Nifty Nov F: 18424 [ 18440 / 18320 ]
NF opened the day with a huge 240 point gap up and consolidated by negating the 09th Nov initiative selling tail of 18344 to 18375 while making a high of 18397 in the IB but settled down into an OAOR forming a narrow 78 point range in the first hour.
The auction then left similar low of 18355 in the C & D periods indicating limited downside after which it made a slow probe higher for the rest of the day making small REs starting from the important G TPO forming a ‘p’ shape profile before closing in a small spike from 18424 to 18440.
Today’s VWAP of 18380 will be the important reference on the downside for the coming session(s) along with the A period buying tail from 18355 as this imbalance looks to continue higher if NF gets accepted above the spike zone for probable objectives of 18462, 18509 & 18603.
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 (‘p’ profile plus mini spike)
- Largest volume was traded at 18383 F
- Vwap of the session was at 18380 with volumes of 95.1 L and range of 120 points as it made a High-Low of 18440-18320
- 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 18357-18383-18411
HVNs – 17745 / 18133 / 18193**
(** indicates series POC)
Business Areas for 14th Nov 2022:
Up
18424 – Spike Low (11 Nov)
18458 – Monthly 1.5 IB target
18509 – Weekly 2 IB objective
18548 – 2 ATR from weekly FA (17533)
18603 – 3 IB weekly target
18665 – Weekly Range objective
Down
18414 – Weekly IBH
18355 – Buying tail (11 Nov)
18320 – Weekly IBL
18274 – VPOC from 09 Nov
18223 – Singles mid-point (11 Nov)
18179 – Weekly VWAP
(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: 42293 [ 42438 / 42053 ]
BNF opened the day with a massive 619 point gap up hitting a new ATH (All Time High) but also made an OH (Open=High) start at 42350 triggering a profit booking probe lower which ended with a typical C side extension to 42053 which got rejected back into the IB and was followed by a G period RE to the upside confirming a FA at lows.
However, the auction could not extend any further stalling just below the 1 ATR mark of 42474 and got back into the IB giving a perfect Neutral Centre close around the dPOC of 42296 which will be the opening reference for the next session with the PLR to the upside as Value formed was completely higher.
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 Neutral Centre Day (NeuC)
- Largest volume was traded at 42296 F
- Vwap of the session was at 42262 with volumes of 43 L and range of 385 points as it made a High-Low of 42438-42053
- BNF confirmed a FA at 42053 on 11/11 and 1 ATR objective comes to 42474
- 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 42188-42296-42360
HVNs – 41460
(** indicates series POC)
Business Areas for 14th Nov 2022:
Up
42296 – dPOC from 11 Nov
42427 – Selling tail (11 Nov)
42533 – Weekly 3 IB objective
42635 – Monthly 2 IB
42761 – 2 ATR from 41841
42875 – Weekly ATR from 41452
Down
42232 – PBL from 11 Nov
42120 – LVN from 11 Nov
42053 – FA from 11 Nov
41936 – VPOC from 09 Nov
41825 – Monthly IBH
41731 – VPOC from 10 Nov
(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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