Nifty Oct F: 16978 [ 17239 / 16951 ]
NF made an OAIR start on pretty low volumes but left an initiative selling tail from 17179 to 17239 in the IB indicating rejection from yPOC but made the dreaded C side extension lower to the HVN of 17100 where it took support triggering a bounce back above the day’s VWAP in the E & F periods resulting in a PBH at 17198.
The defence of the A period selling tail meant that the morning sellers were back and they managed to make a fresh RE lower to 17083 in the G TPO but began to coil thereafter in a very narrow range of 40 points before it left an important PBH at 17127 in the K period and this fresh rejection from above the IBL invited fresh sellers who not only left an extension handle at 17082 but followed it with a spike down from 17054 as NF went on to tag the composite VPOC of 17004 and then the 3rd Oct VPOC of 16953.
Spike Rules will be in play for the next open & the reference zone for the same is 17054 to 16951.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Down (with a Spike close)
- Largest volume was traded at 17112 F
- Vwap of the session was at 17096 with volumes of 105.9 L and range of 288 points as it made a High-Low of 17239-16951
- 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 17069-17112-17203
HVNs – 16980 / 17100** / 17280
(** indicates series POC)
Business Areas for 12th Oct 2022:
Up
16982 – Spike singles (11 Oct)
17040 – LVN from 11 Oct
17096 – VWAP from 11 Oct
17136 – HVN from 11 Oct
17198 – Selling Singles
17233 – dPOC from 10 Oct
Down
16956 – Closing HVN (11 Oct)
16890 – HVN from 03 Oct
16829 – B TPO POC (30 Sep)
16764 – Monthly IBL
16711 – Singles mid-point
16660 – VPOC from 27 Jul
(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: 38810 [ 39271 / 38733 ]
BNF also made an OAIR start with a rejection from yPOC in form of an A period selling tail as it went on to test previous day’s PBL of 38930 while making a low of 38896 in the IB where it left a buying tail till 38966 signalling the return of demand.
The auction then made a RE to the upside in the F period hitting new highs of 39271 but could not sustain above the IBH and got back into the IB forming a balance for most part of the day as it took support at 38966 multiple times in the E, I & K TPOs but left a late PBH at 39143 triggering a spike lower into the close from 38896 to 38810 confirming a FA at top & a Neutral Extreme Day Down with both range & value being completely inside previous session.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction In Range (OAIR)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 39038 F
- Vwap of the session was at 39024 with volumes of 44.2 L and range of 538 points as it made a High-Low of 39271-38733
- BNF confirmed a FA at 39271 on 11/10 and the 1 ATR target comes to 38523.
- 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 38920-39038-39131
HVNs – 38372 / 39176**
(** indicates series POC)
Business Areas for 12th Oct 2022:
Up
38808 – 11 Oct NeuX selling singles
38896 – 11 OCt NeuX Ext Handle
39024 – 11 Oct NeuX VWAP
39143 – 11 Oct PBH
39271 – FA from 11 Oct
39420 – Selling singles (10 Oct)
38555 – VPOC from 06 Oct
Down
38780 – 11 Oct Buying singles
38600 – Gap singles mid-point
38468 – Gap Mid-point
38385 – VPOC from 03 Oct
38255 – Extension Handle (03 Oct)
38155 – M TPO VWAP / POC
38032 – Extension Handle (30 Sep)
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive
