Nifty Dec F: 18328 [ 18488 / 18313 ]
NF continued the Trend Day imbalance with a lower open and took support at the 22nd Nov Closing singles of 18375 as it made a low of 18367 triggering a sharp bounce higher where it stalled near the lowermost extension handle of 18477 from yesterday while making a high of 18488 in the A period.
The auction then made couple of REs (Range Extension) in the C & D TPOs where it tagged the 22nd VPOC of 18332 and left a responsive buying tail resulting in another short covering bounce back to 18485 in the G period as once again the selling came back around 18477 and gave way to a trending move lower for the rest of the day closing around the marginal new lows of 18313 leaving poor highs & poor lows in today’s profile with completely lower Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Rejection Reverse – Up (ORR) which failed
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 18344 F
- Vwap of the session was at 18392 with volumes of 107.7 L and range of 176 points as it made a High-Low of 18488-18313
- The settlement day Roll Over point (Dec 2022) is 18650
- The VWAP & POC of Nov 2022 Series is 18295 & 18335 respectively.
- The VWAP & POC of Oct 2022 Series is 17350 & 17260 respectively.
- The VWAP & POC of Sep 2022 Series is 17500 & 17643 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 18315-18344-18425
HVNs – 18645 / 18721** / 18772
(** indicates series POC)
Business Areas for 19th Dec 2022:
Up
18344 – dPOC from 16 Dec
18392 – VWAP from 16 Dec
18440 – HVN from 16 Dec
18488 – Weekly IBH
18536 – Mid-profile singles
18566 – Monthly IBH
Down
18327 – Weekly IBL
18283 – dPOC from 21 Nov
18251 – 21 Nov Swing Low
18219 – Tail from 10 Nov
18179 – Weekly VPOC
18125 – 10 Nov Swing Low
(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: 43286 [ 43654 / 43185 ]
BNF opened lower and tagged the weekly VPOC of 43324 while making a low of 43287 from where it gave a quick bounce getting back into previous day’s range as it made an entry into the mid-profile singles from 43605 to 43710 but could only manage to hit 43654 as the supply came back strongly in this zone negating the ORR (Open Rejection Reverse) start.
The auction then formed a ‘b’ shape long liquidation profile for the day with completely lower Value & an initiative selling tail from 43544 to 43654 building a prominent POC once again at 43324 as it made new lows of 43185 in the L period.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Rejection Reverse – Up (ORR) which failed
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 43324 F
- Vwap of the session was at 43366 with volumes of 39.9 L and range of 470 points as it made a High-Low of 43654-43185
- The settlement day Roll Over point (Dec 2022) is 43331
- The VWAP & POC of Nov 2022 Series is 42150 & 42959 respectively.
- The VWAP & POC of Oct 2022 Series is 39750 & 38950 respectively.
- The VWAP & POC of Sep 2022 Series is 39910 & 40770 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 43231-43324-43445
HVNs – 42955 / 43303**
(** indicates series POC)
Business Areas for 19th Dec 2022:
Up
43324 – dPOC from 16 Dec
43445 – VAH from 16 Dec
43544 – Selling Tail
43654 – Weekly IBH
43772 – Mid-profile tail
43927 – Extension Handle
Down
43272 – HVN from 16 Dec
43177 – 07 Dec Swing Low
43050 – Monthly IBL
42932 – VWAP from 23 Nov
42814 – IB singles mid
42686 – Extension Handle (22 Nov)
(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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