Nifty Dec F: 18605 [ 18638 / 18456 ]
NF continued previous session’s imbalance to the downside with a lower open as it broke below the 24th Nov VPOC of 18513 probed into the initiative buying tail of that making a low of 18456 taking support just above the singles mid-point and confirmed yet another ORR (Open Rejection Reverse) but this time to the upside as it went on to form a relatively large IB range of 160 points getting into the mid-profile singles of Friday from 18604 to 18654.
The auction however could not nullify the supply coming at the Trend Day VWAP of 18633 as it could only manage marginal new highs of 18635 & 18638 in the C & D periods and settled down to leave a ‘p’ shape profile for the day with an A period buying tail from 18535 to 18456 and a close right at the dPOC of 18606 leaving an inside bar both in terms of range & value.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Rejection Reverse – Up (ORR)
- The Day type was a Normal Day (‘p’ shape profile)
- Largest volume was traded at 18606 F
- Vwap of the session was at 18568 with volumes of 70.8 L and range of 183 points as it made a High-Low of 18638-18456
- NF confirmed a FA at 18775 on 07/12 and tagged 2 ATR objective of 18490 on 12/12. This FA was tagged on 09/12 but once again attracted fresh supply hence is still a valid reference.
- The settlement day Roll Over point (Dec 2022) is 18650
- The VWAP & POC of Nov 2022 Series is 18295 & 18335 respectively.
- The VWAP & POC of Oct 2022 Series is 17350 & 17260 respectively.
- The VWAP & POC of Sep 2022 Series is 17500 & 17643 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 18552-18606-18628
HVNs – 18645 / 18722** / 18772
(** indicates series POC)
Business Areas for 13th Dec 2022:
Up
18606 – dPOC from 12 Dec
18654 – Extension Handle
18717 – Extension Handle
18747 – Selling Tail
18777 – Weekly IBH
18809 – 2-day comp VPOC
Down
18580 – LVN from 12 Dec
18535 – Buying Tail (12 Dec)
18495 – IB singles mid (12 Dec)
18451 – IB singles mid (24 Nov)
18411 – VPOC from 23 Nov
18375 – Closing singles (22 Nov)
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Dec F: 43876 [ 43935 / 43561 ]
BNF also opened lower and tested Friday’s responsive buying tail from 43604 to 43551 taking support at 43561 where it got some fresh demand coming in resulting in a quick probe higher in the IB as it got above the HVN of 43875 while making a high of 43918 but then made the dreaded C side extension to 43935 stalling just below previous session’s selling tail.
The auction then turned into a balance inside a narrow range even testing today’s A period buying tail in the I TPO where it left a PBL at 43755 and continued to build volumes around 43875 leaving a ‘p’ shape profile for the day with the range completely inside & slightly overlapping to higher value closing right at the dPOC and would need initiative volumes for a move away from here.
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 Normal Day – Inside Bar (‘p’ shape profile)
- Largest volume was traded at 43872 F
- Vwap of the session was at 43808 with volumes of 22.6 L and range of 375 points as it made a High-Low of 43935-43561
- The settlement day Roll Over point (Dec 2022) is 43331
- The VWAP & POC of Nov 2022 Series is 42150 & 42959 respectively.
- The VWAP & POC of Oct 2022 Series is 39750 & 38950 respectively.
- The VWAP & POC of Sep 2022 Series is 39910 & 40770 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 43793-43872-43903
HVNs – 42955 / 43303**
(** indicates series POC)
Business Areas for 13th Dec 2022:
Up
43893 – Current WVAH
43986 – 09 Dec Swing High
44082 – Monthly 2 IB
44199 – 2 ATR from 43547
44333 – Weekly 2 IB
44425 – Obj from 43547
Down
43872 – dPOC from 12 Dec
43755 – Buying Tail
43658 – IB Singles Mid
43566 – Monthly IBL
43448 – Buying Tail (08 Dec)
43327 – dPOC from 07 Dec
(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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