Nifty Oct F: 17706 [ 17745 / 17560 ]
NF opened higher above previous day’s small selling tail of 17544 to 17562 triggering a big short covering move as it went on to tag the 30th Sep VPOC of 17632 in the A period itself and left an extension handle at 17636 giving a quick move to the HVN of 17710 in the ‘B’ period while making a high of 17715 leaving a large IB (Initial Balance) range of 156 points. The auction continued this momentum in the C & D TPOs as it made marginal new highs of 17738 & 17745 but the range was contracting just below the FA (Failed Auction) point of 17758 indicating that the demand was not yet coming in and this led to a retracement over the next 3 periods with NF breaking below the day’s VWAP for the first time in the day but left a PBL (Pull Back Low) at 17642 right above the morning buying reference after which it settled down to form a balance for the rest of the day leaving a Normal Day and a ‘p’ shape profile with a close around the prominent POC of 17709. Value was completely higher but new demand above 17724 would be needed for a re-visit to the FA and the selling extension handle of 17813 whereas on the downside, staying below today’s POC could bring a probable test of 17636 and a break of which could lead more liquidation.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Day (‘p’ shape profile)
- Largest volume was traded at 17709 F
- Vwap of the session was at 17682 with volumes of 69 L and range of 185 points as it made a High-Low of 17745-17560
- NF confirmed a FA at 17758 on 30/09 and almost tagged the 2 ATR objective of 17426 on 01/10.
- The settlement day Roll Over point (October) is 17611
- The VWAP & POC of Sep Series is 17519 & 17365 respectively.
- The VWAP & POC of Aug Series is 16455 & 16255 respectively.
- The VWAP & POC of Jul Series is 15778 & 15820 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 17667-17709-17738
HVNs – 17751 / 17817
Business Areas for 05th OCt:
Up
17724 – PBH (Pull Back High) from 04th Oct
17758 – FA (Failed Auction) from 30th Sep
17813 – Extension Handle from 28th Sep
17852 – Daily Extension Handle from previous week
17910 – Selling Singles from 28th Sep
Down
17685 – VWAP from 04th Oct
17636 – Extension Handle from 04th Oct
17581 – Mid point of buying singles (4th Oct)
17551 – Mid point of gap up (04th Oct)
17516 – VPOC from 01st Oct
(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: 37735 [ 37785 / 37445 ]
BNF not only opened higher just above PDH (Previous Day High) but also gave an OL (Open=Low) start at 37445 setting off a short covering move in the IB (Initial Balance) where it left an initiative buying tail from 37597 to 37445. The auction then made an inside bar in the C period and followed it up with marginal new highs of 37778 in the D TPO as it tagged the NeuX VWAP of 37770 from 30th Sep and failed to find fresh demand and this led to a stalemate for the rest of the day as BNF formed a narrow range ‘p’ shape profile with a prominent POC at 37700 and completely higher Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Day (‘p’ shape profile)
- Largest volume was traded at 37700 F
- Vwap of the session was at 37682 with volumes of 26.4 L and range of 340 points as it made a High-Low of 37785-37445
- BNF confirmed a FA at 38023 on 30/09 and completed the 1 ATR objective of 37446 on 01/10. The 2 ATR target comes to 36868.
- The settlement day Roll Over point (October) is 37596
- The VWAP & POC of Sep Series is 37210 & 36633 respectively.
- The VWAP & POC of Aug Series is 35715 & 35616 respectively.
- The VWAP & POC of Jul Series is 35105 & 34804 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 37650-37700-37764
HVNs – 35840 / 36749
Business Areas for 05th Oct:
Up
37820 – Weekly POC
37935 – HVN from 30th Sep
38023 – FA (Failed Auction) from 30th Sep
38135 – PBH (Pull Back High) from 29th Sep
38319 – Selling singles from 28th Sep
Down
37700 – POC from 04th Oct
37594 – Buying Singles from 04th Oct
37475 – Mid point of buying singles (4th Oct)
37355 – VPOC from 01st Oct
37166 – PBL (Pull Back Low) from 01st 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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