Nifty Oct F: 17010 [ 17086 / 16927 ]
NF once again failed to give a follow up after a NeuX Day as it not only opened lower but made an almost OH (Open=High) at 17086 forming an OTF (One Time Frame) lower till the F period where it negated previous day’s FA of 16951 while hitting 16927 but once again left similar lows of 16928 in the G TPO indicating exhaustion to the downside.
The auction then first gave a retracement back to 17064 & got rejected from the A period selling tail triggering a quick fall back to 16979 before closing the day around the dPOC of 17027 forming a well balanced ‘b’ shape profile with overlapping to lower Value.
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 (NV)
- Largest volume was traded at 17027 F
- Vwap of the session was at 17002 with volumes of 104.9 L and range of 159 points as it made a High-Low of 17086-16927
- 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 16957-17027-17038
HVNs – 16980 / 17100** / 17280
(** indicates series POC)
Business Areas for 14th Oct 2022:
Up
17027 – dPOC from 13 Oct
17065 – Selling Singles (13 Oct)
17112 – VPOC from 12 Oct
17170 – Weekly VAH
17233 – dPOC from 10 Oct
17284 – 07 Oct TPO POC
Down
16980 – HVN from 13 Oct
16944 – PBL from 13 OCt
16890 – HVN from 03 Oct
16829 – B TPO POC (30 Sep)
16764 – Monthly IBL
16711 – Singles mid-point
(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: 38738 [ 39166 / 38520 ]
BNF opened with a gap down of 213 points rejecting previous day’s spike close and made an attempt to probe higher but could only manage 39166 after which sellers took complete control by first leaving an extension handle at 39001 and then trending lower till the F period where it made a low of 38520 completing the 1 ATR objective from the FA of 39271.
However, the OTF (One Time Frame) probe stopped with the G TPO making a higher high which also marked the end of the downside & triggered a big short covering once the auction got above the day’s VWAP as it got back to make a high of 38996 in the L period stalling just below the morning extension handle where the supply returned to push it down to 38667 quickly before closing the day at 38732 leaving a ‘b’ shape profile with overlapping to lower Value.
The balance in BNF has now extended for another day so we have a nice 5-day composite with Value at 38826-39030-39246 and has a good chance of starting a fresh imbalance in the coming session(s) provided it gets some initiative volumes at open with the daily VPOCs of either 38385 (03rd Oct) or 39555 (06th Oct) as the first probable target on downside or upside respectively.
Click here to view the latest profile in BNF on MPLite
Click here to view the 5-day composite in BNF on MPLite
- The BNF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 38792 F
- Vwap of the session was at 38798 with volumes of 55.4 L and range of 646 points as it made a High-Low of 39166-38520
- BNF confirmed a FA at 39271 on 11/10 and tagged the 1 ATR target objective of 38523 on 13/10. The 2 ATR target on the downside comes to 37774
- 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 38586-38792-38887
HVNs – 38372 / 39050** / 39176
(** indicates series POC)
Business Areas for 14th Oct 2022:
Up
38792 – dPOC from 13 Oct
39001 – Extension Handle
39120 – Selling Singles
39246 – 5-day composite VAH
39420 – Selling singles (10 Oct)
39555 – VPOC from 06 Oct
Down
38667 – PBL from 13 Oct
38520 – PDL
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 )
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