Nifty Dec F: 18703 [ 18718 / 18575 ]
NF opened higher but stalled just below the lower extension handle of 18654 from 09th Dec’s elongated Trend Day profile triggering a probe lower in the A period as it got back into previous Value and broke below the yPOC of 18606 and went on to test the HVN of 18580 while making a low of 18575 stopping just above yVWAP of 18568 indicating that the buyers were back.
The auction then contracted till the C TPO before making an initiative move above the day’s VWAP in the D period which in turn led to an extension handle at 18649 and a fresh probe higher as it tagged 18714 in the H TPO before giving a retracement back to 18657 leaving a PBL at the day’s VWAP and hitting new highs of 18718 into the close tested the higher extension handle and leaving a DD (Double Distribution) Trend Day Up with the dPOC shifting to 18682.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction (OA)
- The Day type was a Double Distribution Trend Day – Up (DD)
- Largest volume was traded at 18682 F
- Vwap of the session was at 18665 with volumes of 62.4 L and range of 143 points as it made a High-Low of 18718-18575
- 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 18641-18682-18714
HVNs – 18645 / 18722** / 18772
(** indicates series POC)
Business Areas for 14th Dec 2022:
Up
18714 – Tail from 13 Dec
18747 – Selling Tail
18777 – Weekly IBH
18809 – 2-day comp VPOC
18856 – Selling Tail (02 Dec)
18902 – IB singles mid
Down
18700 – Closing HVN (13 Dec)
18657 – PBL from 13 Dec
18620 – Lower HVN (13 Dec)
18589 – Buying tail (13 Dec)
18535 – Buying Tail (12 Dec)
18495 – IB singles mid (12 Dec)
(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: 44071 [ 44092 / 43900 ]
BNF opened higher signalling a fresh move away from the yPOC of 43872 on the upside and left a small buying tail from 43970 to 43900 as it formed a narrow 129 point range IB after it went on to make couple of small REs higher almost tagging the Monthly 2 IB objective of 44082 in the E period.
The auction then stopped the slow OTF probe to the upside and began to form a balance giving a retracement down to 43987 in the J TPO as it took support just above 09th Dec Swing High of 43986 giving a signal that the PLR (Path of Least Resistance) remained to the upside and more confirmation of this came in form BNF hitting new highs of 44092 into the close leaving yet another ‘p’ shape profile.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction (OA)
- The Day type was a Normal Variation Day – Up (‘p’ shape profile)
- Largest volume was traded at 44062 F
- Vwap of the session was at 44028 with volumes of 18.9 L and range of 192 points as it made a High-Low of 44092-43900
- 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 43998-44062-44075
HVNs – 42955 / 43303**
(** indicates series POC)
Business Areas for 14th Dec 2022:
Up
44081 – Selling tail (13 Dec)
44199 – 2 ATR from 43547
44333 – Weekly 2 IB
44413 – 1 ATR from yPOC
44568 – 2 ATR from 43872
43680 – Weekly 3 IB
Down
44062 – dPOC from 13 Dec
43970 – Buying Tail
43872 – VPOC from 12 Dec
43755 – Buying Tail
43658 – IB Singles Mid
43566 – Monthly IBL
(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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