VWAP & POC of Nov 2023 Series is 19562 & 19806 respectively
Business Areas for 29th Feb 2024
| Up |
| 21951 – L TPO VWAP 22005 – HVN (28 Feb) 22045 – E TPO VWAP 22080 – D TPO VWAP 22121 – D singles mid |
| Down |
| 21903 – Buy tail (28 Feb) 21851 – 2 ATR (FA 22325) 21808 – Weekly VPOC 21755 – Trend Day VWAP (14 Feb) 21690 – PBL from 14 Feb |
Spot Hypos for Monthly Expiry
| Up |
| 21953 – M TPO high 22006 – K TPO halfback 22050 – PBH (28 Feb) 22088 – Mid-profile tail 22128 – Monthly IBH |
| Down |
| 21938 – Buy tail (28 Feb) 21901 – IBL (22 Feb) 21861 – VPOC (15 Feb) 21823 – PBL (15 Feb) 21765 – K TPO h/b (14 Feb) |
BankNifty Feb F: 45852 [ 46767 / 45772]
| Open Type |
|---|
| OAIR (Open Auction In Range) |
| Volumes of 9,824 contracts |
| Initial Balance |
|---|
| 238 points (46730 – 46492) |
| Volumes of 39,680 contracts |
| Day Type |
|---|
| Trend– 994 points |
| Volumes of 2,32,460 contracts |
BNF made an OAIR start and made a look down below the 2-day composite VAL of 46530 as it made a low of 46492 in the B period but was rejected back triggering a probe back into the balance as it made new highs for the day at 46730 in the IB after which it made the dreaded C side extension to 46767 stalling right below 26th Feb’s K TPO VWAP of 46775.
The auction then saw sellers stepping up at this failure of buyers and drove lower in the D TPO leaving an extension handle at 46492 and confirming a fresh FA at highs as it went on to negate the previous day’s FA of 46310 and made a big move down to 45980 in the same TPO and after a brief pause went on to make new lows of 45772 into the close leaving a Neutral Extreme Day Down
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Daily Zones
- Largest volume (POC) was traded at 46209 F and VWAP of the session was at 46231
- Value zones (volume profile) are at 45774-46209-46330
- BNF confirmed a probable FA at 46310 on 27/02 but needs to stay above 46670 for a 1 ATR target of 47065. This FA got negated on 28/02 and is now a Swing Supply point with the 1 ATR objective on downside at 45555.
- BNF confirmed a FA at 46767 on 28/02 and the completed 1 ATR target of 46012 to the downside on the same day. The 2 ATR objective comes to 45256
- BNF confirmed a FA at 47399 on 23/02 and the completed 2 ATR target of 458336 to the downside on 28/02.
- HVNs are at 45603 / 45998 / 46331** (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (01-07 Feb) – BNF has formed a Neutral Centre weekly profile as it first took support right at previous week’s VWAP of 45883 leaving a FA on 01st Feb and went on to make a trending move higher taking out the weekly selling tail of 19th-25th Jan profile and even tagged the prior week’s extension handle of 47115 but could only manage to tag 47145 as sellers came back strongly and went on to not only retrace the entire upmove but made new lows for the week at 45740 taking support just above previous week’s POC of 45717 and gave a bounce back to 46296 on the last day. Value for the week was mostly higher Value at 45897-46114-46410 with a prominent TPO HVN 45999 which will be the support for the coming week
- (29-31 Jan) – BNF took support multiple times at previous week’s VWAP of 45492 forming a Neutral Extreme weekly profile to the upside giving a move away from the prominent POC of 45717 on the last day where it went on to hit new highs of 46444 forming overlapping to higher Value at 46429-45717-45994 but this week’s NeuX VWAP of 45883 will be the important reference going forward if it has to continue higher towards the selling tail from 46720 & extension handle of 47115 in the coming week
- (19-25 Jan) – BNF has also formed a Neutral Extreme weekly profile in a range of 46892 to 44851 with completely lower Value at 44903-44997-45626 but has seen the POC shift to the lows hinting at profit booking by sellers so can give a bounce with this week’s VWAP of 45492 being an important reference for the buyers to take out in case of the upmove to continue in the new series
Monthly Zones
- The settlement day Roll Over point (February 2024) is 44999
- The VWAP & POC of Jan 2024 Series is 46353 & 48119 respectively
- The VWAP & POC of Dec 2023 Series is 47337 & 47918 respectively
- The VWAP & POC of Nov 2023 Series is 43837 & 43619 respectively
Business Areas for 29th Feb 2024
| Up |
| 45860 – M TPO high 45986 – HVN (28 Feb) 46115 – LVN (28 feb) 46262 – PBH (28 Feb) 46390 – D singles mid |
| Down |
| 45843 – Buy tail (28 Feb) 45720 – IB HVN (15 Feb) 45594 – PBL from 14 Feb 45450 – HVN from 14 Feb 45323 – Ext Handle (14 Feb) |
Spot Hypos for Monthly Expiry
| Up |
| 45963 – M TPO high 46122 – K TPO halfback 46279 – PBH (28 feb) 46417 – D TPO mid (28 Feb) 46523 – Ext Handle (28 Feb) |
| Down |
| 45913 – buy tail (28 Feb) 45750 – SOC (Monthly – Feb) 45641 – Buy Tail (15 Feb) 45540 – VPOC (14 Feb) 45382 – F TPO halfback |
You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.