Nifty Dec F: 17432 [ 17444 / 17170 ]
NF began the day with an Open Test Drive Up as it got rejected from the yPOC of 17192 and signalled a move away from the 4-day composite balance it had been forming resulting in an OTF (One Time Frame) probe higher all day expect for couple of PBLs (Pull Back Low) at 17288 & 17316 as it even left 2 extension handles at 17379 & 17411 to leave a Trend Up profile for the day with a close around the highs but at the same time saw the dPOC also shifting higher to 17438 which will be the reference for the next open staying above which the auction could attempt to get into the higher 4-day composite from 22nd to 25th Nov with Value at 17481-17601-17626.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Test Drive – Up (OTD)
- The Day type was a Trend Day – Up (TD)
- Largest volume was traded at 17438 F
- Vwap of the session was at 17337 with volumes of 93.1 L and range of 274 points as it made a High-Low of 17444-17170
- NF confirmed a FA at 17347 on 30/11 and tagged the 1 ATR objective of 17094 on the same day. This FA got re-visited in T+2 Days and is no longer a valid reference.
- NF confirmed a FA at 17100 on 01/12 and tagged the 1 ATR objective of 17357 on 02/12. The 2 ATR target comes to 17613
- 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 17305-17438-17444
HVNs – 17160 / 17533
Business Areas for 03rd Dec:
Up
17438 – dPOC from 02nd Dec
17475 – Singles Mid Point
17538 – VWAP of 4-day composite (22nd to 25th Nov)
17601 – 4-day composite VPOC
17635 – November series VWAP
17690 – Extension handle from 22nd Nov
Down
17428 – Monthly IBH
17379 – Extension handle from 02nd Dec
17337 – Trend Day VWAP from 02nd Dec
17288 – PBL from 02nd DEc
17237 – VAH of 4-day composite (26th Nov to 01st Dec)
17192 – NeuD dPOC / VWAP from 01st Dec
(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: 36633 [ 36690 / 36282 ]
BNF opened in contrast to NF with a downside probe in the first 15 minutes as it tagged 36282 but held above the yVWAP of 36272 indicating that yesterday’s buyers were defending this zone after which it went on to tag the SOC (Scene Of Crime) at 36625 but could not do much in terms of range and ended up forming a narrow 408 point balanced profile with a prominent POC at 36467 & ending the day with a mini spike from 36638 to 36690 which will be the reference 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 Normal Variation Day – Up (NV)
- Largest volume was traded at 36467 F
- Vwap of the session was at 36490 with volumes of 29.2 L and range of 408 points as it made a High-Low of 36690-36282
- 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 36393-36467-36568
HVNs – 36173 / 36425 / 37750
Business Areas for 03rd Dec:
Up
36638 – Spike low from 02nd Dec
36771 – Selling singles from 30th Nov
36905 – Selling singles from 26th Nov
37094 – Monthly IBH
37200 – Singles mid point
37408 – Previous Week’s POC
37555 – HVN from 25th Nov
Down
36568 – VAH from 02nd Dec
36467 – prominent POC from 02nd Dec
36340 – Buying singles from 02nd Dec
36197 – 3-day composite VPOC (29th Nov to 1st Dec)
35919 – 3-day composite VAL (29th Nov to 1st Dec)
35720 – HVN from 30th Nov
(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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