Nifty Dec F: 17222 [ 17250 / 17100 ]
NF once again failed to give a follow up to a Neutral Extreme profile as it not only opened above the NeuX zone but went on to scale above yVWAP & PBH of 17144 & 17199 in the A period itself after which it made a RE (Range Extension) to the upside in the D period where it made a high of 17249 almost revisiting the SOC (Scene Of Crime) of 17255 and made similar highs in the next 2 TPOs indicating exhaustion. The failure to cross 17255 then triggered a liquidation move as the auction broke below VWAP in the G period and formed lower lows till the K period where the attempt to make a RE was swiftly rejected leading to an equally quick bounce back above the IBH into the close which inturn confirmed a FA (Failed Auction) at day’s low of 17100. NF has now given back to back Neutral Days along with FAs at both ends indicating a big ongoing tussle between the OTF (Other Time Frame) buyers & sellers which is expected to resolve soon as the balance has now extended to 4 days with the composite Value at 17038-17171-17237.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Neutral Day (NeuD)
- Largest volume was traded at 17192 F
- Vwap of the session was at 17192 with volumes of 95.6 L and range of 150 points as it made a High-Low of 17250-17100
- NF confirmed a FA at 17347 on 30/11 and tagged the 1 ATR objective of 17094 on the same day. The 2 ATR target comes to 16841.
- NF confirmed a FA at 17100 on 01/12 but needs to stay above 17225 for the 1 ATR objective of 17357 on upside.
- The settlement day Roll Over point (December) is 17600
- The VWAP & POC of Nov Series is 17635 & 17961 respectively.
- The VWAP & POC of Oct Series is 18036 & 18155 respectively.
- The VWAP & POC of Sep Series is 17519 & 17365 respectively.
You can check the monthly charts & other swing levels for Nifty & NF here & for the weekly charts & analysis, please click here.
Daily Zones:
- Value zones (volume profile) are at 17171-17192-17234
HVNs – 17160 / 17533
Business Areas for 02nd Dec:
Up
17255 – SOC (Scene Of Crime) from 30th Nov
17312 – Selling singles from 30th Nov
17361 – Selling singles from 26th Nov
17428 – Monthly IBH
17475 – Singles Mid Point
17546 – Previous Week’s POC
Down
17192 – NeuD dPOC / VWAP from 01st Dec
17100 – FA from 01st Dec
17068 – NeuX zone high from 30th Nov
17018 – VPOC from 30th Nov
16972 – A period VWAP from 29th Nov
16930 – Singles mid point
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Dec F: 36468 [ 36543 / 35790 ]
BNF made a freak tick of 35790 at open and probed higher entering the 2-day balance and completed the 80% Rule in the Value Area of 35849-36155-36424 as it made multiple REs from the ‘D’ to the ‘F’ periods while making a high of 36468 stalling right at 26th Nov’s Trend Day POC of 36458. This triggered a probe lower as the auction began the reverse 80% Rule and tagged the 2-day composite POC of 36155 while making a low of 36130 in the K TPO but saw swift rejection from this POC resulting in new highs for the day at 36543 in the L period leaving a 3-1-3 profile for the day with both range & value forming inside bars making the 2-day composite smoother with the updated Value now at 35922-36203-36430.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 36220 F
- Vwap of the session was at 36272 with volumes of 44.1 L and range of 753 points as it made a High-Low of 36543-35790
- BNF confirmed a FA at 36849 on 30/11 and tagged the 1 ATR objective of 36189 on the same day. The 2 ATR target comes to 35529.
- The settlement day Roll Over point (December) is 37555
- The VWAP & POC of Nov Series is 38047 & 39404 respectively.
- The VWAP & POC of Oct Series is 39368 & 41157 respectively.
- The VWAP & POC of Sep Series is 37210 & 36633 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 36109-36220-36434
HVNs – 36173 / 37750
Business Areas for 02nd Dec:
Up
36471 – Weekly IBL
36632 – SOC (Scene Of Crime) from 30th Nov
36771 – Selling singles from 30th Nov
36905 – Selling singles from 26th Nov
37094 – Monthly IBH
37200 – Singles mid point
37408 – Previous Week’s POC
Down
36430 – 3-day composite VAH (29th Nov to 1st Dec)
36272 – VWAP from 01st Dec
36130 – PBL (Pull Back Low) from 01st Dec
35922 – 3-day composite VAL (29th Nov to 1st Dec)
35720 – HVN from 30th Nov
35529 – 2 ATR from FA of 36849
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
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