Nifty Nov F: 18462 [ 18488 / 18342 ]
NF made a higher open but could only manage to hit 18445 and got back into the 2-day composite Value triggering the 80% Rule on the downside and even tested the Friday’s buying singles of 18355 to 18092 as it made a low of 18342 in the B period but could not extend any further making similar lows in the following 3 TPOs indicating that the sellers were losing the plot.
The auction then formed a narrow range balance & a ‘b’ shape profile for most part of the day but saw buyers come back aggressively into the close causing a Spike higher from 18445 to 18488 leaving a SOC (Scene Of Crime) at yVWAP of 18408 which will be the important reference going forward as the imbalance continues over the next couple of sessions.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up (NV with a Spike Close)
- Largest volume was traded at 18482 F
- Vwap of the session was at 18406 with volumes of 54.6 L and range of 147 points as it made a High-Low of 18488-18342
- 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 18378-18482-18488
HVNs – 17745 / 18133 / 18193** / 18372
(** indicates series POC)
Business Areas for 16th Nov 2022:
Up
18462 – 1.5 Weekly IB
18509 – Weekly 2 IB objective
18548 – 2 ATR from weekly FA (17533)
18603 – 3 IB weekly target
18656 – 2 ATR from 18374
18708 – 2 ATR from HVN of 18426
Down
18445 – Spike Low (15 Nov)
18406 – VWAP from 15 Nov
18354 – HVN from 15 Nov
18320 – Weekly IBL
18274 – VPOC from 09 Nov
18223 – Singles mid-point (11 Nov)
(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: 42483 [ 42561 / 42226 ]
BNF also opened higher but stalled just below the 11th Nov PBH of 42375 while making a high of 42365 & formed a very narrow 125 point range IB and even made an attempt to probe lower in the G period but could only tag 42226 taking support above yVWAP of 42217 & settled down into forming a balance for most part of the day.
The auction repeated the last 2 session’s template of making an attempt to probe lower but leaving a FA but unlike the other 2 days, this time it deviated from the Neutral Centre set up to form a NeuX (Neutral Extreme) close as it left a SOC (Scene Of Crime) at 42365 & made a spike higher from 42423 to 42561 also validating the previous 2 FA’s of 42100 & 42053.
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 Extreme Day – Up (NeuX)
- Largest volume was traded at 42302 F
- Vwap of the session was at 42361 with volumes of 25.8 L and range of 335 points as it made a High-Low of 42561-42226
- BNF confirmed a FA at 42053 on 11/11 and tagged 1 ATR objective of 42474 on 15/11. The 2 ATR target comes to 42894
- BNF confirmed a FA at 42100 on 14/11 and tagged 1 ATR objective of 42527 on 15/11. The 2 ATR target comes to 42954
- BNF confirmed a FA at 42226 on 15/11 and 1 ATR objective comes to 42643.
- 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 42237-42302-42407
HVNs – 41452** / 42294
(** indicates series POC)
Business Areas for 16th Nov 2022:
Up
42487 – Spike Low (15 Nov)
42635 – Monthly 2 IB
42761 – 2 ATR from 41841
42875 – Weekly ATR from 41452
43024 – Weekly 1 ATR from 41617
43209 – Weekly 3 IB
Down
42460 – Mid-profile singles (15 Nov)
42365 – Extension Handle (15 Nov)
42203 – VPOC from 14 Nov
42053 – FA from 11 Nov
41936 – VPOC from 09 Nov
41825 – Monthly IBH
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive
