Nifty Oct F: 17900 [ 17940 / 17835 ]
NF opened higher and hit new highs for the week at 17898 in the IB (Initial Balance) and continued the probe higher with a big C side extension to 17940 as it got into the selling singles from 28th Sep but could not extend any further leading to a balance being formed for the rest of the day showing up as a nice Gaussian Curve on the daily with a close right at the prominent POC of 17899 and has a good chance of turning into an imbalance in the next session.
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 (Gaussian Curve)
- Largest volume was traded at 17899 F
- Vwap of the session was at 17888 with volumes of 63.6 L and range of 105 points as it made a High-Low of 17940-17835
- NF confirmed a FA at 17865 on 06/10 and tagged the 1 ATR objective of 17680 on the same day. This FA got re-visited in ‘T+1’ Day and closed above it on 08/10.
- The settlement day Roll Over point (October) is 17611
- The VWAP & POC of Sep Series is 17519 & 17365 respectively.
- The VWAP & POC of Aug Series is 16455 & 16255 respectively.
- The VWAP & POC of Jul Series is 15778 & 15820 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 17870-17899-17930
HVNs – 17700 / 17751 / 17817
Business Areas for 11th Oct:
Up
17930 – VAH of 08th Oct Gaussian Curve
17975 – 3-Day Composite VAH
18050 – 1 ATR from negated FA of 17865
18079 – Monthly 1.5 IB Objective
18112 – 1 ATR from 17930
Down
17870 – VAL of 08th Oct Gaussian Curve
17816 – VPOC from 3-day composite (5th to 7th Oct)
17773 – Weekly VWAP
17745 – NeuX VWAP from 06th Oct
17700 – Mid point of gap up (07th Oct)
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Oct F: 37917 [ 38200 / 37788 ]
BNF gave a move away from the prominent POC of 37895 with an upside probe in the IB (Initial Balance) which was followed by a big range extension in the C period as the auction hit 38200 and in the process re-visited the FA of 38190 but left a responsive selling tail indicating supply coming back in this zone which led to a downside probe to 37788 before giving the second consecutive Neutral Centre Day with completely overlapping Value and a close around the day’s prominent POC of 37935 which will be the reference for the next open for a move away on initiative volumes for a new imbalance to begin.
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 Neutral Centre Day (NeuC)
- Largest volume was traded at 37935 F
- Vwap of the session was at 37966 with volumes of 35.5 L and range of 412 points as it made a High-Low of 38200-37788
- BNF confirmed a FA at 38190 on 06/10 and tagged the 1 ATR objective of 37581 on the same day. This FA got re-visited in ‘T+2’ Day on 08/10 and got rejected once again closing well below it.
- The settlement day Roll Over point (October) is 37596
- The VWAP & POC of Sep Series is 37210 & 36633 respectively.
- The VWAP & POC of Aug Series is 35715 & 35616 respectively.
- The VWAP & POC of Jul Series is 35105 & 34804 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 37823-37935-38024
HVNs – 37622 / 37730 / 37874
Business Areas for 11th Oct:
Up
37935 – Prominent POC from 08th Oct
38024 – VAH from 08th Oct
38154 – Selling Singles from 08th Oct
38319 – Selling singles from 28th Sep
38492 – 1 ATR from 37935
Down
37874 – Weekly POC
37750 – Extension Handle from 06th Oct
37630 – NeuX zone high from 06th Oct
37475 – Mid point of buying singles (4th Oct)
37355 – VPOC from 01st 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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