Nifty Oct F: 17627 [ 17865 / 17603 ]
NF opened slightly higher and went on to tag the extension handle of 17852 but failed to get fresh demand as it turned into an Open Auction leaving a second successive narrow IB (Initial Balance) range of just 53 points after which it made a big C side extension to the downside almost completing the 2 IB target of 17757 but got swiftly rejected from previous day’s extension handle of 17780 resulting in a responsive buying tail from 17792 to 17762. The auction then made a slow probe higher till the ‘G’ period where it made marginal new highs for the day at 17865 but once again the lack of new buyers triggered a long liquidation move which kept gaining in momentum for the rest of the day as NF not only made new lows for the day in the H period but confirmed a FA (Failed Auction) at highs leaving an extension handle at 17762 and promptly completed the 1 ATR target of 17680 with the help of the second extension handle at 17694 in the K TPO. NF completed an ideal Neutral Extreme (NeuX) Day while making new lows of 17603 in the closing minutes leaving an outside bar on the daily with the NeuX zone of 17640 to 17603 being the reference for the next open.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction (OA)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 17844 F
- Vwap of the session was at 17745 with volumes of 102.8 L and range of 262 points as it made a High-Low of 17865-17603
- NF confirmed a FA at 17865 on 06/10 and tagged the 1 ATR objective of 17680 on the same day. The 2 ATR target comes to 17495.
- 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 17688-17844-17865
HVNs – 17700 / 17751 / 17817
Business Areas for 07th OCt:
Up
17630 – HVN from 06th Oct
17670 – Selling singles from 06th Oct
17715 – Higher HVN from 06th Oct
17762 – Extension Handle from 06th Oct
17811 – SOC (Scene Of Crime)
Down
17581 – Mid point of buying singles (4th Oct)
17551 – Mid point of gap up (04th Oct)
17516 – VPOC from 01st Oct
17493 – VWAP from 01st Oct
17448 – 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 )
BankNifty Oct F: 37624 [ 38190 / 37560 ]
BNF opened in the upper distribution of previous profile and took support right at the start of the DD (Double Distribution) singles of 37752 after which it gave a trending move higher for the rest of the IB (Initial Balance) getting above the PBH (Pull Back High) of 38135 from 29th Sep while making a high of 38150. The C side then what it does best which is to give a contra move breaking below the day’s VWAP but the auction held above PDH (Previous Day High) as it made a low of 37925 and started to coil over the next 2 periods building volumes at 38054 before moving away from here with a RE (Range Extension) in the ‘F’ TPO where it hit new highs of 38182 and followed it up with marginal new highs of 38190 as the G period began but could not get above the IBL of 38202 from Trend Day Down of 28th Sep from where the selling had intensified. BNF then made a decisive break of 38054 & the day’s VWAP in the ‘H’ TPO triggering a long liquidation move for the rest of the day making multiple REs to the downside as it not only confirmed a FA at top but went on to tag the 1 ATR objective of 36581 into the close leaving a Neutral Extreme Day Down. The zone of 37630 to 37560 would be the reference for the next open along with the extension handle of 37750 & today’s VWAP of 37898 being the important levels on the upside apart from the SOC (Scene Of Crime) of 38063 whereas on the downside, the auction could go for a test of the 01st Oct VPOC of 37355 and the buying singles of 37090 if sustains below 37505 in the coming session.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Rejection Reverse – Up (ORR)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 38054 F
- Vwap of the session was at 37898 with volumes of 41.1 L and range of 630 points as it made a High-Low of 38190-37560
- BNF confirmed a FA at 38190 on 06/10 and tagged the 1 ATR objective of 37581 on the same day. The 2 ATR target comes to 37972.
- BNF had confirmed a FA at 38023 on 30/09 and completed the 1 ATR objective of 37446 on 01/10. This FA was re-visted on 06/10 which was the ‘T+4’ Day.
- 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 37806-38054-38189
HVNs – 37622 / 37730
Business Areas for 07th Oct:
Up
37630 – NeuX zone high from 06th Oct
37750 – Extension Handle from 06th Oct
37898 – NeuX VWAP from 06th Oct
38054 – dPOC & SOC (Scene Of Crime) from 06th Oct
38190 – FA (Failed Auction) from 06th Oct
Down
37560 – NeuX zone low from 06th Oct
37475 – Mid point of buying singles (4th Oct)
37355 – VPOC from 01st Oct
37252 – VWAP from 01st Oct
37090 – Buying singles 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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