Nifty Nov F: 17916 [ 18038 / 17861 ]
NF opened above the yPOC of 18000 & made an attempt to probe higher but could only tag the PDH of 18038 and this inability to get above the October Series VWAP which was the first Business Area on the upside for today trigged a fall of 98 points in the IB (Initial Balance) as the auction left a selling tail from 17998 to 18038 and got into previous day’s DD singles of 17971 to 17888 completing the trip with the help of a big C side extension where it made a low of 17892 and continued to form a nice balance in this zone for most part of the day except for the ‘J’ period where it made a fresh RE (Range Extension) to the downside and made a low of 17861 but the lower extension handle of 17865 from yesterday held resulting in a small responsive buying tail from 17861 to 17881 after which NF continued with the filling up of the DD zone leaving a nice Gaussian Curve with tails at both ends and a close right at the prominent dPOC looking good 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 a Open Auction In Range (OAIR)
- The Day type was a Normal Vairation Day – Down (Gaussian Curve)
- Largest volume was traded at 17918 F
- Vwap of the session was at 17947 with volumes of 77.4 L and range of 177 points as it made a High-Low of 18038-17861
- 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 17896-17918-17974
HVN – 18354
Business Areas for 03rd Nov:
Up
17918 – dPOC from 02nd Nov
17965 – PBH from 02nd Nov
18000 – POC from 01st Nov
18036 – October series VWAP
18077 – VPOC from 28th Oct
18121 – PBH from 28th Oct
18155 – Selling Singles plus Oct Monthly POC
Down
17896 – VAL from 02nd Nov
17865 – Extension Handle from 01st Nov
17826 – HVN from 01st Nov
17784 – LVN from 01st Nov
17753 – Buying singles from 01st Nov
17680 – Buying tail 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 )
BankNifty Nov F: 40081 [ 40250 / 39725 ]
BNF opened in the spike zone of 39990 to 40116 and even made an attempt to get above it but got swiftly rejected from new highs for the week at 40139 triggering an ORR (Open Rejection Reverse) as the auction not only swiped back through the spike zone but went on to make a big C side extension where it got into previous day’s DD singles from 39819 to 39680 and took support at 39725 indicating return of demand. This new development reversed the probe to the upside leading to couple of REs on the upside in the ‘F’ & ‘G’ periods where BNF tagged the 28th Oct Trend Day VWAP of 40212 but once again this major supply zone held on resulting in a Neutral Centre Day with a close right at the dPOC of 40095 and this tussle between buyers & sellers which ended in a temporary truce today could give way to a new imbalance in the coming session(s).
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Rejection Reverse – Down (ORR)
- The Day type was a Neutral Centre Day (NeuC)
- Largest volume was traded at 40095 F
- Vwap of the session was at 40036 with volumes of 33.7 L and range of 525 points as it made a High-Low of 40250-39725
- 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 39927-40095-40184
HVNs – 39757 / 40750
Business Areas for 03rd Nov:
Up
40095 – dPOC from 02nd Nov
40244 – PBH from 02nd Nov
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
40036 – VWAP from 02nd Nov
39900 – HVN from 01st Nov / PBL from 02nd Nov
39750 – Buying singles from 02nd Nov
39680 – Extension Handle plus VWAP from 01st Nov
39549 – VPOC from 01st Nov
39368 – October series VWAP
39200 – LVN 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 )
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive
