Nifty Nov F: 17847 [ 18020 / 17770 ]
NF opened higher getting accepted in the selling singles of previous day’s profile but formed a narrow range IB of just 76 points and remained in the same for the first half building volumes at 17994 after which it gave a trending move away from here from the ‘F’ to the ‘I’ periods leaving an extension handle at 17944 and almost completed the 3 IB objective as it made a low of 17801 where it saw some profit booking by the shorts setting up a move back to the day’s VWAP as the auction left a PBH (Pull Back High) at 17935 and the rejection from VWAP triggered new lows of 17770 in the K period where it stopped just above the buying singles of Monday leaving a DD to the downside & closing right at the dPOC of 17845 forming an outside bar both in terms of Value & Range.
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 Double Distribution Day – Down (DD)
- Largest volume was traded at 17845 F
- Vwap of the session was at 17896 with volumes of 86.7 L and range of 250 points as it made a High-Low of 18020-17770
- 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 17771-17845-17935
HVNs – 17820 / 17911 / 18354
Business Areas for 08th Nov:
Up
17896 – DD VWAP from 03rd Nov
17944 – Extension Handle from 03rd Nov
17994 – HVN from 03rd Nov
18036 – October series VWAP
18077 – VPOC from 28th Oct
18121 – PBH from 28th Oct
Down
17845 – dPOC from 03rd Nov
17820 – HVN from 03rd Nov
17786 – Singles from 03rd Nov
17753 – Buying singles from 01st Nov
17680 – Buying tail from 29th Oct
17641 – Spike low of 6th Oct
17589 – Buying Singles low from 4th 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: 39496 [ 40295 / 39412 ]
BNF not only made a higher open but went on to hit new highs for the week at 40295 but similar to NF formed a narrow IB range of just 207 points indicating poor trade facilitation at these new highs due to lack of demand so the sellers made their presence felt by making a RE in the E period which triggered a trending move lower till the ‘I’ period not only negating the 01st Nov’s DD singles of 39819 to 39680 but also tagging the VPOC of 39549 while making a low of 39486 and in the process almost completed the 4 IB objective for the day which was at 39467. This ted to a quick short covering bounce in the ‘J’ TPO as the auction left a PBH at 40111 which was right at the morning SOC (Scene Of Crime) indicating that the initiative sellers were still present and they once again drove BNF back lower and even succeeded in making new lows for the day at 39412 in the L period confirming a Trend Day Down but saw profit booking into the close as the dPOC shifted lower to 38488 which will be the immediate reference for the next open on the downside whereas on the upside the weekly HVN of 39540 along with today’s VWAP of 39818 would be the important levels to watch.
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 Trend Day – Down (TD)
- Largest volume was traded at 39488 F
- Vwap of the session was at 39818 with volumes of 48.4 L and range of 883 points as it made a High-Low of 40295-39412
- 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 39432-39488-39986
HVNs – 39531 / 39757 / 40080 / 40750
Business Areas for 08th Nov:
Up
39540 – Weekly HVN
39650 – RO Point for Nov series
39818 – Trend Day VWAP from 03rd Nov
40080 – Weekly POC
40176 – HVN from 03rd Nov
40273 – Selling Singles from 03rd Nov
Down
39488 – dPOC from 03rd Nov
39368 – October series VWAP
39200 – LVN from 29th Oct
38928 – Buying Singles from 29th Oct
38834 – Buying tail low from 14th Oct
38724 – HVN from 12th 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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