Nifty Nov F: 18123 [ 18153 / 17852 ]
NF made a gap up open by exactly 100 points and continued to probe higher as it made a high of 18010 in the opening minutes but got rejected from the HVN of 17994 triggering a quick fall of over 150 points as it made a low of 17852 stalling just above the yPOC of 17845 and all this action happened within the A period resulting in the B TPO consolidating in a very narrow 36 point range as it left tails at both ends of the IB. The C side then played the typical fake move first by testing the smaller tail at lows where it was swiftly rejected from 17860 which signalled that the sellers were unable to keep the pressure and this led to a short covering move to 17975 in the E period as the auction now began to test the selling singles of the IB and gave a dip to VWAP leaving a PBL at 17893 which confirmed presence of buyers and this buying then gave the first RE to the upside in the F period with the help of an extension handle at 18010 and gave a trending move higher till the ‘J’ TPO where it got into the selling singles from 28th Oct & made a high of 18153. NF then saw some profit booking into the close as the dPOC shifted higher to 18132 leaving a Double Distribution Trend Day Up.
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 Double Distribution Day – Up (DD)
- Largest volume was traded at 18132 F
- Vwap of the session was at 18027 with volumes of 100.3 L and range of 301 points as it made a High-Low of 18153-17852
- The settlement day Roll Over point (November) is 17901
- The VWAP & POC of Oct Series is 18036 & 18155 respectively.
- The VWAP & POC of Sep Series is 17519 & 17365 respectively.
- The VWAP & POC of Aug Series is 16455 & 16255 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 17959-18132-18151
HVNs – 17820 / 17911 / 18354
Business Areas for 09th Nov:
Up
18132 – dPOC from 08th Nov
18155 – Selling Singles plus Oct Monthly POC
18204 – Previous week’s POC
18234 – Top of selling tail from 28th Oct
18283 – Extension Handle from 27th Oct
18304 – Weekly 1.5 IB Objective
18355 – VPOC from 27th Oct
Down
18112 – HVN from 08th Nov
18077 – Mid-profile buying singles
18027 – DD VWAP from 08th Nov
17967 – HVN from 08th Nov
17916 – Weekly POC
17893 – PBL (Pull Back Low) from 08th Nov
(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: 39652 [ 39751 / 39051 ]
BNF opened higher and even tagged 39750 in the opening minutes but could not sustain above the RO point of 39650 leading to a big fall of 593 points in the IB itself which included a long selling tail from 39458 to 39750. The auction remained below the Oct series VWAP of 39368 post IB and made a RE to the downside in the E period where it made new lows for the day at 39051 but was swiftly rejected as it left a responsive buying tail from 39158 to 39051 which confirmed demand coming back and caused a trending move higher for the rest of the day almost confriming a FA at lows as it hit 39720 into the close leaving a Normal Day with a small Neutral charateristic to it. BNF has a good chance of confirming a multiday FA at 39051 if it opens above 39750 in the next session so the PLR (Path of Least Resistance) for this week would be to the upside with the immediate reference on the downside being today’s POC of 39618 & below it the VWAP of 39436.
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 Day
- Largest volume was traded at 39618 F
- Vwap of the session was at 39436 with volumes of 44.3 L and range of 700 points as it made a High-Low of 39751-39051
- The settlement day Roll Over point (November) is 39650
- The VWAP & POC of Oct Series is 39368 & 41157 respectively.
- The VWAP & POC of Sep Series is 37210 & 36633 respectively.
- The VWAP & POC of Aug Series is 35715 & 35616 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 39333-39618-39718
HVNs – 39531 / 39757 / 40080 / 40750
Business Areas for 09th Nov:
Up
39699 – HVN from 08th Nov
39818 – Trend Day VWAP from 03rd Nov
40080 – Weekly POC
40176 – HVN from 03rd Nov
40273 – Selling Singles from 03rd Nov
40393 – VPOC from 28th Oct
40539 – 2 ATR from multi-day FA of 39051
Down
39618 – POC from 08th Nov
39436 – VWAP from 08th Nov
39341 – HVN from 08th Nov
39158 – Buying singles from 08th Nov
39051 – FA (Failed Auction) from 08th Nov
38928 – Buying Singles from 29th Oct
38834 – Buying tail low from 14th 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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