Nifty Dec F: 16957 [ 17255 / 16942 ]
NF made an OA (Open Auction) start to the day but could not sustain above the HVN of 17242 and got into the Value of the 4-day composite from 26th Nov to 01st Dec triggering the 80% Rule as it left an initiative selling tail from 17222 to 17255 and went on to make a low of 17134 in the IB (Initial Balance). The auction made the first RE (Range Extension) lower in the E period where it left an extension handle at 17134 and followed it up with a hat-trick of extension handles from the J to the K TPOs at 17073 / 17030 & 16976 forming a classic Trend Day Down Profile with a close around the lows of 16942 but saw the dPOC shifting lower to 16954 which would be the immediate reference for the next open.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Acution (OA)
- The Day type was a Trend Day – Down (TD)
- Largest volume was traded at 16954 F
- Vwap of the session was at 17088 with volumes of 86.7 L and range of 314 points as it made a High-Low of 17255-16942
- NF confirmed a FA at 17100 on 01/12 and tagged the 1 ATR objective of 17357 on 02/12. The auction closed below this FA on 06/12 and the 1 ATR target on the downside comes to 16844.
- The settlement day Roll Over point (December) is 17600
- The VWAP & POC of Nov Series is 17635 & 17961 respectively.
- The VWAP & POC of Oct Series is 18036 & 18155 respectively.
- The VWAP & POC of Sep Series is 17519 & 17365 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 16942-16954-17155
HVNs – 17186 / 17533
Business Areas for 07th Dec:
Up
16975 – 3rd Extension Handle from 06th Dec
17030 – 2nd Extension Handle from 06th Dec
17088 – Trend Day VWAP from 06th Dec
17134 – Main Extension Handle from 06th Dec
17186 – Current Series POC
17222 – Selling Singles from 06th Dec
Down
16954 – dPOC from 06th Dec
16917 – 1.5 Weekly IB objective
16844 – 1 ATR from negated FA of 17100
16805 – Weekly 2 IB target
16749 – Weekly 1 ATR objective
16677 – 1 ATR from yPOC of 16954
(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: 35891 [ 36489 / 35839 ]
BNF also made an OA start to the day as it got rejected from the weekly POC of 36464 on the upside and probed lower breaking below the PDL (Previous Day Low) and weekly HVN of 36175 in the A period where it made a low of 36011 but left an initiative buying tail in the IB and made an attempt to extend higher at the start of the D period but could only make mariginal new highs of 36489 and this second rejection from the weekly POC triggered a trending move lower for the rest of the day as the auction not only confirmed a FA (Failed Auction) at top but went on to leave an extension handle at 36011 and made a low of 35839 almost tagging that freak low of 35790 from 01st Dec leaving a Neutral Extreme Day Down with a close around the dPOC of 35885 which had shifted lower.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction (OA)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 35885 F
- Vwap of the session was at 36154 with volumes of 37.4 L and range of 650 points as it made a High-Low of 36489-35839
- BNF confirmed a FA at 36489 on 06/12 and tagged the 1 ATR objective of 36119 on the same day. The 2 ATR target comes to 35389
- BNF confirmed a FA at 36849 on 30/11 and tagged the 1 ATR objective of 36189 on the same day. The 2 ATR target comes to 35529. This FA got re-visited on 03rd Dec but the auction could not close above it.
- The settlement day Roll Over point (December) is 37555
- The VWAP & POC of Nov Series is 38047 & 39404 respectively.
- The VWAP & POC of Oct Series is 39368 & 41157 respectively.
- The VWAP & POC of Sep Series is 37210 & 36633 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 35845-35885-36261
HVNs – 36204 / 36425 / 37750
Business Areas for 07th Dec:
Up
35919 – 3-day composite VAL (29th Nov to 1st Dec)
36044 – Weekly IBL
36175 – SOC (Scene Of Crime) from 06th Dec
36247 – HVN from 06th Dec
36361 – PBH (Pull Back High) from 06th Dec
36489 – FA (Failed Auction) from 06th Dec
36598 – DD VWAP from 03rd Dec
Down
35885 – dPOC from 06th Dec
35790 – Freak low of 01st Dec
35646 – Weekly Buying Singles
35529 – 2 ATR from FA of 36849
35389 – 2 ATR from FA of 36489
35155 – Weekly 3 IB objective
(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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