Nifty Oct F: 18002 [ 18015 / 17862 ]
NF opened with a gap down right in the middle of previous day’s buying singles and gave a swift bounce to the yPOC of 17973 in the opening minutes where it got rejected triggering a fresh probe lower as the auction got accepted in the singles zone forming a balance and made several attempts to extend the IB (Initial Balance) to the downside but got rejected each time and the lowest low it could tag was 17862 in the F period which was the base of the singles from 11th Oct and defence of this meant this week’s buyers were still holding. The auction then went on to move away from this balance to the upside from the J period onwards confirming a FA (Failed Auction) at lows forming higher highs into the close tagging 18015 leaving a Neutral Extreme (NeuX) Up Day with a HVN forming at 18009 indicating profit booking by the longs. The NeuX zone from 17995 to 18015 will be the immediate reference for the next open whereas on the downside, today’s SOC (Scene Of Crime) coinciding with VWAP of 17938 will be the important level to hold for the weekly probe to continue higher towards 18159 & 18250.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 17916 F
- Vwap of the session was at 17938 with volumes of 63.2 L and range of 152 points as it made a High-Low of 18015-17862
- NF confirmed a FA at 17862 on 12/10 and the 1 ATR objective comes to 18041.
- The settlement day Roll Over point (October) is 17611
- The VWAP & POC of Sep Series is 17519 & 17365 respectively.
- The VWAP & POC of Aug Series is 16455 & 16255 respectively.
- The VWAP & POC of Jul Series is 15778 & 15820 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 17882-17916-17971
HVNs – 17700 / 17751 / 17817
Business Areas for 13th Oct:
Up
18025 – HVN from 11th Oct
18079 – Monthly 1.5 IB Objective
18112 – 1 ATR from 17930
18159 – Weekly 1.5 IB Target
18197 – 1 ATR move from 18025
Down
17995 – NeuX zone low
17938 – NeuX VWAP from 12th Oct
17891 – HVN from 12th Oct
17862 – FA (Failed Auction) from 12th Oct
17816 – VPOC from 3-day composite (5th to 7th Oct)
(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: 38588 [ 38668 / 38180 ]
BNF also opened lower and took support exactly at previous day’s extension handle of 38181 as it made a low of 38180 and remained in the A period range of 38180 to 38476 for most part of the day forming a nice balance inside previous Value and building volumes at 38400. The auction turned into an imbalance with the help of an extension handle at 38476 in the ‘J’ period after which it trended higher to 38666 in the ‘K’ TPO and made marignal new highs of 38668 in the L signalling exhaustion which led to a small profit booking retracement to 38562 into the close as BNF formed a HVN at 38580. Today’s Value was almost same as previous session hence we have a nice 2-day compposite at 38239-38399-38519 which will be the reference for the remaining part of this week which looks good to continue higher for probable targets of 38879 & 39029.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 38407 F
- Vwap of the session was at 38432 with volumes of 33.4 L and range of 488 points as it made a High-Low of 38668-38180
- BNF confirmed a FA at 38190 on 06/10 and tagged the 1 ATR objective of 37581 on the same day. This FA got re-visited in ‘T+2’ Day on 08/10 and got rejected once again closing well below it. BNF finally managed to close above this FA on 11/10.
- The settlement day Roll Over point (October) is 37596
- The VWAP & POC of Sep Series is 37210 & 36633 respectively.
- The VWAP & POC of Aug Series is 35715 & 35616 respectively.
- The VWAP & POC of Jul Series is 35105 & 34804 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 38228-38407-38523
HVNs – 37622 / 37730 / 37874
Business Areas for 13th Oct:
Up
38610 – M TPO high from 12th Oct
38750 – Monthly 1.5 IB objective
38879 – Weekly 1.5 IB objective
39029 – Weekly ATR
39175 – Previous Monthly Range
Down
38580 – HVN from 12th Oct
38432 – VWAP from 12th Oct
38239 – 2-day composite VAL
38111 – Extension Handle from 11th Oct
38000 – Weekly Open
(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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