Nifty Dec F: 18748 [ 18807 / 18720 ]
NF opened with a gap up negating the 09th Dec’s Trend Day’s selling tail from 18747 to 18777 and even went on to almost tag the 2-day composite VPOC (2nd & 5th Dec) of 18809 while making a high of 18807 in the A period but settled down into an OAOR (Open Auction Out of Range) forming a narrow 58 point range IB.
The auction failed to find fresh demand for the rest of the day and made a slow drift lower while making a late RE (Range Extension) to the downside as it made a low of 18720 almost closing today’s gap up leaving a Normal Variation Day Down with completely higher Value and a close below the IBL.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 18791 F
- Vwap of the session was at 18769 with volumes of 60.1 L and range of 87 points as it made a High-Low of 18807-18720
- 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. This FA got revisited on 14/12 on the ‘T+5’ Day and is no longer 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 18757-18791-18805
HVNs – 18645 / 18723** / 18772
(** indicates series POC)
Business Areas for 15th Dec 2022:
Up
18756 – HVN from 14 Dec
18799 – PBH from 14 Dec
18834 – 1 ATR from VPOC (18682)
18856 – Selling Tail (02 Dec)
18902 – IB singles mid
18945 – dPOC from 01 Dec
Down
18731 – Closing PBL (14 Dec)
18682 – VPOC from 13 Dec
18657 – PBL from 13 Dec
18620 – Lower HVN (13 Dec)
18589 – Buying tail (13 Dec)
18535 – Buying Tail (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: 44166 [ 44248 / 44125 ]
BNF also opened higher right at the 2 ATR objective of 44199 from 08th Dec’s VPOC of 43547 but settled down into an OAOR as it formed a narrow 108 points range in the IB and remained in the same almost all day except for couple of failed attempts in the E & G periods where it could only make marignal new highs of 44243 & 44248 respectively.
The failure to get fresh demand around the highs triggered a lower probe in the second half of the day but the auction could only manage to leave a PBL at 44130 before closing the day around the dPOC of 44175 leaving a nice Gaussian Curve with completely higher Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Day (Gaussian profile)
- Largest volume was traded at 44175 F
- Vwap of the session was at 44184 with volumes of 22 L and range of 123 points as it made a High-Low of 44248-44125
- 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 44157-44175-44220
HVNs – 42955 / 43303**
(** indicates series POC)
Business Areas for 15th Dec 2022:
Up
44175 – dPOC from 14 Dec
44243 – Selling tail
44333 – Weekly 2 IB
44413 – 1 ATR from yPOC
44568 – 2 ATR from 43872
43680 – Weekly 3 IB
Down
44130 – PBL from 14 Dec
44062 – VPOC from 13 Dec
43970 – Buying Tail
43872 – VPOC from 12 Dec
43755 – Buying Tail
43658 – IB Singles Mid
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive
