Nifty Dec F: 18771 [ 18790 / 18682 ]
NF opened lower below the 2-day VAL of 18773 & continued the fall down to 18682 looking like an Open Test Drive from just below yPOC of 18770 but then saw some good demand coming back from the VWAP zone of 28th Nov as the B period got back above the day’s VWAP.
The auction then remained largely in the IB range for the rest of the day with couple of attempts to extend higher but faced rejection in the entry into the 2-day Value as it left a nice Bell Curve for the day with lower but contracting Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Test Drive – Down (OD)
- The Day type was a Normal Day (Gaussian Curve)
- Largest volume was traded at 18745 F
- Vwap of the session was at 18735 with volumes of 67.3 L and range of 108 points as it made a High-Low of 18790-18682
- 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 18704-18745-18753
HVNs – 18645 / 18728 / 18772**
(** indicates series POC)
Business Areas for 07th Dec 2022:
Up
18773 – old 2-day VAL
18809 – 2-day comp VPOC
18856 – Selling Tail (02 Dec0
18902 – IB singles mid
18945 – dPOC from 01 Dec
18986 – Selling Tail (01 Dec)
Down
18760 – Weekly IBL
18723 – dPOC from 06 Dec
18695 – Buying Tail
18658 – Buying Tail (28 Nov)
18619 – dPOC from 25 Nov
18566 – Weekly FA
(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: 43457 [ 43562 / 43320 ]
BNF made an OAIR (Open Auction In Range) start and was unable to get past previous day’s mini spike as it made a high of 43562 and remained in the narrow 142 point range IB (Initial Balance) for most part of the day except for a swipe lower to 43320 in the J period as it ended up forming a Normal Day & an Inside Bar with a close right at the 2-day composite POC of 43463.
The 2-day composite Value is at 43391-43463-43508 and the auction would be looking for a strong open with initiative volumes to start a fresh imbalance in the coming session(s). (Click here to view the 2-day balance on MPLite)
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 Day (Inside Bar)
- Largest volume was traded at 43422 F
- Vwap of the session was at 43446 with volumes of 20.3 L and range of 242 points as it made a High-Low of 43562-43320
- 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 43406-43422-43484
HVNs – 42955 / 43293**
(** indicates series POC)
Business Areas for 07th Dec 2022:
Up
43463 – 2-day comp POC
43562 – Selling tail (05 Dec)
43645 – Selling Tail (01 Dec)
43760 – 1 ATR from 2-day POC
43839 – Weekly 3 IB target
43927 – 1 ATR from 43630
Down
43446 – VWAP from 06 Dec
43382 – Buying tail (06 Dec)
43293 – Dec 2022 Series POC
43161 – 02 Dec Swing low
43050 – Monthly IBL
42932 – VWAP from 23 Nov
(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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