Nifty Dec F: 17513 [ 17527 / 17327 ]
NF opened with a big gap up and continued to drive higher in the IB (Initial Balance) as it tagged the 03rd Dec VPOC of 17408 and went on to make a high of 17465 but the break of VWAP in the C period led to a dip to 17390 after which the auction got back above VWAP and stayed above it for the rest of the day making multiple REs (Range Extension) to hit 17527 in the L period before closing at the dPOC of 17513 leaving yet another ‘p’ shape profile with completely higher Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range plus Drive Up (OAOR + D)
- The Day type was a Normal Variation Day – Up (‘p’ shape profile)
- Largest volume was traded at 17513 F
- Vwap of the session was at 17458 with volumes of 79.3 L and range of 200 points as it made a High-Low of 17527-17327
- 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 17437-17513-17518
HVNs – 17198 / 17533
Business Areas for 09th Dec:
Up
17517 – Selling singles from 08th Dec
17547 – Weekly VPOC
17601 – 4-day composite VPOC (22nd to 25th Nov)
17635 – November series VWAP
17690 – Extension handle from 22nd Nov
17758 – Initiative singles from 22nd Nov
17829 – VWAP from 18th Nov
Down
17492 – HVN from 08th Dec
17458 – VWAP from 08th Dec
17390 – Buying singles from 08th Dec
17358 – Singles Mid-point
17299 – Selling singles from 07th Dec
17255 – Weekly IBH
17219 – VPOC from 07th Dec
(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: 37402 [ 37475 / 37006 ]
BNF also opened with a big gap up of 300 points as it got accepted in the gap down singles of 37535 to 37055 from 26th Nov and confirmed a FA (Failed Auction) at 37006 in the attempt it made to probe lower in the C period forming a NeuX (Neutral Extreme) profile to the upside though the close was a bit off the highs as it stopped just below the daily VPOC of 37497 from 25th Nov leaving similar highs for the day at 37475. Value once again was completely higher and today’s POC & VWAP of 37387 & 37263 would be the important levels that need to be held for the auction to continue higher in the coming session(s).
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range plus Drive Up (OAOR + D)
- The Day type was a Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 37387 F
- Vwap of the session was at 37263 with volumes of 38.5 L and range of 468 points as it made a High-Low of 37475-37006
- BNF confirmed a FA at 37006 on 08/12 and the 1 ATR objective comes to 37780.
- 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 37192-37387-37472
HVNs – 36246 / 36425 / 37750
Business Areas for 09th Dec:
Up
37408 – Weekly VPOC
37555 – HVN from 25th Nov
37746 – VWAP from 24th Nov
37965 – VPOC from 24th Nov
38047 – November series VWAP
38163 – VWAP from 18th Nov
38368 – Selling tail top from 22nd Nov
Down
37387 – dPOC from 08th Dec
37263 – VWAP from 08th Dec
37006 – FA (Failed Auction) from 08th Dec
36882 – HVN from 07th Dec
36720 – VPOC from 07th Dec
36578 – Extension Handle from 07th Dec
36425 – Developing POC of Dec series
(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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