Nifty Nov F: 18141 [ 18230 / 18082 ]
NF opened with a freak tick of 18410 to over compensate the freak low of previous session but could not sustain above the selling tail of 28th Oct as it remained below 18230 in the IB (Initial Balance) and and made a good C side extension and followed it up with 3 more REs (Range Extension) not only getting back into the NeuX zone of 18129 to 18160 but went on to test the immediate extension handle of 18097 while making a low of 18082 which marked the end of the downside for the day as the auction left a small responsive tail and gave a retracement to 18170 in the K period where it left a PBH (Pull Back High) before closing the day right at the dPOC of 18141. Value for the day was higher but NF displayed poor trade facilitation giving the lowest daily volumes of the series so far & has formed a long liquidation profile after reacting from previous supply zone so remains weak below 18184 for a probe lower towards the NeuX VWAP of 18043 & the 12th Nov VPOC of 17973 in the coming session(s).
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 – Down (NV)
- Largest volume was traded at 18142 F
- Vwap of the session was at 18156 with volumes of 54.3 L and range of 148 points as it made a High-Low of 18230-18082
- The settlement day Roll Over point (November) is 17901
- The VWAP & POC of Oct Series is 18036 & 18155 respectively.
- The VWAP & POC of Sep Series is 17519 & 17365 respectively.
- The VWAP & POC of Aug Series is 16455 & 16255 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 18102-18142-18184
HVNs – 17820 / 17911 / 18354
Business Areas for 16th Nov:
Up
18184 – VAH from 15th Nov
18234 – Selling tail top from 28th Oct
18283 – Extension Handle from 27th Oct
18304 – 1.5 Weekly IB objective
18355 – VPOC from 27th Oct
18389 – Daily Swing High from 26th Oct
18417 – Monthly 2 IB Target
Down
18135 – Weekly VAH
18090 – Buying singles from 15th Nov
18043 – NeuX VWAP from 12th Nov
18018 – Primary Extension Handle from 12th Nov
17973 – dPOC from 12th Nov
17931 – Buying Singles from 12th Nov
17881 – VWAP from 11th 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: 38858 [ 39180 / 38712 ]
BNF also opened higher & stayed above PDH (Previous Day High) of 38950 as it continued to probe higher in the A period tagging the 10th Nov VPOC of 39135 while making a high of 39180 but left a small tail at top in the IB. The auction could not sustain above 39135 and started a probe to the downside starting with a C side extension as it got back into the 2-day composite Value activating the 80% Rule and made multiple REs till the H TPO almost tagging the VAL but took support at the weekly POC of 38720 before giving a weak pull back to 38904 and formed an overlapping 2-day POC at 38850 where it closed. BNF now has a smoother 3-day composite with Value at 38671-38848-38931 and is still on the lookout for initiative volumes at open for a fresh imbalance to begin.
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 Normal Variation Day – Down (NV)
- Largest volume was traded at 38853 F
- Vwap of the session was at 38927 with volumes of 24.8 L and range of 468 points as it made a High-Low of 39180-38712
- The settlement day Roll Over point (November) is 39650
- The VWAP & POC of Oct Series is 39368 & 41157 respectively.
- The VWAP & POC of Sep Series is 37210 & 36633 respectively.
- The VWAP & POC of Aug Series is 35715 & 35616 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 38731-38853-38992
HVNs – 39531 / 39757 / 40080 / 40750
Business Areas for 16th Nov:
Up
38931 – 3-day composite VAH
39027 – C period high from 15th Nov
39160 – Selling singles from 15th Nov
39254 – PWL (Previous Week Low)
39441 – Mid-point of Gap Down of 10th Nov
39555 – 2-day composite VPOC (8th & 9th Nov)
39651 – 2-day composite VAH
39818 – Trend Day VWAP from 03rd Nov
Down
38848 – 3-day composite POC
38671 – 3-day composite VAL
38520 – Buying singles of 2-day composite
38443 – PWL (Previous Week Low)
38300 – Extension Handle from 11th Oct
38128 – Mid-point of buying tail from 11th Oct
37983 – VPOC from 08th Oct
37896 – FA from 07th 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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