Nifty Oct F: 18173 [ 18208 / 18042 ]
NF opened higher and just above the 1 ATR target from yesterday’s FA of 17862 giving a rare follow through to a Neutral Extreme profile and continued to trend higher as it left an early extension handle at 18096 in the B period and formed higher highs till the ‘J’ TPO where it completed the 2 IB objective of 18208 to the dot which invited some profit booking coming into the closing 3 TPOs as the auction got the dPOC higher to 18170 and closed around it. Today’s VWAP of 18145 & PBL (Pull Back Low) of 18107 will be the important references on the downside whereas staying above 18170, NF can go on to the pending weekly objective of 18259 in the coming session.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out Of Range + Drive Up (OAOR + D)
- The Day type was a Trend Day – Up (TD)
- Largest volume was traded at 18170 F
- Vwap of the session was at 18145 with volumes of 67.1 L and range of 166 points as it made a High-Low of 18208-18042
- NF confirmed a FA at 17862 on 12/10 and tagged the 1 ATR objective of 18041 on 13/10. The 2 ATR target comes to 18219.
- 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 18119-18170-18206
HVNs – 17700 / 17751 / 17817
Business Areas for 14th Oct:
Up
18200 – Selling singles from 13th Oct
18219 – 2 ATR from FA of 17862
18259 – Weekly 2 IB Objective
18295 – Monthly 2 IB Target
18326 – Monthly ATR Target
Down
18170 – dPOC from 13th Oct
18145 – Trend DAy VWAP from 13th Oct
18107 – PBL (Pull Back Low) from 13th OCt
18076 – Buying Singles from 13th Oct
18024 – HVN from 11th 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: 38718 [ 38837 / 38555 ]
BNF also opened higher continuing previous day’s imbalance as it made new ATH of 38837 in the A period but settled down into an OAOR (Open Auction Out of Range) as it left a very narrow range of just 157 points in the IB (Initial Balance) and began to coil even further till the E period before it made a swipe lower in the F TPO where it closed the gap singles but got swiftly rejected from the HVN of 38580 leaving a responsive buying tail from 38555 to 38680 and resumed the grind for the rest of the day at it left a PBH at 38809 in the I period before closing right at the prominent POC of 38724 which will be the reference for the next open with a very good chance of initiative volumes turning this balance to an imbalance.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Day
- Largest volume was traded at 38724 F
- Vwap of the session was at 38734 with volumes of 25.7 L and range of 282 points as it made a High-Low of 38837-38555
- 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 and tagged the 1 ATR target of 38799 to the upside on 13/10.
- 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 38705-38724-38783
HVNs – 37622 / 37730 / 37874
Business Areas for 14th Oct:
Up
38724 – dPOC from 13th Oct
38809 – PBH (Pull Back High) from 13th Oct
38879 – Weekly 1.5 IB objective
39029 – Weekly ATR
39175 – Previous Monthly Range
39350 – Monthly 2 IB target
Down
38679 – Buying Singles from 13th Oct
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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