Nifty Nov F: 18378 [ 18473 / 18346 ]
NF opened lower making a look down below PDL as it made a low of 18380 but was rejected back into the previous day’s Neutral Centre balance triggering the 80% Rule as it went on to make a high of 18473 stalling just below Wednesday’s IBH forming an overlapping POC around 18445.
The auction was forming a ‘p’ shape profile for most part of the day before the break of VWAP late in the day triggered a quick liquidation drop down to 18346 leaving a Neutral Extreme Day Down with overlapping Value for the fifth consecutive session.
Click here to view the latest profile in NF on MPLite
This weekly settlement which started with a big 240 point gap up has once again put up a Neutral profile with completely higher Value at 18365-18410-18437 forming a nice Gaussian Curve with an ultraprominent POC at 18410 as it remained in a very narrow range of just 173 points and is looking good for a move away from this balance in the coming session(s).
Click here to view the daily profile charts of NF of this settlement week on MPLite
- The NF Open was an Open Auction (OA)
- The Day type was a Neutral Exteme Day – Down (NeuX)
- Largest volume was traded at 18442 F
- Vwap of the session was at 18412 with volumes of 63.9 L and range of 128 points as it made a High-Low of 18473-18346
- 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 18396-18442-18463
HVNs – 17745 / 18133 / 18193** / 18372
(** indicates series POC)
BankNifty Nov F: 42531 [ 42660 / 42410 ]/span>
BNF also opened with a probe below PDL which was swiftly rejected from 42410 resulting in an A period buying tail after which it went on to make a slow probe higher all day but could not as it hit 42660 in the L TPO but for the second day running failed to get fresh demand above the 1 ATR objective of 42643 from the FA of 42226 which triggered a fast paced liquidation break into the close as the auction came down near the A period buying tail making a low of 42486 before closing around the dPOC & leaving an inside bar in terms of Value.
The 2-day overlapping POC is at 42542 & this balance in a narrow range of just 250 points could turn into an imbalance in the coming session(s).
Click here to view the latest profile in BNF on MPLite
This week’s settlement resembles a Double Distribution Trend Up profile with completely higher Value at 42143-42287-42503 with a close around the HVN of the upper distribution at 42534 and could fill up the low volume zone between 42287 & 42570 before moving away from this zone.
Click here to view the daily profile charts of BNF of this settlement week on MPLite
- The BNF Open was an Open Auction (OA)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 42536 F
- Vwap of the session was at 42560 with volumes of 21.8 L and range of 250 points as it made a High-Low of 42660-42410
- 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 tagged 1 ATR objective of 42643 on 16/11. The 2 ATR target comes to 43060
- 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 42501-42536-42596
HVNs – 41452** / 42294
(** indicates series POC)
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