Nifty Nov F: 18070 [ 18141 / 17994 ]
NF opened right at the yPOC of 18132 but could not extend higher as it made a high of 18141 and probed lower filling up the low volumes zone of yesterday’s DD (Double Distribution) profile while making multiple REs (Range Extension) and tagging the extension handle of 18010 while making a low of 17994 in the ‘I’ period where it left a small responsive buying tail marking the end of the downside for the day. The auction then formed a perfect Gaussian Curve on the daily with a close right at the prominent POC of 18070 with both Value & Range being inside and has a very good chance of moving away from here in the coming session(s).
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 – Down (Gaussian Curve)
- Largest volume was traded at 18076 F
- Vwap of the session was at 18069 with volumes of 66.8 L and range of 147 points as it made a High-Low of 18141-17994
- 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 18036-18076-18096
HVNs – 17820 / 17911 / 18354
Business Areas for 10th Nov:
Up
18100 – PBH from 09th 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
Down
18038 – Monthly IBL & yVAL
18008 – PBL from 09th Nov
17967 – HVN from 08th Nov
17916 – Weekly POC
17893 – PBL (Pull Back Low) from 08th Nov
17845 – VPOC from 03rd 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: 39544 [ 39708 / 39352 ]
BNF tested the higher HVN of 39699 at open and got rejected indicating that the upside was capped as it made a slow probe lower towards the lower HVN of 39341 and made a low of 39352 in the ‘I’ period leaving a narrow range inside day and a nice Bell Curve fitting in perfectly in previous profile giving a nice 2-day composite with Value at 39348-39555-39651 and has closed right at the POC. There is bright chance of this balance turning into an imbalance in the coming session(s) provided we get a strong open with initiative volumes.
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 Variation Day – Down (Inside Bar + Bell Curve)
- Largest volume was traded at 39522 F
- Vwap of the session was at 39529 with volumes of 24.2 L and range of 356 points as it made a High-Low of 39708-39352
- 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 39465-39522-39619
HVNs – 39531 / 39757 / 40080 / 40750
Business Areas for 10th Nov:
Up
39555 – 2-day composite POC
39651 – 2-day composite VAH
39818 – Trend Day VWAP from 03rd Nov
40080 – Weekly POC
40176 – HVN from 03rd Nov
40276 – Selling Singles from 03rd Nov
Down
39469 – 2-day composite VWAP
39348 – 2-day composite VAL
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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