Nifty Nov F: 18146 [ 18229 / 18117 ]
NF opened just above PDH but got swiftly rejected as it left a small initiative selling tail in the IB from 18204 to 18229 and made a slow probe lower for most part of the day forming a ‘b’ shape profile forming multiple lows just above the PDL of 18112 and has formed a nice 2-day composite Gaussian Curve with Value at 18132-18140-18192 with the composite VWAP being at 18170 (Click here to view the composite chart on MPLite) and would need initiative volumes for a move away from here in the coming session(s).
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Down (DD type profile)
- Largest volume was traded at 18142 F
- Vwap of the session was at 18158 with volumes of 57.8 L and range of 112 points as it made a High-Low of 18229-18117
- 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 18133-18142-18176
HVNs – 17745 / 18169**
(** indicates series POC)
Business Areas for 03rd Nov 2022:
Up
18165 – PBH from 02 Nov
18204 – Selling tail (02 Nov)
18230 – 13 Sep Swing High
18269 – Weekly 1 ATR
18333 – Selling tail (18 Jan)
18387 – 1 ATR from 18217
Down
18142 – dPOC from 02 Nov
18112 – Poor Low FA
18061 – Spike High (31 Oct)
18005 – VPOC from 31 Oct
17968 – IB singles mid (31 Oct)
17926 – IB singles low (31 Oct)
(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: 41312 [ 41598 / 41232 ]
BNF made an OAIR start and remained in the lower part of previous day’s profile and made new highs for the day at 41598 right at the close of the IB where it was swiftly rejected from yesterday’s VWAP of 41593 indicating that yesterday’s sellers were still active and this led to an extension handle at 41384 & another DD (Double Distribution) type profile for the day as it made a low of 41232 & saw the dPOC shift lower to 41283 into the close.
On the larger timeframe, the auction has formed a composite balance over the last 7 session with Value at 41285-41465-41555 with the VWAP at 41425 and has a good chance to move away from here in the coming session or two. (Click here to view the composite chart on MPLite)
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 41283 F
- Vwap of the session was at 41396 with volumes of 27.5 L and range of 366 points as it made a High-Low of 41598-41232
- 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 41245-41283-41468
HVNs – 41460
(** indicates series POC)
Business Areas for 03rd Nov 2022:
Up
41319 – HVN from 02 Nov
41396 – VWAP from 02 Nov
41555 – 7-day comp VAH
41718 – SOC from 01 Nov
41850 – 21 Sep High
41980 – PBH from 20 Sep
Down
41283 – dPOC from 02 Nov
41155 – VPOC from 28 Oct
40988 – VPOC from 21 Oct
40895 – VWAP from 21 Oct
40770 – PBL from 21 Oct
40680 – Buying Tail (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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