Nifty Dec F: 17355 [ 17424 / 17265 ]
NF continued previous day’s imbalance with a gap down open at 17340 after which it made a freak low of 17230 in the opening minute and remained above 17295 in the IB (Initial Balance) but made similar highs of 17385 & 17388 indicating exhaustion on the upside which led to lower lows in the C & D periods as the auction made a low of 17265 and left a small responsive buying tail marking the end of the downside for the day. The ‘F’ period then saw NF scale above VWAP which led to more short covering multiple REs (Range Extension) to the upside but could only manage to tag 17424 leaving a small tail at top before closing the day right at the dPOC of 17357 leaving an ideal Neutral Centre profile with completely lower Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Neutral Centre Day (NeuC)
- Largest volume was traded at 17357 F
- Vwap of the session was at 17340 with volumes of 91.2 L and range of 159 points as it made a High-Low of 17424-17265
- The settlement day Roll Over point (December) is 17600
- The VWAP & POC of Nov Series is 17635 & 17961 respectively.
- The VWAP & POC of Oct Series is 18036 & 18155 respectively.
- The VWAP & POC of Sep Series is 17519 & 17365 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 17303-17357-17378
HVNs – 17198 / 17533
Business Areas for 15th Dec:
Up
17357 – dPOC from 14th Dec
17410 – Selling singles from 14th Dec
17461 – VPOC from 13th Dec
17533 – DD VWAP from 13th Dec
17580 – Extension Handle from 13th Dec
17635 – November series VWAP
Down
17339 – VWAP from 14th Dec
17281 – Buying singles from 14th Dec
17219 – VPOC from 07th Dec
17182 – PBL from 07th Dec
17143 – Extension Handle from 07th Dec
17105 – Buying Singles from 07th Dec
17060 – Singles mid-point from 07th 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: 37042 [ 37200 / 36649 ]
BNF also opened with a gap down negating the FA (Failed Auction) of 36927 and continued to probe lower in the IB (Initial Balance) and even tagged the VPOC of 36720 from 07th Dec in a C side extension where it made a low of 36649 stalling just above the VWAP of that day marking the end of the fall after which the auction started to probe higher making a big RE (Range Extension) in the F period and even completed the 2 IB objective of 37186 in the ‘I’ period where it made a high of 37200 getting rejected from the entry into previous Value triggering a retracement back to the day’s VWAP as BNF left a PBL at 36907 before closing right at the dPOC of 37044 leaving a Neutral Centre Day with completely lower Value.
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 Neutral Centre Day (NeuC)
- Largest volume was traded at 37044 F
- Vwap of the session was at 36921 with volumes of 37 L and range of 551 points as it made a High-Low of 37200-36649
- BNF confirmed a FA at 36927 on 10/12 and tagged the 1 ATR objective of 37694 on 13/12. This FA was re-visited on 14/12 and is no longer a valid reference.
- The settlement day Roll Over point (December) is 37555
- The VWAP & POC of Nov Series is 38047 & 39404 respectively.
- The VWAP & POC of Oct Series is 39368 & 41157 respectively.
- The VWAP & POC of Sep Series is 37210 & 36633 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 36791-37044-37107
HVNs – 36246 / 36425 / 37750
Business Areas for 15th Dec:
Up
37070 – PBH (Pull Back High) from 14th Dec
37220 – PBH from 13th Dec
37385 – Extension Handle from 13th Sep
37555 – RO point plus SOC (Scene Of Crime)
37745 – NeuX VWAP from 24th Nov
37965 – VPOC from 24th Nov
Down
37037 – Weekly IBL
36907 – PBL (Pull Back Low) from 14th Dec
36791 – VAL from 14th Dec
36578 – Extension Handle from 07th Dec
36404 – Buying Singles from 07th Dec
36252 – Singles Mid-point
36100 – Buying tail low from 07th Dec
(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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