Nifty Nov F: 18379 [ 18455 / 18362 ]
NF made an attempt to probe above PDH at open but got rejected back from 18455 due to lack of demand and formed a very narrow IB range of just 55 points after which it made a C side extension to 18381 stopping just above Friday’s VWAP of 18380 trapping the laggard shorts which in turn gave a bounce back to 18444 in the I period.
However, once again the auction could not sustain above PDH triggering a fresh liquidation move into the close resulting in a mini-spike from 18381 to 18362 as NF left the narrowest daily range over the last 2 months of mere 92 points formed a nice 2-day Gaussian Curve with Value at 18374-18374-18419. (Click here to view the composite on MPLite)
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction (OA)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 18395 F
- Vwap of the session was at 18408 with volumes of 53.9 L and range of 92 points as it made a High-Low of 18455-18362
- The settlement day Roll Over point (Nov 2022) is 17800
- The VWAP & POC of Oct 2022 Series is 17350 & 17260 respectively.
- The VWAP & POC of Sep 2022 Series is 17500 & 17643 respectively.
- The VWAP & POC of Aug 2022 Series is 17530 & 17530 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 18378-18395-18431
HVNs – 17745 / 18133 / 18193** / 18372
(** indicates series POC)
Business Areas for 15th Nov 2022:
Up
18384 – 2-day TPO POC
18419 – 2-day composite VAH
18458 – Monthly 1.5 IB target
18509 – Weekly 2 IB objective
18548 – 2 ATR from weekly FA (17533)
18603 – 3 IB weekly target
Down
18374 – 2-day composite VAL
18320 – Weekly IBL
18274 – VPOC from 09 Nov
18223 – Singles mid-point (11 Nov)
18179 – Weekly VWAP
18131 – Weekly 3 IB target
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Nov F: 42206 [ 42371 / 42100 ]
BNF made an OAIR start & remained all day in Friday’s range with the C side extension lower to 42100 once again marking the low of the day like the previous session and went on to confirm a FA as it made a RE higher in the J TPO but got stalled at 42371 leaving back to back Neutral Centre profile and an inside day in terms of the range.
The auction seems to have filled up the lower part of 11th Nov’s profile building a Gaussian Curve with the current Value at 42161-42197-42305 and could continue this balance unless gets a strong open on initiative volumes to give a move away in the coming session(s). (Click here to view the composite on MPLite)
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction In Range (OAIR)
- The Day type was a Neutral Centre Day (NeuC)
- Largest volume was traded at 42203 F
- Vwap of the session was at 42217 with volumes of 26.6 L and range of 271 points as it made a High-Low of 42371-42100
- BNF confirmed a FA at 42053 on 11/11 and 1 ATR objective comes to 42474
- The settlement day Roll Over point (Nov 2022) is 41510
- The VWAP & POC of Oct 2022 Series is 39750 & 38950 respectively.
- The VWAP & POC of Sep 2022 Series is 39910 & 40770 respectively.
- The VWAP & POC of Aug 2022 Series is 38530 & 38320 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 42126-42203-42253
HVNs – 41460
(** indicates series POC)
Business Areas for 15th Nov 2022:
Up
42203 – dPOC from 14 Nov
42305 – 2-day comp VAH
42427 – Selling tail (11 Nov)
42533 – Weekly 3 IB objective
42635 – Monthly 2 IB
42761 – 2 ATR from 41841
Down
42161 – 2-day comp VAL
42053 – FA from 11 Nov
41936 – VPOC from 09 Nov
41825 – Monthly IBH
41731 – VPOC from 10 Nov
41617 – Weekly POC
(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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