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Nifty Mar F: 22441 [ 22498 / 22168 ]
Open Type |
|---|
OTD (Open Test Drive) |
Volumes of 11,340 contracts |
Above Average
Initial Balance |
|---|
22370 - 22168 (202 points) |
Volumes of 26,964 contracts |
Above Average
Day Type |
|---|
22498 - 22168 (330 points) Normal Variation |
Volumes of 82,566 contracts |
Above Average
NF made yet another strong open with the buyers continuing what they began in the previous session resulting in a 202 point range IB (Initial Balance) as it almost negated the 03rd Mar Selling Tail. The auction then made a typical C side contra move where it made a low of 22311 showing change of polarity at earlier supply point after which it went on to form multiple REs (Range Extension) higher scaling into the 28th Feb Initiative Selling Tail and testing the A TPO's seller of 22490 while making a high of 22498 marking the end of the upside for the day.
The return of supply and some profit booking by buyers then triggered a retracement down almost tagging the day's VWAP where NF confirmed a PBL (Pull Back Low) at 22391 indicating that the demand was defending this zone giving a close around the dPOC of 22444 leaving an elongated profile on the daily with completely higher Value.
Click here to view the latest profile in NF on Vtrender Charts
Largest volume (POC) was traded at 22444 F and VWAP of the session was at 22385
Value zones (volume profile) are at 22340-22444-22480
HVNs are at 22276 (** denotes series POC)
Weekly Charts can be viewed here
The settlement day Roll Over point (Mar 2025) is 22683
The VWAP & POC of Feb 2025 Series is 22982 & 22900 respectively
The VWAP & POC of Jan 2025 Series is 23342 & 23163 respectively
The VWAP & POC of Dec 2024 Series is 24193 & 24621 respectively
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow)
Up |
|---|
22444 - POC (05 Mar) 22483 - A TPO POC (28 Feb) 22522 - AVWAP (19 Feb) 22574 - Weekly IBH 22604 - AVWAP (05 Feb) 22655 - 1 ATR (yPOC 22440) 22698 - 27 Feb Halfback |
Down |
|---|
22435 - M TPO low (05 Mar) 22391 - PBL (05 Mar) 22349 - 05 Mar Halfback 22311 - Buy Tail (05 Mar) 22260 - VPOC (03 Mar) 22233 - Weekly IBL 22190 - POC (04 Mar) |
BankNifty Mar F: 48714 [ 48880 / 48433 ]
Open Type |
|---|
OTD (Open Test Drive) |
Volumes of 5,056 contracts |
Average
Initial Balance |
|---|
48880 - 48433 (447 points) |
Volumes of 15,762 contracts |
Average
Day Type |
|---|
48880 - 48433 (510 points) Normal |
Volumes of 39,634 contracts |
BNF also started strong leaving an initiative buying tail at previous Value but volumes were on the lower side and therefore stalled right after hitting the important AVWAP level of 48874 from 13th Feb as it made a high of 48880 in the IB and remained in a narrow range for the rest of the day leaving a 3-1-3 profile with completely higher Value with a close at the dPOC of 48710 above which it will need to show more buy side volumes in the coming session(s) to continue higher.
Click here to view the latest profile in BNF on Vtrender Charts
Largest volume (POC) was traded at 48710 F and VWAP of the session was at 48702
Value zones (volume profile) are at 48588-48710-48757
HVNs are at 48407 (** denotes series POC)
Weekly Charts can be viewed here
The settlement day Roll Over point (Mar 2025) is 49000
The VWAP & POC of Feb 2025 Series is 49361 & 49290 respectively
The VWAP & POC of Jan 2025 Series is 49283 & 48728 respectively
The VWAP & POC of Dec 2024 Series is 52436 & 53355 respectively
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow)
Up |
|---|
48730 - M TPO high (05 Mar) 48855 - AVWAP (13 Feb) 49000 - Mar RO Point 49120 - SOC (27 Feb) 49249 - VAH (27 Feb) 49375 - L TPO VWAP (21 Feb) |
Down |
|---|
48710 - POC (05 Mar) 48577 - Buy Tail (05 Mar) 48422 - VWAP (04 Mar) 48333 - Buy Tail (04 Mar) 48221 - IB Tail mid (04 Mar) 48064 - 1 ATR (48650) |
You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.
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