Nifty Nov F: 18216 [ 18375 / 18183 ]
NF opened with a gap up of 81 points & completed the 2 ATR target of 18375 from the FA of 18069 to the dot but for the second consecutive session saw big profit booking at these new highs of 2022 along with fresh supply coming in as it formed an initiative selling tail in the IB till 18314 & made an OTF (One Time Frame) probe lower till the F period hitting a low of 18236.
The auction then gave a bounce back above VWAP but left a PBH at 18300 signalling that the sellers were in no mood to relent and in fact went on to make couple of fresh REs lower into the close as it recorded new lows of 18183 in the L TPO & formed a ‘b’ shape long liquidation profile.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 18274 F
- Vwap of the session was at 18261 with volumes of 77.2 L and range of 192 points as it made a High-Low of 18375-18183
- NF confirmed a FA at 18069 on 04/11 and tagged the 2 ATR objective of 18375 on 09/11. This FA currently on ‘T+3’ Days.
- The settlement day Roll Over point (Nov 2022) is 17800
- The VWAP & POC of Oct 2022 Series is 17350 & 17260 respectively.
- The VWAP & POC of Sep 2022 Series is 17500 & 17643 respectively.
- The VWAP & POC of Aug 2022 Series is 17530 & 17530 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 18236-18274-18327
HVNs – 17745 / 18133 / 18193**
(** indicates series POC)
Business Areas for 10th Nov 2022:
Up
18229 – Monthly IBH
18261 – VWAP from 09 Nov
18300 – PBH from 09 Nov
18344 – IB singles mid
18375 – 2 ATR from FA (18069)
18426 – 1 ATR from yPOC (18274)
Down
18204 – Closing HVN
18162 – LVN from 07 Nov
18116 – 2-day composite POC (03-04 Nov)
18082 – HVN from 04 Nov
18050 – Weekly VWAP
18005 – VPOC from 31 Oct
(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: 41926 [ 42098 / 41841 ]
BNF opened with a gap up of 165 points & made new highs for the series at 42040 but settled down into an OAOR forming a very narrow 190 point IB range and remained largely in this all day except for an attempt to make a RE lower in the F period which got swiftly rejected at 41841 just above the yPOC of 41822 which was followed by a couple of extensions on the upside in the J & K TPOs as the auction confrimed a FA at lows.
However, this RE also could not sustain resulting in a big liquidation drop back to 41858 in the L period before the auction closed around today’s prominent dPOC of 41936 leaving a well balanced Neutral Centre Day with probable FAs at both the ends & would need confirmation in the next session as to which of the one would remain valid.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Neutral Centre Day (NeuC)
- Largest volume was traded at 41936 F
- Vwap of the session was at 41944 with volumes of 29.6 L and range of 258 points as it made a High-Low of 42098-41841
- The settlement day Roll Over point (Nov 2022) is 41510
- The VWAP & POC of Oct 2022 Series is 39750 & 38950 respectively.
- The VWAP & POC of Sep 2022 Series is 39910 & 40770 respectively.
- The VWAP & POC of Aug 2022 Series is 38530 & 38320 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 41868-41936-41967
HVNs – 41460
(** indicates series POC)
Business Areas for 10th Nov 2022:
Up
41936 – dPOC from 09 Nov
42040 – IBH from 09 Nov
42149 – 15th Sep ATH
42278 – 2 ATR from VPOC (41312)
42372 – 2 ATR from 41452
42533 – Weekly 3 IB objective
Down
41868 – VAL from 09 Nov
41730 – VWAP from 07 Nov
41625 – HVN from 07 Nov
41527 – Buying tail (07 Nov)
41452 – Weekly POC
41312 – VPOC from 04 Nov
(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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