Nifty Dec F: 17561 [ 17591 / 17416 ]
NF opened higher but got rejected from just below the daily VPOC of 17581 from 25th Nov as it made a high of 17579 and confirmed an ORR (Open Rejection Reverse) Down falling by 129 points in the IB (Initial Balance) while making a low of 17450 and continued this probe lower with a C side extension hitting new lows for the day at 17416 but left a responsive buying tail just above previous day’s singles signalling return of demand in this zone. The auction then made an OTF (One Time Frame) move to the upside till the H period where it tried to form a RE (Range Extension) to the upside recording new highs of 17591 but got rejected resulting in a pull back to the day’s VWAP in the L period where it left a PBL at 17491 and a close right at the dPOC of 17561 leaving a Neutral Centre Day with overlapping to higher Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Rejection Reverse – Down (ORR)
- The Day type was a Neutral Centre Day (NeuC)
- Largest volume was traded at 17561 F
- Vwap of the session was at 17512 with volumes of 85.6 L and range of 174 points as it made a High-Low of 17591-17416
- 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 17477-17561-17572
HVNs – 17198 / 17533
Business Areas for 10th Dec:
Up
17572 – PBH (Pull Back High) from 09th Dec
17635 – November series VWAP
17690 – Extension handle from 22nd Nov
17758 – Initiative singles from 22nd Nov
17829 – VWAP from 18th Nov
17879 – Monthly 1 ATR objective
Down
17553 – TPO POC from 09th Dec
17491 – PBL (Pull Back Low) from 09th Dec
17446 – Buying singles from 09th Dec
17390 – Buying singles from 08th Dec
17358 – Singles Mid-point
17299 – Selling singles from 07th Dec
17255 – Weekly IBH
(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: 37228 [ 37500 / 37017 ]
BNF opened with a freak tick of 37590 but was rejected back immediately into previous day’s range as it not only swiped through the Value but almost re-visited the FA of 37006 with a dreaded C side extension where it made a low of 37016 but left a small responsive buying tail at lows indicating that the FA was being defended after which the auction formed a Normal Day and a 3-1-3 profile with a selling tail at top from 37437 to 37500 and closed around the prominent TPO POC of 37225. We have a nice 2-day balance with the composite Value at 37088-37250-37335 and an initiative move away from here could start a fresh imbalance in the coming session(s).
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Rejection Reverse – Down (ORR)
- The Day type was a Normal Day (3-1-3 profile)
- Largest volume was traded at 37209 F
- Vwap of the session was at 37233 with volumes of 35.4 L and range of 483 points as it made a High-Low of 37500-37017
- 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 37085-37209-37296
HVNs – 36246 / 36425 / 37750
Business Areas for 10th Dec:
Up
37250 – 2-day composite POC
37437 – Selling singles from 09th Dec
37555 – HVN from 25th Nov
37746 – VWAP from 24th Nov
37965 – VPOC from 24th Nov
38047 – November series VWAP
38163 – VWAP from 18th Nov
Down
37224 – TPO HVN of 2-day composite
37088 – 2-day composite VAL
36882 – HVN from 07th Dec
36720 – VPOC from 07th Dec
36578 – Extension Handle from 07th Dec
36425 – Developing POC of Dec series
36252 – Singles Mid-point
(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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