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Nifty Mar F: 22444 [ 22615 / 22430 ]
Open Type |
|---|
OAIR (Open Auction) |
Volumes of 7,263 contracts |
Below Average
Initial Balance |
|---|
22599 - 22505 (94 points) |
Volumes of 19,499 contracts |
Below Average
Day Type |
|---|
22615 - 22430 (186 points) Neutral Extreme |
Volumes of 65,790 contracts |
Below Average
NF made an OAIR start consolidating in the 2-day Value in the A period after which it made an attempt to move away on the upside in the B but followed it up with the dreaded C side extension to 22615 getting rejected from the supply zone as it not only gave a retracement to day's VWAP but went on to break below it triggering multiple REs (Range Extension) confirming a FA (Failed Auction) at top and completing the 80% Rule in the 2-day Value as it made a low of 22430
The auction however saw the dPOC shift lower to 22447 into the close around which it closed hence will be the immediate reference for the next open with today's NeuX (Neutral Extreme) VWAP of 22504 along with halfback of 22522 will be a probable supply zone.
Click here to view the latest profile in NF on Vtrender Charts
Largest volume (POC) was traded at 22447 F and VWAP of the session was at 22504
Value zones (volume profile) are at 22430-22447-22480
NF confirmed a FA at 22615 on 13/03 and the 1 ATR objective comes to 22414
HVNs are at 22276 (** denotes series POC)
Weekly Charts can be viewed here
(07-13 Mar) - NF has formed a Normal Variation Down weekly profile with mostly higher Value at 22431-22527-22639 as the down move took support right at previous week's NeuX VWAP of 22361 where it left a small buying tail till 22380 and will be the support for the coming week if remains below this week's VAL with this week's VWAP of 22548 expected to get back sellers interested in case of a bounce
(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 |
|---|
22447 - POC (13 Mar) 22481 - J TPO POC (13 Mar) 22522 - 13 Mar Halfback 22571 - SOC (13 Mar) 22615 - FA (13 Mar) 22650 - AVWAP (02 Jan) |
Down |
|---|
22440 - HVN (13 Mar) 22414 - 1 ATR (FA 22615) 22361 - NeuX VWAP (28Feb-06Mar) 22311 - Buy Tail (05 Mar) 22276 - Weekly VPOC (28Feb-06Mar) 22241 - 1 ATR (HVN 22440) |
BankNifty Mar F: 48160 [ 48461 / 48100 ]
Open Type |
|---|
OA (Open Auction) |
Volumes of 3,732 contracts |
Below Average
Initial Balance |
|---|
48360 - 48150 (210 points) |
Volumes of 8,445 contracts |
Below Average
Day Type |
|---|
48461 - 48100 (361 points) Neutral Centre |
Volumes of 34,598 contracts |
BNF made an OA start negating previous day's FA of 48330 in the IB forming similar highs near 48360 but like NF made the dreaded C side extension to 48461 stalling exactly at 10th Mar's Halfback indicating supply coming back resulting in a OTF (One Time Frame) probe lower for the rest of the day as it made couple of REs in the L & M TPOs hitting new lows of 48100 into the close.
The adjusted close was at 48160 so technically we have another Neutral Centre Day but actually speaking it was a NeuX close with the dPOC also shifting down to 48181 so remains to be seen if this will give a rare follow through in the next session or we get a bounce higher with today's Halfback of 48280 being the first hurdle for the buyers.
Click here to view the latest profile in BNF on Vtrender Charts
Largest volume (POC) was traded at 48181 F and VWAP of the session was at 48264
Value zones (volume profile) are at 48158-48181-48336
HVNs are at 48407 / 48661** / 48787 (** denotes series POC)
Weekly Charts can be viewed here
(10-13 Mar) - BNF has formed a Double Distribution Down weekly profile with completely lower Value at 47952-48182-48361 with the extension handle at 48511 which along with the daily VPOC of 48588 will be the swing supply zone for the coming week which if taken out can give a tag of the higher weekly VPOC of 48787 whereas on the downside, 48110 will be the immediate support below which 11th Mar's VWAP of 47962 & buying tail from 47846 will be the important levels to watch out for
(03 - 07 Mar)BNF has formed a Neutral Centre profile with a FA at lows of 48110 but the RE (Range Extension) resulted in a responsive selling tail from 48896 to 49100 and will be the supply zone to watch for in the coming week with Value for this week being mostly lower at 48430-48787-48825 with the VWAP at 48583 being a support level
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 |
|---|
48181 - POC (13 Mar) 48280 - 13 Mar Halfback 48392 - AVWAP (06 Mar) 48489 - VWAP (10 Mar) 48588 - VPOC (10 Mar) 48703 - 07 Mar Halfback |
Down |
|---|
48152 - M TPO VWAP (13 Mar) 48080 - PBL (12 Mar) 47961 - VWAP (11 Mar) 47846 - Buy Tail (11 Mar) 47725 - Monthly 1.5 IB 47624 - 1 ATR (PBL 48080) |
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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