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 )
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive
