Nifty Oct F: 17114 [ 17134 / 16951 ]
NF made an OAIR in previous day’s spike zone and formed the Initial Balance (IB) between 16966 & 17063 after which it made an attempt to extend the IB lower in the D period as it tagged the closing HVN of 16956 but could only match PDL of 16951 and got rejected back indicating lack of fresh supply.
The auction then went on to make a RE to the upside in the F TPO confirming a FA at lows but got stalled right at yesterday’s VWAP of 17096 in G from where it gave a retracement back to 17012 in the I period leaving a PBL there getting ready for the final move of the day as it made new highs of 17134 leaving a Neutral Extreme Day Up but saw the dPOC shifting higher to 17112 into the close.
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 Neutral Extreme Day -Up (NeuX)
- 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 17018-17112-17120
HVNs – 16980 / 17100** / 17280
(** indicates series POC)
Business Areas for 13th Oct 2022:
Up
17136 – HVN from 11 Oct
17198 – Selling Singles
17233 – dPOC from 10 Oct
17280 – Weekly POC
17329 – VPOC from 07 Oct
17371 – VWAP from 06 Oct
Down
17112 – dPOC from 12 Oct
17048 – NeuX VWAP (12 Oct)
17012 – PBL from 12 Oct
16966 – Buying singles (12 Oct)
16890 – HVN from 03 Oct
16829 – B TPO POC (30 Sep)
(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: 39214 [ 39270 / 38717 ]
The auction did not get any fresh demand at 39038 triggering a retracement down to 38768 in the D period where it left a PBL as the A period buying singles were defended leading to the first RE higher in the G period & new highs of 39080 but got rejected giving a trip down to the day’s VWAP leaving a higher PBL at 38875 setting up the base for a good move.
BNF then not only made a new RE in the J period but followed it up with an OTF (One Time Frame) probe higher into the close as it almost re-visited the FA of 39271 while making a high of 39270 leaving a nice 4-day balance with the Value at 38916-39024-39222 from where it could move away in the coming session(s).
Click here to view the latest profile in BNF on MPLite
Click here to view the 4-day composite in BNF on MPLite
- The BNF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up (Almost Outside Bar))
- Largest volume was traded at 38964 F
- Vwap of the session was at 39000 with volumes of 39.5 L and range of 553 points as it made a High-Low of 39270-38717
- BNF confirmed a FA at 39271 on 11/10 and the 1 ATR target comes to 38523. This FA was just missed being tagged on 12/10 and therefore is still 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 38780-38964-39095
HVNs – 38372 / 39176**
(** indicates series POC)
Business Areas for 13th Oct 2022:
Up
39271 – FA from 11 Oct
39420 – Selling singles (10 Oct)
39555 – VPOC from 06 Oct
39681 – HVN from 06th Oct
39857 – VPOC from 23 Sep
40014 – VWAP from 23 Sep
Down
39213 – Closing HVN (12 Oct)
39051 – LVN from 12 Oct
38875 – PBL from 12 Oct
38768 – Buying Singles (12 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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