Nifty Oct F: 17195 [ 17367 / 17175 ]
NF opened with a huge gap up of 289 points and went on to tag the 07th Oct VPOC of 17329 as it made a high of 17331 but settled down into an OAOR forming a very narrow 61 point range IB after which it made a typical C side extension lower to 17262 which was swiftly rejected resulting a big RE to the upside in the F period as the auction completed the 1.5 IB objective of 17362 while recording new highs of 17367 but stalled just below the 06th Oct long liquidation profile’s VWAP of 17371 indicating strong selling coming back.
The G TPO forming a similar high of 17365 gave more confirmation about the upside being limited and the break of day’s VWAP in the H period triggered a trending move lower into the close as it left another set of same highs at 17310 in the I & J TPOs along with an extension handle at 17262 and completed the 2 IB target of 17211 with ease as it fell further down to 17175 in the L period leaving a Neutral Extreme Day Down.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range (OAIR)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 17289 F
- Vwap of the session was at 17281 with volumes of 128.8 L and range of 192 points as it made a High-Low of 17367-17175
- 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 17241-17289-17348
HVNs – 16980 / 17100 / 17280**
(** indicates series POC)
Business Areas for 17th Oct 2022:
Up
17226 – Weekly IBL
17262 – Extension Handle
17310 – PBH from 14 Oct
17367 – Weekly IBH
17428 – Selling Singles (06 Oct)
17480 – SOC from 23 Sep
Down
17183 – Singles from 14 Oct
17155 – Gap Mid-point
17096 – Singles mid-point
17027 – VPOC from 13 Oct
16980 – HVN from 13 Oct
16944 – PBL from 13 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: 39395 [ 39677 / 39320 ]
BNF gave the move away from the 5-day composite it was forming with a massive gap up of 761 points after which it went on to tag the 06th Oct VPOC of 39555 hitting the first objective as mentioned in previous report but stalled just below the HVN of 39681 as it made a high of 39652 in the A period and left an initiative selling tail till 39563 which in turn led to a big C side extension lower to 39320.
However, the auction confirmed a small responsive buying tail in the D period which triggered a probe higher till late afternoon into the morning singles & even made marginal new highs of 39677 in the J TPO but was swiftly rejected confirming that the supply was coming back strongly at the HVN of 39681 with BNF confirming a FA at highs & matching the morning lows by tagging 39323 leaving a Neutral Day and a well balanced Gaussian Curve with completely higher Value & a prominent POC at 39504.
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 Neutral Day (Gaussian Curve)
- Largest volume was traded at 39504 F
- Vwap of the session was at 39501 with volumes of 51.5 L and range of 357 points as it made a High-Low of 39677-39320
- BNF confirmed a FA at 39677 on 14/10 and the 1 ATR objective on the downside comes to 38929
- BNF confirmed a FA at 39271 on 11/10 and tagged the 1 ATR target objective of 38523 on 13/10. This FA got revisited in the gap up on 14/10 and has remained above it.
- 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 39447-39504-39637
HVNs – 38372 / 39050** / 39176
(** indicates series POC)
Business Areas for 17th Oct 2022:
Up
39420 – LVN from 14 Oct
39600 – HVN from 14 Oct
39750 – 6 Oct Swing High
39857 – VPOC from 23 Sep
40014 – VWAP from 23 Sep
40210 – Selling Singles
Down
39393 – Closing HVN (14 Oct)
39240 – 5-day composite VAH
39033 – 5-day composite VPOC
38929 – 1 ATR from 39677
38792 – VPOC from 13 Oct
38667 – PBL from 13 Oct
(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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