Nifty Nov F: 18008 [ 18038 / 17730 ]
NF made an OAIR (Open Auction In Range) start in previous Value but stayed above the yPOC of 17755 in the IB (Initial Balance) as it went on to make a high of 17855 stalling just below the PBH of 17865 which led to a retracement below the day’s VWAP in the C & D periods where the auction confirmed a PBL at 17753 indicating that the sellers were not doing a good job. NF continued to form a well balanced profile till the G TPO where it made a RE (Range Extension) to the upside but stopped right at 17865 after which it left the first of the EH (Extension Handles) of the day in the H period right at the PBH reference of 17865 confirming that the buyers were taking over and followed it up with another EH at 17888 in the ‘I’ period and this time went on to complete the 2 IB objective of the day at 17980. The auction continued to probe higher as it tagged the Trend Day VWAP of 18026 and stopped right at the Oct series VWAP of 18036 which brought about good profit booking by the longs as even the dPOC shifted higher to 18000 into the close leaving a DD (Double Distribution) Trend Up Day with the DD zone being from 17971 to 17888.
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 Double Distribution Trend Day – Up (DD)
- Largest volume was traded at 18000 F
- Vwap of the session was at 17903 with volumes of 92 L and range of 308 points as it made a High-Low of 18038-17730
- The settlement day Roll Over point (November) is 17901
- The VWAP & POC of Oct Series is 18036 & 18155 respectively.
- The VWAP & POC of Sep Series is 17519 & 17365 respectively.
- The VWAP & POC of Aug Series is 16455 & 16255 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 17827-18000-18037
HVN – 18354
Business Areas for 02nd Nov:
Up
18036 – October series VWAP
18077 – VPOC from 28th Oct
18121 – PBH from 28th Oct
18155 – Selling Singles plus Oct Monthly POC
18204 – Previous week’s POC
18234 – Top of selling tail from 28th Oct
Down
18000 – dPOC from 01st Nov
17971 – Mid-profile buying singles from 01st Nov
17929 – Mid-point of DD singles from 01st Nov
17865 – Extension Handle from 01st Nov
17826 – HVN from 01st Nov
17784 – LVN from 01st Nov
(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: 40028 [ 40116 / 39254 ]
BNF also made an OAIR start to the day but got rejected from the test of the RO (Roll Over) point of 39650 at the open while making a high of 39680 triggering a probe lower as it fell by 426 points forming a rather large range for the A period making a low of 39254. The auction remained in this range till the ‘H’ period forming a nice balanced profile before the ‘I’ period made an initiative move to the upside leaving an extension handle at 39680 which in turn led to an OTF (One Time Frame) probe higher for the rest of the day as BNF completed the 2 IB objective of 40106 in the closing minutes leaving a DD profile with a spike from 30990 to 40116 which will be the reference zone for the next open.
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 Double Distribution Trend Day – Up (DD with Spike)
- Largest volume was traded at 39549 F
- Vwap of the session was at 39683 with volumes of 34.8 L and range of 862 points as it made a High-Low of 40116-39254
- The settlement day Roll Over point (November) is 39650
- The VWAP & POC of Oct Series is 39368 & 41157 respectively.
- The VWAP & POC of Sep Series is 37210 & 36633 respectively.
- The VWAP & POC of Aug Series is 35715 & 35616 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 39277-39549-39881
HVNs – 39757 / 40750
Business Areas for 02nd Nov:
Up
40116 – Spike high reference from 01st Nov
40212 – Trend Day VWAP from 28th Oct
40393 – VPOC from 28th Oct
40582 – PBH from 28th Oct
40792 – Selling singles from 28th Oct
40940 – Mid-point of selling singles
41073 – Top of initiative selling tail from 28th Oct
Down
39990 – Spike low reference from 01st Nov
39819 – Buying singles from 01st Nov
39680 – Extension Handle plus VWAP from 01st Nov
39549 – POC from 01st Nov
39368 – October series VWAP
39200 – LVN from 29th Oct
38928 – PBL from 29th 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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