Nifty Oct F: 18355 [ 18366 / 18240 ]
NF continued the upside imbalance of previous day with a gap up open making a high of 18283 in the A period but settled down in to an OAOR (Open Auction Out of Range) forming a narrow 44 point IB (Initial Balance) which was followed by multiple REs to the upside as the auction made a slow probe to 18330 in the ‘J’ period and closed the day with a spike from 18335 to 18366 even shifting the dPOC higher to 18353 into the close.
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 Normal Variation Day – Up (NV with a spike close)
- Largest volume was traded at 18353 F
- Vwap of the session was at 18303 with volumes of 63.6 L and range of 126 points as it made a High-Low of 18366-18240
- NF confirmed a FA at 17862 on 12/10 and tagged the 2 ATR objective of 18219 on 14/10.
- 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 18276-18353-18365
HVNs – 17700 / 17751 / 17817
Business Areas for 18th Oct:
Up
18366 – Spike High from 14th Oct
18423 – Monthly ATR Target
18459 – Prev Week pending 3 IB Objective
18495 – 1 ATR from weekly VWAP of 18097
18524 – 1 ATR from POC of 18353
Down
18335 – Spike Low from 14th Oct
18303 – VWAP from 14th Oct
18267 – HVN from 14th OCt
18216 – Gap Mid-point from 14th Oct
18170 – VPOC from 13th 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: 39402 [ 39425 / 38768 ]
BNF opened with a move away from the prominent POC of 38724 with the help of an initiative tail from 38845 to 38718 but settled down into an OAOR with a narrow IB range of 194 points after which it began to coil staying in just a 120 point range till the ‘H’ period which included a failed attempt to probe into the morning singles with a PBL at 38842 in the ‘D’ TPO indicating that the PLR was to the upside. The character of the auction changed from balance to imbalance from the ‘I’ TPO onwards which started with an extension handle at 38962 and a 170 points buying singles from 39030 to 39207 in the K period and followed it up with another zone of singles from 39245 to 39290 spiking into the close to record new highs of 39425.
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 Double Distribution Trend Day – Up (DD)
- Largest volume was traded at 38884 F
- Vwap of the session was at 39064 with volumes of 34.8 L and range of 657 points as it made a High-Low of 39425-38768
- 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 2 ATR target of 39408 to the upside on 14/10.
- 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 38767-38884-39238
HVNs – 37622 / 37730 / 37874
Business Areas for 18th Oct:
Up
39408 – 2 ATR from negated FA of 38190
39620 – 1 ATR from 38555 (13th Oct low)
39746 – 1 ATR from negated weekly FA of 38523
39922 – 1 ATR from 14th Oct HVN of 39402
40080
Down
39402 – HVN from 14th Oct
39290 – Zone of singles from 14th Oct
39064 – VWAP from 14th Oct
38962 – Extension Handle from 14th Oct
38842 – Initiative buying tail from 14th Oct
38724 – VPOC from 13th 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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