Nifty Nov F: 18023 [ 18086 / 17925 ]
NF gave a move away from the Gaussian Curve with a gap down of 81 points & remained below below PDL (Previous Day Low) but formed a narrow IB (Initial Balance) range of just 67 points indicating that the sellers were all but out as the auction remained in the IB till the ‘F’ period building volumes at 17960 before it made a typical G TPO move in an OAOR day by making a RE (Range Extension) higher and followed it up with an extension handle at 18003 in the ‘I’ period getting back into previous day’s range & value triggering the 80% Rule in the well balanced profile and tagging the prominent POC of 18070 in the ‘J’ period where it made a high of 18086 stalling just below yVAH marking the end of the upmove for the day. The auction then made a retracement back to 18010 into the close before closing the day at 18023 forming completely lower Value with 18003 being the immediate reference on the downside for the next open along with the dPOC of 17960.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 17960 F
- Vwap of the session was at 17993 with volumes of 65.1 L and range of 161 points as it made a High-Low of 18086-17925
- 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 17928-17960-18022
HVNs – 17820 / 17911 / 18354
Business Areas for 11th Nov:
Up
18038 – Monthly IBL
18078 – Selling singles from 10th Nov
18115 – SOC (Scene Of Crime) from 09th Nov
18155 – Selling Singles plus Oct Monthly POC
18204 – Previous week’s POC
18234 – Top of selling tail from 28th Oct
Down
18003 – Extension Handle from 10th Nov
17960 – dPOC from 10th Nov
17916 – Weekly POC
17893 – PBL (Pull Back Low) from 08th Nov
17845 – VPOC from 03rd Nov
17820 – VN 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: 39120 [ 39350 / 38986 ]
BNF also opened lower and made a high right at the 2-day composite VAL of 39348 indicating that the PLR (Path of Least Resistance) was to the downside and it did probe lower in the IB as it made new lows for the week at 38986 in the B period but could not extend any further inspite of forming a relatively narrow IB range of 364 points. The auction remained in the IB all day long forming another prominent POC at 39135 with small tails at both ends in the Normal Day it left today with Value completely lower. /span>
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Day (3-1-3 profile)
- Largest volume was traded at 39135 F
- Vwap of the session was at 39149 with volumes of 28.6 L and range of 364 points as it made a High-Low of 39350-38986
- 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 39068-39135-39188
HVNs – 39531 / 39757 / 40080 / 40750
Business Areas for 11th Nov:
Up
39135 – dPOC from 10th Nov
39254 – PWL (Previous Week Low)
39441 – Mid-point of Gap Down of 10th Nov
39555 – 2-day composite VPOC
39651 – 2-day composite VAH
39818 – Trend Day VWAP from 03rd Nov
39941 – SOC from 03rd Nov
Down
39060 – VAL of 10th Nov
38928 – Buying Singles from 29th Oct
38834 – Buying tail low from 14th Oct
38724 – HVN from 12th Oct
38599 – Extension Handle from 12th Oct
38460 – Weekly VPOC
38300 – Extension Handle from 11th 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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