Nifty Oct F: 11765 [ 11798 / 11673 ]
The Trend Day in NF paved way for a balance on Friday as the auction remained in a relatively narrow range of 125 points forming an inside bar and a Normal Day filling up the low volume area of the previous day’s profile and closing right at the prominent dPOC of 11765.
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Day
- Largest volume was traded at 11765 F
- Vwap of the session was at 11748 with volumes of 119.2 L and range of 125 points as it made a High-Low of 11798-11673
- NF confirmed a FA at 11817 on 14/10 and tagged the 1 ATR objective of 11965 on the same day. This FA got revisited on 15/10 and completed the 1 ATR move down to 11669
- NF had confirmed a FA at 10857 on 25/09 and tagged the 2 ATR objective of 11165 on 28/09. This FA has not been tagged and is now positional support.
- The settlement day Roll Over point (Oct) is 10830
- The VWAP & POC of Sep Series is 11353 & 11560 respectively.
- The VWAP & POC of Aug Series is 11311 & 11311 respectively.
- The VWAP & POC of Jul Series is 10897 & 10803 respectively.
- Value zones (volume profile) are at 11731-11765-11772
HVNs – 10962 / 11220* / 11425 / 11590 / 11740 / 11870 / 11920*
Hypos for 19.10.2020:
a) NF needs to accept over 11765 for a rise to 11794 / 11832-864 & 11908-942
b) The auction staying below 11760 could test 11720 / 11680-645 & 11590
BankNifty Oct F: 23584 [ 23717 / 23183 ]
BNF opened with a gap up on Friday and shaped a mini DD (Double Distribution) higher as it tested the second of the Trend Day extension handles of 23684 before giving a close at 23584.
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 23600 F
- Vwap of the session was at 23472 with volumes of 75 L and range of 534 points as it made a High-Low of 23717-23183
- BNF confirmed a FA at 23212 on 14/10 and tagged the 1 ATR objective of 23769 on the same day. This FA got revisited on 15/10 & is no longer a valid reference.
- BNF had confirmed a FA at 20431 on 25/09 and tagged the 2 ATR objective of 21490 on 28/09. This FA has not been tagged and is now positional support.
- The settlement day Roll Over point (Oct) is 20490
- The VWAP & POC of Sep Series is 22320 & 22320 respectively.
- The VWAP & POC of Aug Series is 22444 & 21595 respectively.
- The VWAP & POC of Jul Series is 22163 & 22087 respectively.
- Value zones (volume profile) are at 23365-23600-23671
HVNs – 20538 / 20822 / 21400* / 22090 / 22640 / 22890 / 23330* / 23730
Hypos for 19.10.2020:
a) BNF needs to sustain above 23600 for a rise to 23660-751 / 22854-900 / 23990 / 24074-160 & 24226-292
b) The auction staying below 23540 could test 23480-430 / 23355-275 / 23190 / 23100-044 & 22992-900
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