Nifty Dec F: 18670 [ 18775 / 18650 ]
NF opened lower and made a freak tick of 18680 but got back into previous Value completing the 80% Rule in the Gaussian Profile and made an attempt to get into the earlier 2-day balance while making a high of 18774 in the IB but a typical C side extension to 18775 resulted in a big liquidation drop lower to 18650 taking support in the 28th Nov A period singles as the auction confirmed a FA (Failed Auction) at highs leaving a Neutral Extreme Day Down with mostly lower Value.
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 Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 18672 F
- Vwap of the session was at 18702 with volumes of 64.7 L and range of 125 points as it made a High-Low of 18775-18650
- NF confirmed a FA at 18775 on 07/12 and almost tagged 1 ATR objective of 18633 on the same day. The 2 ATR target comes to 18490
- 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 18651-18672-18719
HVNs – 18645 / 18722** / 18772
(** indicates series POC)
Business Areas for 08th Dec 2022:
Up
18672 – dPOC from 07 Dec
18727 – PBH from 07 Dec
18775 – FA from 07 Dec
18809 – 2-day comp VPOC
18856 – Selling Tail (02 Dec0
18902 – IB singles mid
Down
18657 – Buying tail (07 Dec)
18619 – dPOC from 25 Nov
18566 – Weekly FA
18513 – VPOC from 24 Nov
18451 – IB singles mid
18411 – VPOC 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 )
BankNifty Dec F: 43331 [ 43541 / 43177 ]
BNF opened lower but took support right at yesterday’s buying tail from 43382 and reversed the probe to the upside for the rest of the IB (Initial Balance) as it made a high of 43533 after which it made the dreaded C side to 43541 which was swiftly rejected triggering a big drop till the D period not only confirming a FA (Failed Auction) at highs but went on to complete the 1 ATR target of 43244 as it made a low of 43177 holding just above 02nd Dec’s Swing Low of 43161.
The auction then remained in a narrow range for the rest of the day forming a Neutral Centre profile as it closed right at the dPOC of 43327 which incidentally matches very closely with the Roll Over (RO) point of the December 2022 series. Value was completely lower on the daily timeframe but on the weekly one, BNF is forming a nice balance with completely inside Value along with a prominent POC at 43324 and has a good chance of starting a fresh imbalance in the next couple of sessions.
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 Neutral Centre Day (NeuC)
- Largest volume was traded at 43327 F
- Vwap of the session was at 43347 with volumes of 24.9 L and range of 364 points as it made a High-Low of 43541-43177
- BNF confirmed a FA at 43541 on 07/12 and tagged 1 ATR objective of 43244 on the same day. The 2 ATR target comes to 42948
- 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 43205-43327-43396
HVNs – 42955 / 43303**
(** indicates series POC)
Business Areas for 08th Dec 2022:
Up
43385 – PBH from 07 Dec
43450 – Weekly VAH
43541 – FA from 07 Dec
43645 – Selling Tail (01 Dec)
43760 – 1 ATR from 2-day POC
43839 – Weekly 3 IB target
Down
43327 – dPOC from 07 Dec
43215 – buying tail (07 Dec)
43161 – 02 Dec Swing low
43050 – Monthly IBL
42932 – VWAP from 23 Nov
42814 – IB singles mid
(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
