Nifty Dec F: 17023 [ 17310 / 17000 ]
As expected, NF gave an initiative move away from the 3-day composite balance with an Open Drive Down leaving a long selling tail from 17178 to 17310 in the IB along with an extension handle at 17152 in the A period as it formed a big range of 230 points. The auction made multiple REs lower from the C period to the G period where it made a low of 17015 matching the buying singles low of 07th Dec from where it gave a bounce and the only retracement to the day’s VWAP in the ‘J’ period but could only manage to leave a PBH at 17128 and this rejection from VWAP triggered a fresh probe to the downside resulting in new lows of the day at 17000 in the L period but saw the dPOC also shifting lower to 17033 forming a ‘b’ shape profile for the day.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Drive – Down (OD)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 17033 F
- Vwap of the session was at 17094 with volumes of 106.9 L and range of 310 points as it made a High-Low of 17310-17000
- 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 17008-17033-17112
HVNs – 17198 / 17294 / 17533
Business Areas for 20th Dec:
Up
17033 – dPOC from 17th Dec
17094 – VWAP from 17th Dec
17128 – PBH from 17th Dec
17178 – Selling singles from 07th Dec
17248 – Mid point of selling tail
17294 – Series / Weekly POC
Down
17011 – Buying tail from 17th Dec
16975 – 3-day composite VAL
16942 – Weekly FA from 06th Dec
16900 – Monthly buying singles mid-point
16850 – Dec Series Low
16791 – Singles mid-point from 07th Dec
16749
(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: 35749 [ 36680 / 35642 ]
BNF continued the imbalance it began in the previous session with a Drive Down as it formed a large IB range of 737 points which included an initiative selling tail from 36245 to 36680 after which it continued to probe lower all day leaving couple of extension handles at 36198 & 35835 along with an important PBH at 36067 while making a low of 35642 stopping right at the NeuX low of 30th Nov before giving a small bounce to close at 35749. Value was once again completely lower for the day and is set to make new lows for this series if remains below today’s POC of 35998 in the coming session(s).
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Test Drive – Down (OTD)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 35998 F
- Vwap of the session was at 36000 with volumes of 37.6 L and range of 1038 points as it made a High-Low of 36680-35642
- 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 35714-35998-36072
HVNs – 36246 / 36425 / 37044 / 37750
Business Areas for 20th Dec:
Up
35835 – Extension Handle from 17th Dec
35998 – dPOC from 17th Dec
36067 – PBH from 17th Dec
36245 – Selling Singles from 17th Dec
36478 – Mid-point of selling tail
36736 – VPOC from 16th Dec
Down
35713 – Buying singles from 17th Dec
35550 – Mid-point of buying singles
35374 – 2 ATR from VPOC of 36736
35200 – 1 ATR from VPOC of 35885
35033 – 1 ATR from 17th Dec VAL
34762
(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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