Nifty Nov F: 18264 [ 18308 / 18119 ]
NF opened with a gap up of 100 points and almost completed the weekly 3 IB objective of 18310 while making a high of 18308 and saw big profit booking by the longs triggering a probe lower for most part of the day as it not only tested the NeuX zone of 18220 to 18150 but went on to make a low of 18119 tagging the 2-day overlapping POC and leaving a responsive buying tail marking the end of the downside for the day.
The auction then gave a bounce back to 18276 into the close leaving a 3-1-3 profile for the day with mostly higher Value and even saw the dPOC shift higher to 18266 which will be the immediate reference for the next open.
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 Variation Day – Down (3-1-3 profile)
- Largest volume was traded at 18266 F
- Vwap of the session was at 18220 with volumes of 85.5 L and range of 189 points as it made a High-Low of 18308-18119
- NF confirmed a FA at 18069 on 04/11 and tagged the 1 ATR objective of 18222 on 07/11. The 2 ATR target comes to 18375
- The settlement day Roll Over point (Nov 2022) is 17800
- The VWAP & POC of Oct 2022 Series is 17350 & 17260 respectively.
- The VWAP & POC of Sep 2022 Series is 17500 & 17643 respectively.
- The VWAP & POC of Aug 2022 Series is 17530 & 17530 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 18183-18266-18272
HVNs – 17745 / 18133**
(** indicates series POC)
Business Areas for 09th Nov 2022:
Up
18276 – Selling Tail (07 Nov)
18310 – 3 IB weekly target
18375 – 2 ATR from FA (18069)
18418 – 1 ATR from yPOC (18266)
18458 – Monthly 1.5 IB target
18500 – Monthly ATR from Oct POC (17280)
Down
18266 – dPOC from 07 Nov
18210 – HVN from 07 Nov
18162 – LVN from 07 Nov
18116 – 2-day composite POC (03-04 Nov)
18082 – HVN from 04 Nov
18050 – Weekly VWAP
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Nov F: 41845 [ 41900 / 41489 ]
BNF opened with a gap up of 450 points scaling above 21st Sep high of 41850 as it made a high of 41880 and saw huge profit booking followed by fresh selling coming in as it not only left an initiative selling tail in the IB but left an extension handle at 41666 & made multiple REs (Range Extension) lower getting back into previous day’s range & making a low of 41489 in the I period stopping just above last Friday’s singles of 41470 to 41646.
The defending of the prominent weekly POC of 41452 indicated demand coming back and they then pushed the auction back above 41666 & the initiative selling tail of morning hitting new highs for the day at 41900 confirming a Neutral Day and sas the dPOC also shifting higher to 41822 into the close which will be the opening reference for the next session as BNF seems to be finally moving away from the 9-day composite it was forming.
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 Day (NeuD)
- Largest volume was traded at 41822 F
- Vwap of the session was at 41730 with volumes of 36.7 L and range of 410 points as it made a High-Low of 41900-41489
- The settlement day Roll Over point (Nov 2022) is 41510
- The VWAP & POC of Oct 2022 Series is 39750 & 38950 respectively.
- The VWAP & POC of Sep 2022 Series is 39910 & 40770 respectively.
- The VWAP & POC of Aug 2022 Series is 38530 & 38320 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 41759-41822-41899
HVNs – 41460
(** indicates series POC)
Business Areas for 09th Nov 2022:
Up
41880 – Selling tail (07 Nov)
41980 – PBH from 20 Sep
42090 – Weekly 2 IB
42149 – 15th Sep ATH
42278 – 2 ATR from VPOC (41312)
42372 – 2 ATR from 41452
Down
41822 – dPOC from 07 Nov
41730 – VWAP from 07 Nov
41625 – HVN from 07 Nov
41527 – Buying tail (07 Nov)
41452 – Weekly POC
41312 – VPOC from 04 Nov
(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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