Nifty Dec F: 17225 [ 17309 / 17016 ]
NF opened well above the yPOC of 16954 indicating that the imbalance to the downside had gone to the extreme as it negated the selling extension handles of yesterday with an initiative buying tail in the IB (Initial Balance) from 17105 to 17016 after which it made a big C side RE higher leaving an extension handle at 17143 and continued the OTF (One Time Frame) probe till the G period where it made a high of 17264 almost tagging the 2 IB objective of the day and gave a pull back to 17182 in the H period. The auction resumed its upside probe making a fresh RE in the I period and hit higher highs in the J & K TPOs as it tagged 17309 but stalled in the aggressive supply zone of 03rd Dec giving a retracement back to 17205 in the ‘L’ period before closing right at the dPOC of 17225 leaving a ‘p’ shape profile with mostly higher Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 17219 F
- Vwap of the session was at 17187 with volumes of 99.5 L and range of 292 points as it made a High-Low of 17309-17016
- NF confirmed a FA at 17100 on 01/12 and tagged the 1 ATR objective of 17357 on 02/12. This FA got re-visited on 06/12 and is no longer a valid reference.
- 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 17142-17219-17308
HVNs – 17198 / 17533
Business Areas for 08th Dec:
Up
17255 – Weekly IBH
17299 – Selling singles from 07th Dec
17358 – DD VWAP from 03rd Dec
17408 – VPOC from 03rd Dec
17444 – PBH from 03rd Dec
17482 – Selling singles from 03rd Dec
17547 – Weekly VPOC
Down
17219 – dPOC from 07th Dec
17182 – PBL from 07th Dec
17143 – Extension Handle from 07th Dec
17105 – Buying Singles from 07th Dec
17030 – Singles mid-point
16954 – VPOC from 06th Dec
16917 – 1.5 Weekly IB objective
(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: 36745 [ 36964 / 36100 ]
BNF rejected the NeuX close of previous session with a gap up plus an OL (Open=Low) start well above the extension handle of 36011 after which it left an initiative buying tail from 36404 to 36100 and made a trending move higher for most part of the day as it remained above VWAP & not only scaled above the FA of 36489 but left an extension handle at 36578 and completed the 2 IB objective of 36950 stopping just below previous week’s high of 36966 where it saw good profit booking by the longs triggering a retracement back to 36700 and a close just above the dPOC of 36720 leaving a ‘p’ shape profile for the day with completely higher Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 36720 F
- Vwap of the session was at 36612 with volumes of 46.3 L and range of 864 points as it made a High-Low of 36964-36100
- BNF confirmed a FA at 36489 on 06/12 and the 1 ATR target comes to 35742. This FA got negated on 07/12 and is no longer a valid reference.
- 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 36491-36720-36942
HVNs – 36246 / 36425 / 37750
Business Areas for 08th Dec:
Up
36774 – TPO HVN from 07th Dec
36932 – Selling singles from 07th Dec
37094 – Monthly IBH
37200 – Singles mid point
37408 – Previous Week’s POC
37555 – HVN from 25th Nov
37746 – VWAP from 24th Nov
Down
36720 – dPOC from 07th Dec
36578 – Extension Handle from 07th Dec
36425 – Developing POC of Dec series
36252 – Singles Mid-point
36044 – Monthly IBL
35885 – VPOC from 06th Dec
35742 – 1 ATR from FA of 36489
(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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