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Nifty Mar F: 22621 [ 22638 / 22359 ]
Open Type |
|---|
ORR (Open Rejection Reverse) |
Volumes of 12,414 contracts |
Above Average
Initial Balance |
|---|
22554 - 22359 (195 points) |
Volumes of 33,243 contracts |
Above Average
Day Type |
|---|
22638 - 22359 (279 points) Normal Variation |
Volumes of 1,17,025 contracts |
Above Average
NF opened higher almost tagging the top of the selling tail from 28th Feb getting swiftly rejected from 22554 getting back into previous day's value breaking below yPOC of 22444 and testing the important VWAP reference of 22385 while making a low of 22359 in the IB (Initial Balance).
The auction saw similar rejection at the lows too indicating buyers coming back as the not only left a buying tail in the B TPO but went on to climb back into the A period selling singles making an attempt to extend in the D which got rejected triggering a swipe below VWAP as it left a PBL at 22435 in the E period showing that the buyers were defending the yPOC level now.
NF then made a slow and steady upmove for the rest of the day making multiple REs (Range Extension) as it went on to close around the highs of 22638 but saw the dPOC shift higher to 22620 signalling profit booking by the buyers.
Click here to view the latest profile in NF on Vtrender Charts
Largest volume (POC) was traded at 22620 F and VWAP of the session was at 22533
Value zones (volume profile) are at 22479-22620-22636
HVNs are at 22276 (** denotes series POC)
Weekly Charts can be viewed here
28Feb - 06Mar : NF has formed a Neutral Extreme profile on the weekly timeframe after the gap down and drive open it started with last Friday therefore forming completely lower Value at 22150-22276-22456 with the VWAP at 22361 which will be the important support for the new week
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 |
|---|
22630 - RS POC (06 Mar) 22685 - VPOC (27 Feb) 22721 - 2-day VAL (24-25 Feb) 22767 - 2-day VAH (24-25 Feb) 22805 - Sell Tail (24 Feb) 22855 - 24 Feb high |
Down |
|---|
22615 - M TPO low (06 Mar) 22574 - Monthly IBH 22533 - VWAP (06 Mar) 22499 - 06 Mar Halfback 22455 - SOC (06 Mar) 22410 - Buy Tail (06 Mar) |
BankNifty Mar F: 48780 [ 49100 / 48526 ]
Open Type |
|---|
ORR (Open Rejection Reverse) |
Volumes of 6,485 contracts |
Above Average
Initial Balance |
|---|
49100 - 48526 (574 points) |
Volumes of 17,267 contracts |
Above Average
Day Type |
|---|
49100 - 48526 (510 points) Normal (3-1-3) |
Volumes of 42,657 contracts |
BNF opened higher testing the RO point of 49000 & the HVN of 49100 from 27th Feb but did not get any demand attracting supply who drove it back lower to 48526 in the IB taking support just above the yPOC of 48518 after which it got back into coi mode forming the fourth Normal Day of the week and a 3-1-3 profile.
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 |
|---|
to be updated... |
Down |
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to be updated.. |
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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