Nifty Oct F: 17325 [ 17444 / 17313 ]
NF opened with another gap up of 128 points and tagged the 23rd Sep LVN of 17444 to the dot after which it settled down into an OAOR (Open Auction of Range) leaving a small selling tail till 17426 and forming a narrow 98 point range IB (Initial Balance).
The auction remained in this range for most part of the day forming a nice balance before making multiple attemped to extend the range to the the downside from the J period onwards but could only manage 17313 leaving a Normal Day with completely higher Value with the dPOC shifting lower to 17326 into the close..
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Day
- Largest volume was traded at 17326 F
- Vwap of the session was at 17371 with volumes of 91.8 L and range of 131 points as it made a High-Low of 17444-17313
- 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 17315-17326-17395
HVNs – 16980 / 17280**
(** indicates series POC)
Business Areas for 07th Oct 2022:
Up
17326 – dPOC from 06 Oct
17371 – VWAP from 06 Oct
17428 – Selling Singles (06 Oct)
17480 – SOC from 23 Sep
17520 – HVN from 23 Sep
17562 – Selling Singles (23 Sep)
Down
17318 – Buying singles (06 Oct)
17267 – VPOC 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
(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: 39378 [ 39750 / 39340 ]
BNF also opened higher and went on to scale above 26th Sep high of 39536 and tested the buying singles of 39686 from 23rd Sep while making a high of 39696 in the A period but got rejected triggering a move lower to 39387 in the B period.
The auction then got into a contraction mode forming a balance in a narrow range between 39645 & 39510 till the G period before it made a RE (Range Extension) to the upside in the H TPO making a re-entry in the 23rd Sep profile but could only manage to tag 39750 stalling just below the HVN of 39760 as it got back into the IB triggering a big liquidation move into the close resulting in a Neutral Extreme Day Down with a slow around the lows of 39340.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 39555 F
- Vwap of the session was at 39538 with volumes of 37.5 L and range of 410 points as it made a High-Low of 39750-39340
- 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 39401-39555-39636
HVNs – 38372 / 39176**
(** indicates series POC)
Business Areas for 07th Oct 2022:
Up
39387 – NeuX zone high
38538 – NeuX VWAP (06 Oct)
38681 – HVN from 06th Oct
39857 – VPOC from 23 Sep
40014 – VWAP from 23 Sep
40210 – Selling Singles
Down
39351 – Buying singles (06 Oct)
39267 – HVN from 04 Ovt
39172* – VPOC from 04 Oct
39042 – Buying Singles
38881 – IB singles mid-point
38600 – Gap singles 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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