Nifty Dec F: 18817 [ 18856 / 18710 ]
NF made an OAIR start in previous Value and went on to repair the poor lows at 18760 as it made a low of 18710 in the IB after which it made an attempt to make a range extension higher in the G period but got stalled right at last Friday’s selling tail from 18856 to 18949 and formed a Normal Day with mostly overlapping Value.
The 2-day composite ‘b’ shape profile has value at 18873-18809-18836 and will need initiative volumes at the open for a move away from this balance in the coming session(s). (Click here to view the 2-day composite chart on MPLite)
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 Day
- Largest volume was traded at 18770 F
- Vwap of the session was at 18785 with volumes of 69.9 L and range of 146 points as it made a High-Low of 18856-18710
- The settlement day Roll Over point (Dec 2022) is 18650
- The VWAP & POC of Nov 2022 Series is 18295 & 18335 respectively.
- The VWAP & POC of Oct 2022 Series is 17350 & 17260 respectively.
- The VWAP & POC of Sep 2022 Series is 17500 & 17643 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 18755-18770-18839
HVNs – 18645 / 18728 / 18770**
(** indicates series POC)
Business Areas for 06th Dec 2022:
Up
18820 – LVN from 05 Dec
18856 – Selling Tail (02 Dec0
18902 – IB singles mid
18945 – dPOC from 01 Dec
18986 – Selling Tail (01 Dec)
19026 – 1 ATR from WFA
Down
18809 – 2-day POC
18773 – 2-day VAL
18741 – PBL from 05 Dec
18692 – VWAP from 28 Nov
18658 – Buying Tail (28 Nov)
18619 – dPOC from 25 Nov
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Dec F: 43538 [ 43574 / 43211 ]
BNF made an ORR (Open Rejection Reverse) start after opening above PDH but getting swiftly rejected back into previous Value on both the daily as well as the weekly Balance triggering the 80% Rule which it promptly completed in the IB where it made a low of 43211 which was also the weekly VAL.
The auction left a small buying tail at lows marking the return of demand which led to a slow trending probe higher for the rest of the day as it made multiple REs from the F period onwards and the retracement in the J TPO left a PBL right at PDH resulting in a small spike from 43532 to 43574 which will be the zone to watch in the next open.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Rejection Reverse – Down (ORR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 43460 F
- Vwap of the session was at 43420 with volumes of 23.4 L and range of 364 points as it made a High-Low of 43574-43211
- The settlement day Roll Over point (Dec 2022) is 43331
- The VWAP & POC of Nov 2022 Series is 42150 & 42959 respectively.
- The VWAP & POC of Oct 2022 Series is 39750 & 38950 respectively.
- The VWAP & POC of Sep 2022 Series is 39910 & 40770 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 43365-43460-43550
HVNs – 42955 / 43302**
(** indicates series POC)
Business Areas for 06th Dec 2022:
Up
43562 – Selling tail (05 Dec)
43645 – Selling Tail (01 Dec)
43763 – 1 ATR from yPOC
43839 – Weekly 3 IB target
43927 – 1 ATR from 43630
44066 – 2 ATR from yPOC
Down
43532 – Spike Low (05 Dec)
43420 – VWAP from 05 Dec
43344 – SOC from 05 Dec
43237 – Buying singles (05 Dec)
43120 – Buying Tail (28 Nov)
43050 – Monthly IBL
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive
