Nifty Dec F: 17559 [ 17585 / 17435 ]
NF made an OAIR (Open Auction In Range) start but moved away from the yPOC of 17561 as it left an initiative tail in the IB (Initial Balance) from 17537 to 17569 forming the narrowest IB range of this series at just 104 points. The auction remained between the day’s VWAP & the IBL of 17465 for the first half of the day before it made a RE (Range Extension) to the downside in the G period and followed it up with a lower low of 17435 in the H TPO but got rejected from previous profile’s buying tail triggering a short covering move into the close as NF went on to make new highs for the day with couple of REs to the upside also in the closing 2 TPOs but stopped just short of PDH making a high of 17585 before closing the day at 17561 leaving yet another Neutral Day with overlapping Value. We now have a nice 3-day composite in NF with Value at 17434-17495-17541.
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 Neutral Day (NeuD plus Inside Bar)
- Largest volume was traded at 17501 F
- Vwap of the session was at 17508 with volumes of 75.1 L and range of 150 points as it made a High-Low of 17585-17435
- 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 17457-17501-17546
HVNs – 17198 / 17533
Business Areas for 13th Dec:
Up
17580 – Weekly VAH
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
17541 – 3-day composite VAH
17495 – 3-day composite POC
17434 – 3-day composite VAL
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: 37246 [ 37296 / 36927 ]
BNF made an attempt to move away from the 2-day balance as it made a low of 36940 in the opening minute but got rejected back into the composite giving a quick bounce to 37271 and continued to attract fresh supply at the 2-day POC of 37250 forming the auction to remain locked in this narrow 331 point range for most part of the day after which it made an attempt to make a RE (Range Extension) lower in the H period tagging marginal new lows for the day at 36927 but was once again rejected from this zone triggering a late short covering rally into the close as BNF went on to confirm a FA at lows with a brief RE to the upside in the closing minutes as it hit 37296 leaving a Neutral Day. On the larger timeframe, similar to NF, we now have a 3-day composite here also with Value at 37039-37233-37287 and need an initiative move away from here to start a fresh imbalance.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction (OA)
- The Day type was a Neutral Centre Day (NeuC)
- Largest volume was traded at 37236 F
- Vwap of the session was at 37109 with volumes of 29.1 L and range of 369 points as it made a High-Low of 37296-36927
- BNF confirmed a FA at 36927 on 10/12 but needs to stay above 37271 for the 1 ATR objective probe towards 37694.
- BNF confirmed a FA at 37006 on 08/12 and the 1 ATR objective comes to 37780. This FA got re-visited on 10/12 and is no longer a valid reference.
- 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 37050-37236-37292
HVNs – 36246 / 36425 / 37750
Business Areas for 13th Dec:
Up
37287 – 3-day composite VAH
37437 – Selling singles from 09th Dec
37555 – HVN from 25th Nov
37694 – 1 ATR from FA of 36927
37965 – VPOC from 24th Nov
38047 – November series VWAP
38163 – VWAP from 18th Nov
Down
37233 – 3-day composite POC
37039 – 3-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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