Nifty Nov F: 18092 [ 18150 / 18030 ]
NF continued previous day’s closing imbalance with a gap down of 107 points after which it left an initiative selling tail from 18150 to 18114 and almost tagged the 04th Nov FA of 18069 while making a low of 18070 in the IB and remained in the narrow range of just 80 points leaving a PBH at 18129 in the E period indicating sellers still in control.
The auction then made a RE lower in the most favourite G TPO of an OAOR start and continued to make a lower low in the H where it tested previous week’s Trend Up VWAP of 18050 and hit 18030 which was the 1.5 IB objective of the weekly as well as the daily IB range and saw profit booking by the sellers & some demand coming back marking the end of the downmove for the day and formed a nice Gaussian profile closing right at the dPOC of 18098.
Click here to view the latest profile in NF on MPLite
This week’s settlement profile is a Neutral Centre one with mostly overlapping Value at 18048-18093-18237 and also resembles a DD (Double Distribution) with a selling tail at top from 18308 to 18375 & the upper HVN at 18274 and has closed right at the lower HVN of 18093 far away from the VWAP of 18179 which will be the immediate upside reference for the coming week.
Click here to view the daily profile charts of NF of this settlement week on MPLite
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (Gaussian Curve)
- Largest volume was traded at 18098 F
- Vwap of the session was at 18085 with volumes of 77 L and range of 120 points as it made a High-Low of 18150-18030
- NF confirmed a FA at 18069 on 04/11 and tagged the 2 ATR objective of 18375 on 09/11. This FA got revisted on 10/11 which was the ‘T+3’ Day & is no longer a valid reference.
- 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 18065-18098-18131
HVNs – 17745 / 18133 / 18193**
(** indicates series POC)
Business Areas for 11th Nov 2022:
Up
18098 – dPOC from 10 Nov
18129 – Selling Tail (10 Nov)
18163 – Gap Mid-point
18216 – LVN from 09 Nov
18261 – VWAP from 09 Nov
18300 – PBH from 09 Nov
Extended Hypos
18344 – IB singles mid
18375 – 09 Nov Swing High
18426 – 1 ATR from VPOC (18274)
18458 – Monthly 1.5 IB target
18500 – Monthly ATR from Oct POC (17280)
Down
18085 – VWAP from 10 Nov
18048 – Weekly VAL
18005 – VPOC from 31 Oct
17968 – IB singles mid (31 Oct)
17926 – IB singles low (31 Oct)
17889 – Gap mid-point
(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: 41731 [ 41795 / 41469 ]
BNF also opened lower by 256 points confirming a multi-day FA at 42098 and went on to complete the 1 ATR objective of 41639 while making a low of 41631 in the IB and continued to make a slow OTF (One Time Frame) probe lower till the H period where it made a low of 41469 stopping just above the weekly POC of 41452.
The auction then made a short covering bounce back above VWAP into the close as it tested the A period selling singles & left a closing PBH at 41758 and saw the dPOC shift higher to 41731 closing right there forming a nice 3-1-3 Gaussian Curve.
Click here to view the latest profile in BNF on MPLite
This week’s settlement saw BNF making an attempt to move away from the ultra prominent POC of last 2 weeks at 41452 as it made a trending probe higher for the first 3 days while leaving higher dPOCs at 41312, 41822 & 41936 but came back lower on the last day making a low of 41469 leaving a slightly elongated profile with mostly higher Value at 41510-41617-41942.
Click here to view the daily profile charts of BNF of this settlement week on MPLite
- The BNF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (3-1-3 Gaussian Curve)
- Largest volume was traded at 41731 F
- Vwap of the session was at 41640 with volumes of 34 L and range of 326 points as it made a High-Low of 41795-41469
- 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 41595-41731-41754
HVNs – 41460
(** indicates series POC)
Business Areas for 11th Nov 2022:
Up
41758 – Selling Tail (10 Nov)
41842 – Mid-point of tail
41936 – VPOC from 09 Nov
42040 – IBH from 09 Nov
42230 – 1.5 Monthly IB
42372 – 2 ATR from 41452
Extended Hypos
42533 – Weekly 3 IB objective
42635 – Monthly 2 IB
42761 – 2 ATR from 41841
42875 – Weekly ATR from 41452
43024 – Weekly 1 ATR from 41617
Down
41731 – dPOC from 10 Nov
41617 – Weekly POC
41491 – Buying tail (10 Nov)
41312 – VPOC from 04 Nov
41220 – Buying tail (04 Nov)
41096 – 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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