Nifty Nov F: 18211 [ 18225 / 18112 ]
NF not only accepted the spike close of previous session but once again opened higher by 110 points and completed the 2 ATR objective of 18177 from the VPOC of 17835 as it continued to make a slow probe higher till the D period where it tagged 13th Sep’s POC of 18216 while making a high of 18223 but lack of fresh demand not only stopped the OTF (One Time Frame) but triggered a big liquidation move once the day’s VWAP was broken in the F TPO as the auction went on to test the morning lows of 18112.
With the sellers unable to make a RE lower, the auction then got back to the day’s VWAP & developing POC of 18177 in the J & K periods before making marginal new highs of 18225 into the close with the dPOC also shifting to 18217 which will be the opening reference for the next session.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Day
- Largest volume was traded at 18217 F
- Vwap of the session was at 18178 with volumes of 80.7 L and range of 113 points as it made a High-Low of 18225-18112
- The settlement day Roll Over point (Nov 2022) is 17800
- The VWAP & POC of Oct 2022 Series is 17350 & 17260 respectively.
- The VWAP & POC of Sep 2022 Series is 17500 & 17643 respectively.
- The VWAP & POC of Aug 2022 Series is 17530 & 17530 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 18164-18217-18219
HVNs – 17745
(** indicates series POC)
Business Areas for 02nd Nov 2022:
Up
18217 – dPOC from 01 Nov
18269 – Weekly 1 ATR
18333 – Selling tail (18 Jan)
18387 – 1 ATR from yPOC
18420 –
18454 – 2 ATR from 18112
Down
18199 – IBH from 01 Nov
18156 – LVN from 01 Nov
18112 – Poor Low FA
18061 – Spike High (31 Oct)
18005 – VPOC from 31 Oct
17968 – IB singles mid
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Nov F: 41477 [ 41825 / 41330 ]
BNF moved away from previous balance with a higher open and a probe to the upside for the rest of the IB as it left an extension handle at 41718 & made new highs for the week at 41825 but could not extend any further turning back to a balance coiling in a narrow range till the E period building volumes at 41783.
The F TPO signalled the start of a fresh imbalance as the sellers came back strongly negating the buying extension handle of 41718 & making couple of big REs lower in the G & H periods completing the 80% Rule in yesterday’s Gaussian Curve after which it formed another balance lower for the rest of the day with a swipe making new lows of 41330 in the L TPO which saw the sellers book out as the dPOC shifted lower right at this series RO point of 41509 into the close leaving a DD (Double Distribution) type profile with overlapping to higher Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Double Distribution Trend Day – Down (DD)
- Largest volume was traded at 41509 F
- Vwap of the session was at 41593 with volumes of 35.7 L and range of 495 points as it made a High-Low of 41825-41330
- The settlement day Roll Over point (Nov 2022) is 41510
- The VWAP & POC of Oct 2022 Series is 39750 & 38950 respectively.
- The VWAP & POC of Sep 2022 Series is 39910 & 40770 respectively.
- The VWAP & POC of Aug 2022 Series is 38530 & 38320 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 41375-41509-41681
HVNs – 41460
(** indicates series POC)
Business Areas for 02nd Nov 2022:
Up
41509 – dPOC from 01 Nov
41593 – VWAP from 01 Nov
41718 – SOC from 01 Nov
41850 – 21 Sep High
41980 – PBH from 20 Sep
42097 – Selling tail mid-point
Down
41454 – HVN from 01 Nov
41380 – Buying tail (01 Nov)
41282 – Buying tail (31 Oct)
41155 – VPOC from 28 Oct
40988 – VPOC from 21 Oct
40895 – VWAP from 21 Oct
(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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