Nifty Oct F: 17227 [ 17278 / 17050 ]
NF opened with a big 229 point gap down and made an attempt to enter the 6-day composite Value from 26th Sep to 03rd Oct but formed similar lows of 17056 & 17050 in the LVZ (low volume zone) of 17064 to 17044 as the buyers came back to defend this zone and made a big RE (Range Extension) in the E period triggering a trending move higher till the H TPO as the auction completed the 2 IB objective of 17230 and made a high of 17278 stalling just below previous week’s POC of 17280.
The failure to get fresh demand at 17280 then triggered a retracement back to the day’s VWAP as NF broke below it in the J period but left a PBL at 17114 signalling that the morning buyers were back and they pushed the auction back to 17247 into the close with the dPOC also shifting higher to 17233 leaving a Normal Variation Day Up profile with completely lower Value.
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 – Up (NV)
- Largest volume was traded at 17233 F
- Vwap of the session was at 17152 with volumes of 126.8 L and range of 229 points as it made a High-Low of 17278-17050
- The settlement day Roll Over point (Oct 2022) is 16837
- The VWAP & POC of Sep 2022 Series is 17500 & 17643 respectively.
- The VWAP & POC of Aug 2022 Series is 17530 & 17530 respectively.
- The VWAP & POC of Jul 2022 Series is 16556 & 15976 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 17090-17233-17244
HVNs – 16980 / 17280**
(** indicates series POC)
Business Areas for 11th Oct 2022:
Up
17247 – PBH from 10 Oct
17280 – Weekly POC
17329 – VPOC from 07 Oct
17371 – VWAP from 06 Oct
17428 – Selling Singles (06 Oct)
17480 – SOC from 23 Sep
Down
17220 – Weekly IBL
17153 – VWAP from 10 Oct
17100 – HVN from 10 Oct
17056 – Buying singles
17004 – 6-day composite VPOC
16953 – VPOC from 03 Oct
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Oct F: 39216 [ 39447 / 38610 ]
BNF also made a huge gap down open of 548 points and probed further down to 38610 where it took support just above the 04th Oct Gap Singles mid-point of 38600 and left an A period buying tail in the IB indicating some demand coming back which got more confrimation with a C side extension as the auction started an OTF (One Time Frame) probe higher where it not only completed the 2 IB target of 39190 but completely engulfed previous day’s range as it went on to make a high of 39447 in the H period.
The OTF stopped in the I period as the auction made lower lows for the first time in the day and this led to a test of the day’s VWAP in the J period where it left a PBL at 38930 and made a rotation back higher to 39265 before closing the day around the dPOC of 39214 leaving an Outside Day both in terms of Range & Value.
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 Normal Variation Day – Up (NV)
- Largest volume was traded at 39215 F
- Vwap of the session was at 39042 with volumes of 49.9 L and range of 837 points as it made a High-Low of 39447-38610
- BNF confirmed a FA at 38893 on 07/10 and the 1 ATR target comes to 39642. This FA got revisted the very next session in a gap down & is no longer a valid reference.
- The settlement day Roll Over point (Oct 2022) is 37890
- The VWAP & POC of Sep 2022 Series is 39910 & 40770 respectively.
- The VWAP & POC of Aug 2022 Series is 38530 & 38320 respectively.
- The VWAP & POC of Jul 2022 Series is 35427 & 35099 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 38878-39215-39421
HVNs – 38372 / 39176**
(** indicates series POC)
Business Areas for 11th Oct 2022:
Up
39265 – Closing PBH (10 Oct)
39420 – Selling singles (10 Oct)
38555 – VPOC from 06 Oct
38681 – HVN from 06th Oct
39857 – VPOC from 23 Sep
40014 – VWAP from 23 Sep
Down
39215 – dPOC from 10 Oct
39042 – VWAP from 10 Oct
38930 – PBL from 10 Oct
38705 – Buying Singles (10 Oct)
38600 – Gap singles mid-point
38468 – 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 )
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