Nifty Oct F: 17293 [ 17309 / 17125 ]
NF not only opened with a big gap up of 244 points but continued to drive higher in the IB forming a large range of 148 points as it left an initiative buying tail from 17191 to 17125 and made a high of 17273 testing the 26th Sep selling singles.
The auction then slowed down forming Value in the 26th Sep tail while making multiple REs to the upside as it made a high of 17309 leaving a ‘p’ shape profile Normal Day with completely higher Value signalling a move away from the 6-day composite balance it had been forming.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range plus Drive (OAOR + D)
- The Day type was a Normal Day (‘p’ shape profile)
- Largest volume was traded at 17267 F
- Vwap of the session was at 17243 with volumes of 116.3 L and range of 184 points as it made a High-Low of 17309-17125
- 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 17222-17267-17300
HVNs – 16980 / 17259**
(** indicates series POC)
Business Areas for 06th Oct 2022:
Up
17304 – LVN from 04 Oct
17350 – Gap mid-point (26 Sep)
17396 – VPOC from 23 Sep
17444 – LVN from 23 Sep
17488 – VWAP from 23 Sep
17539 – PBH from 23 Sep
Down
17267 – dPOC from 04 Oct
17217 – PBL from 04 Oct
17158 – Singles Mid-point
17124 – TPO HVN of 6-day composite
17068 – LVN from 6-day composite
17004 – 6-day composite VPOC
(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: 39268 [ 39348 / 38720 ]
BNF also made a very strong start continuing to rise after the big gap up of 617 points as it not only scaled above the 30th Sep VPOC of 38847 with ease but went on to negatethe 27th A period selling tail from 39115 to 39231 while making a high of 39278 in the IB (Initial Balance).
This 1100+ point imbalance then paved way for a balance for the rest of the day as the auction first made a test of the morning buying tail by leaving a PBL at 39042 in the D period and then made an attempt to extend higher but stalled just below 26th Sep singles mid-point of 39378 as it made new highs for the day at 39348 leaving a small responsive tail at top forming a ‘p’ shape profile with completely higher Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range plus Drive (OAOR + D)
- The Day type was a Normal Day (‘p’ shape profile)
- Largest volume was traded at 39172 F
- Vwap of the session was at 39164 with volumes of 45.6 L and range of 628 points as it made a High-Low of 39348-38720
- 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 39129-39172-39284
HVNs – 38372 / 39176**
(** indicates series POC)
Business Areas for 06th Oct 2022:
Up
39294 – LVN from 04 Oct
39378 – Singles mid-point (26 Sep)
39536 – Selling tail top
39686 – Buying tail (23 Sep)
39857 – VPOC from 23 Sep
40014 – VWAP from 23 Sep
Down
39267 – HVN from 04 Ovt
39135 – PBL from 04 Oct
39042 – Buying Singles
38881 – IB singles mid-point
38600 – Gap singles mid-point
38468 – 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 )
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