Nifty Dec F: 17261 [ 17379 / 17217 ]
NF opened the day with a move away from the yPOC of 17357 with an initiative selling tail in the IB (Initial Balance) where it went on probe below PDL (Previous Day Low) and like the last 2 sessions made a C side extension lower as it tagged the 07th Dec VPOC of 17219 while making a low of 17217 stalling right there and remained in the IB range for the rest of the day giving 2 higher PBHs (Pull Back High) at 17330 & 17354 but could not find fresh demand to scale above the yPOC which led to a close at 17261 & a Normal Day and a ‘b’ shape profile for the day with mostly lower Value and at the same time the 2-day composite is giving a nice balance with Value at 17271-17304-17372 which will be the reference on the upside for the coming session.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Day (‘b’ shape profile)
- Largest volume was traded at 17268 F
- Vwap of the session was at 17283 with volumes of 80.2 L and range of 163 points as it made a High-Low of 17379-17217
- 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 17243-17268-17308
HVNs – 17198 / 17533
Business Areas for 16th Dec:
Up
17268 – dPOC from 15th Dec
17308 – VAH from 15th Dec
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
Down
17228 – Buying singles from 15th 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
17030 – Singles mid-point
16954 – VPOC from 06th 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: 36949 [ 37218 / 36907 ]
BNF formed one of the narrowest daily range of just 312 points as it formed a nice Gaussian Curve between the important references of 37220 which was the PBH (Pull Back High) from 13th Dec and the PBL of 36907 from 14th Dec and even confirmed a FA (Failed Auction) at 37218 as it closed around the lows. Value was overlapping with a prominent POC at 37061 from where we can expect an initiative move away in the coming session(s) with a good range expansion.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Day (Gaussian Curve)
- Largest volume was traded at 37061 F
- Vwap of the session was at 37043 with volumes of 25.5 L and range of 312 points as it made a High-Low of 37218-36905
- BNF confirmed a FA at 37218 on 15/12 and the 1 ATR objective comes to 36533.
- 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 36976-37061-37141
HVNs – 36246 / 36425 / 37750
Business Areas for 16th Dec:
Up
36976 – VAL from 15th Dec
37061 – dPOC from 15th Dec
37218 – FA (Failed Auction) from 15th 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
36907 – PBL (Pull Back Low) from 14th Dec
36784 – HVN from 14th Dec
36578 – Extension Handle from 07th Dec
36404 – Buying Singles from 07th Dec
36252 – Singles Mid-point
36044 – Monthly IBL
35885 – VPOC from 06th 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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