Nifty Nov F: 17897 [ 17985 / 17807 ]
NF not only opened lower but gave a Drive Down as it moved away from the yPOC of 17960 with the help of an initiative selling tail from 17945 to 18023 after which it left an extension handle at 17910 in the B period and continued the probe to the downside in the C period where it tagged the 3rd Nov VPOC of 17845 and stalled right above the HVN of 17820 marking the end of the imbalance as the auction began to form a balance for the rest of the day leaving higher highs & marginal lower lows to complete a ‘b’ shape profile for the day. Value was completely lower for the second consecutive day so the extension handle of 17910 along with the selling singles of 17945 will be the levels to watch on the upside whereas NF sustaining below today’s POC of 17857 will remain weak for more downside in the coming session.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Drive – Down (OD)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 17857 F
- Vwap of the session was at 17881 with volumes of 83.4 L and range of 178 points as it made a High-Low of 17985-17807
- 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 17830-17857-17908
HVNs – 17820 / 17911 / 18354
Business Areas for 12th Nov:
Up
17910 – Extension Handle from 11th Nov
17945 – Selling singles from 11th Nov
17985 – PDH (Previous Day High)
18038 – Monthly IBL
18078 – Selling singles from 10th Nov
18115 – SOC (Scene Of Crime) from 09th Nov
Down
17881 – VWAP from 11th Nov
17857 – dPOC from 11th Nov
17813 – Buying singles from 11th Nov
17786 – Singles from 03rd Nov
17753 – Buying singles from 01st Nov
17680 – Buying tail from 29th Oct
(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: 38686 [ 39044 / 38443 ]
BNF opened lower once again with an OH (Open=High) start at 3904 to move away from the yPOC of 39135 and give a trending probe lower for most part of the day as it left a selling tail in the IB from 38932 to 39044 and went on to make multiple REs (Range Extension) lower starting with the C period but also left couple of PBHs (Pull Back High) at 38863 & 38775 and succeeded in negating the entire buying singles from 29th Oct and even tagged the weekly VPOC of 38460 in the K period where it made a low of 38443. Having achieved this major objective led to a profit booking bounce as the auction left a responsive buying tail from 38520 to 38443 and went right at the dPOC of 38698 leaving a 3-1-3 profile for the day with completely lower Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Drive – Down (OD)
- The Day type was a Normal Variation Day – Down (3-1-3 profile)
- Largest volume was traded at 38698 F
- Vwap of the session was at 38726 with volumes of 33.7 L and range of 601 points as it made a High-Low of 39044-38443
- 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 38569-38698-38830
HVNs – 39531 / 39757 / 40080 / 40750
Business Areas for 12th Nov:
Up
38698 – dPOC from 11th Nov
38775 – PBH from 11th Nov
38932 – Selling Singles from 11th Nov
39026 – Mid-point of selling tail
39135 – VPOC from 10th Nov
39254 – PWL (Previous Week Low)
39441 – Mid-point of Gap Down of 10th Nov
Down
38650 – HVN from 11th Nov
38520 – Responsive buying tail from 11th Nov
38443 – PDL (Previous Day Low)
38300 – Extension Handle from 11th Oct
38128 – Mid-point of buying tail from 11th Oct
37983 – VPOC from 08th Oct
37896 – FA from 07th 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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