Nifty Nov F: 18118 [ 18158 / 18008 ]
NF opened with a gap down of 100 points & went on to make a low of 18008 stopping just above the 31st Oct VPOC of 18005 as it got good demand which pushed it back previous day’s range & value but the dreaded C side extension right at previous day’s VWAP of 18158 stalled the upmove after which the auction formed a balance for the rest of the day leaving a ‘p’ shape profile with completely lower Value & a close right at the dPOC of 18119.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Day (‘p’ shape profile)
- Largest volume was traded at 18119 F
- Vwap of the session was at 18098 with volumes of 78.1 L and range of 151 points as it made a High-Low of 18158-18008
- 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 18070-18119-18127
HVNs – 17745 / 18133**
(** indicates series POC)
Business Areas for 04th Nov 2022:
Up
18133 – Weekly POC
18165 – PBH from 02 Nov
18204 – Selling tail (02 Nov)
18230 – 13 Sep Swing High
18269 – Weekly 1 ATR
18333 – Selling tail (18 Jan)
Down
18119 – dPOC from 03 Nov
18052 – Buying Tail (03 Nov)
18005 – VPOC from 31 Oct
17968 – IB singles mid (31 Oct)
17926 – IB singles low (31 Oct)
17889 – Gap mid-point
(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: 41458 [ 41600 / 40990 ]
BNF also opened with a gap down of 300 points making new lows for the new seriers at 40990 holding just above the 21st Oct VPOC of 40988 and made a swift ORR (Open Rejection Reverse) back into the 7-day composite Value triggering the 80% Rule which it completed with a C side extension to 41545 after leaving a long initiative buying tail from 41337 to 40990 in the IB.
The auction made a fresh RE (Range Extension) in the E period but got rejected in the look up above PDH as it left a responsive selling tail from 41563 to 41600 and settled down to form a balance for the rest of the day leaving a ‘p’ shape profile along with continuing the larger time frame bracket which now has Value at 41305-41467-41557 looking ready for a move away. (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 Rejection Reverse – Up (ORR)
- The Day type was a Normal Day – Outside Bar (‘p’ shape profile)
- Largest volume was traded at 41448 F
- Vwap of the session was at 41417 with volumes of 40.3 L and range of 610 points as it made a High-Low of 41600-40990
- 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 41368-41448-41527
HVNs – 41460
(** indicates series POC)
Business Areas for 04th Nov 2022:
Up
41467 – 8-day comp POC
41563 – Selling tail (03 Nov)
41718 – SOC from 01 Nov
41850 – 21 Sep High
41980 – PBH from 20 Sep
42097 – Selling tail mid
Down
41448 – dPOC from 03 Nov
41337 – Buying Tail (03 Nov)
41163 – IB singles mid
40988 – VPOC from 21 Oct
40895 – VWAP from 21 Oct
40770 – PBL from 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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