Nifty Oct F: 16895 [ 17105 / 16858 ]
NF opened lower and took support at the Trend Day’s VWAP of 17005 and gave a bounce of 100 points as it made a high of 17105 stopping just below the yPOC of 17108 as the sellers came back strongly to hit news lows of 16940 in the B period.
The auction made an attempt to extend further in the D period but was rejected triggering a quick bounce above the day’s VWAP but left a PBH at 17068 exactly the same place where it left a PBL on Friday indicating change of polarity after which it made a slow grind lower forming a balance for most part of the day before leaving a late extension handle at 16910 in the K TPO and completing the 1.5 IB objective of 16858 forming a well balanced 3-1-3 profile for the day with completely inside Value & Range.
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 (NV)
- Largest volume was traded at 16953 F
- Vwap of the session was at 16976 with volumes of 124.9 L and range of 247 points as it made a High-Low of 17105-16858
- The settlement day Roll Over point (Oct 2022) is 16837
- The VWAP & POC of Sep 2022 Series is 17500 & 17643 respectively.
- The VWAP & POC of Aug 2022 Series is 17530 & 17530 respectively.
- The VWAP & POC of Jul 2022 Series is 16556 & 15976 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 16931-16953-17061
HVNs – 16980
(** indicates series POC)
Business Areas for 04th Oct 2022:
Up
16910 – Extension Handle (03 Oct)
16953 – dPOC from 03 Oct
16992 – 2-day composite VWAP
17068 – Selling Singles (03 Oct)
17108 – VPOC from 30 Sep
17183 – Weekly IBH
Down
16890 – HVN from 03 Oct
16829 – B TPO POC (30 Sep)
16764 – Weekly IBL
16711 – Singles mid-point
16660 – VPOC from 27 Jul
16612 – HVN from 27 Jul
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Oct F: 38159 [ 38810 / 38086 ]
BNF also left an A period selling tail from 38810 to 38598 just below the yPOC of 38847 and made a typical C side extension to 38290 testing previous day’s mid-profile singles from 38330 to 38032 which led to a bounce above the day’s VWAP where it confirmed a PBH at 38545 and settled down into a narrow range forming a ‘b’ shape profile for the day with another minor RE in the G period triggering another bounce above VWAP and a new PBH at 38484 which meant that the downside probe was still not over.
The auction then moved away from the micro-balance it was forming with an extension handle at 38255 in the K TPO and almost completed the 1.5 IB objective of 38084 as it made a low of 38086 before closing the day at 38159 with both range & value forming inside bars.
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 (NV)
- Largest volume was traded at 38385 F
- Vwap of the session was at 38390 with volumes of 41.1 L and range of 724 points as it made a High-Low of 38810-38086
- The settlement day Roll Over point (Oct 2022) is 37890
- The VWAP & POC of Sep 2022 Series is 39910 & 40770 respectively.
- The VWAP & POC of Aug 2022 Series is 38530 & 38320 respectively.
- The VWAP & POC of Jul 2022 Series is 35427 & 35099 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 38284-38385-38617
HVNs – 38372
(** indicates series POC)
Business Areas for 04th Oct 2022:
Up
38160 – Closing HVN (03 Oct)
38255 – Extension Handle
38385 – dPOC from 03 Oct
38484 – PBH from 03 Oct
38598 – Selling Singles
38704 – Selling tail mid-point
38847 – VPOC from 30 Sep
Down
38155 – M TPO VWAP / POC
38032 – Extension Handle (30 Sep)
37890 – Oct RO (Roll Over) point
37708 – Buying Singles (30 Sep)
37580 – Weekly IBL
37477 – 2 ATR from VPOC of 38847
(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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