Nifty Oct F: 17530 [ 17562 / 17433 ]
NF opened with a big gap down well below the 21st Sep extension handle of 17547 and continued to probe lower in the IB (Initial Balance) as it made new lows for the day at 15433 in the ‘B’ period almost completing the 2 ATR objective from yesterday’s FA of 17757 stalling right at the VAL of 21st Sep. The auction then reversed the probe to the upside and even made a RE (Range Extension) higher in the ‘D’ period where it hit 17544 but could not sustain and got back into the IB forming a balance for most part of the day before it made an attempt to spike forming new highs in the ‘L’ period at 17562 but once again was swiftly rejected giving a close around the prominent dPOC of 17516. Value for the day was completely lower thanks to the big gap down so unless today’s responsive selling tail from 17544 to 17562 is not taken out, the PLR would remain to the downside for a probe towards the 21st Sep FA of 17370 in the coming session(s).
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 17516 F
- Vwap of the session was at 17493 with volumes of 79.5 L and range of 129 points as it made a High-Low of 17562-17433
- NF confirmed a FA at 17758 on 30/09 and almost tagged the 2 ATR objective of 17426 on 01/10.
- The settlement day Roll Over point (October) is 17611
- The VWAP & POC of Sep Series is 17519 & 17365 respectively.
- The VWAP & POC of Aug Series is 16455 & 16255 respectively.
- The VWAP & POC of Jul Series is 15778 & 15820 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 17464-17516-17524
HVNs – 17751 / 17817
Business Areas for 04th OCt:
Up
17544 – Selling singles from 01st Oct
17604 – Daily Extension Handle from 30th Sep
17632 – VPOC from 30th Sep
17677 – NeuX VWAP from 30th Sep
17710 – HVN from 30th Sep
Down
17493 – VWAP from 01st Oct
17448 – PBL (Pull Back Low) from 01st Oct
17370 – FA (Failed Auction) from 21st Sep
17340 – Gaussian VAH from 3rd Sep
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Oct F: 37356 [ 37425 / 36950 ]
BNF made a big gap down open of almost 300 points and continued the downside move in the A period as it not only broke below the 22nd VPOC of 37253 & the PBL of 37133 but went on to make a low of 36950 from where it was swiftly rejected confirming an initiative buying tail in the IB from 37090 to 36950 which meant that the downside for the day was done. The auction made a probe higher giving a C side Extension and followed it up with marginal new highs for the day at 37425 in the D TPO but could not sustain and remained in a narrow range for the rest of the day forming a ‘p’ shape profile with a close right at the dPOC of 37355. Value for the day was completely lower but the buying singles of today need to be negated for BNF to continue the probe lower.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Day (‘p’ shape profile)
- Largest volume was traded at 37355 F
- Vwap of the session was at 37252 with volumes of 31.8 L and range of 475 points as it made a High-Low of 37425-36950
- BNF confirmed a FA at 38023 on 30/09 and completed the 1 ATR objective of 37446 on 01/10. The 2 ATR target comes to 36868.
- The settlement day Roll Over point (October) is 37596
- The VWAP & POC of Sep Series is 37210 & 36633 respectively.
- The VWAP & POC of Aug Series is 35715 & 35616 respectively.
- The VWAP & POC of Jul Series is 35105 & 34804 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 37164-37355-37370
HVNs – 35840 / 36749
Business Areas for 04th Oct:
Up
37418 – Selling singles from 01st Oct
37500 – Daily Extension Handle
37694 – VPOC from 30th Sep
37770 – NeuX VWAP from 30th Sep
37935 – HVN from 30th Sep
Down
37252 – VWAP from 01st Oct
37090 – Buying singles from 01st Oct
36897 – PBL from 21st Sep
36820 – Buying singles from 21st Sep
36751 – Buying singles low from 21st Sep
(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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