Nifty Nov F: 17909 [ 18029 / 17894 ]
NF opened with a big gap down right at the buying singles of 12th Nov as it made a low of 17911 and reversed the probe to the upside as it formed a narrow range IB (Initial Balance) of 84 points where it got back into previous day’s range and made a big C side extension higher in an attempt to enter previous Value but could only make a high of 18029 and this rejection led to a probe below VWAP and the test of the buying singles of the IB as the auction left a PBL (Pull Back Low) at 17938 and made a second attempt to enter previous Value in the J period but could only leave a PBH (Pull Back High) at 18025 which confirmed that the supply was persistant which triggered a trending move to the downside into the close resulting in new lows for the day at 17894 and a Neutral Extreme (NeuX) Down profile. The NeuX zone on watch for the next open would be from 17911 to 17894 with NF being on track to continue the imbalance of this week with the new references on the upside being today’s VWAP of 17964.
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 Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 17902 F
- Vwap of the session was at 17964 with volumes of 59.1 L and range of 134 points as it made a High-Low of 18029-17894
- 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 17895-17902-17986
HVNs – 17820 / 17911 / 18354
Business Areas for 18th Nov:
Up
17911 – Neux zone high
17964 – NeuX VWAP from 17th Nov
18025 – PBH from 17th Nov
18066 – VPOC from 16th Nov
18110 – VAH from 16th Nov
18144 – Selling singles from 16th Nov
18184 – VAH from 15th Nov
Down
17881 – VWAP from 11th Nov
17857 – dPOC from 11th Nov
17813 – Buying singles from 11th Nov
17786 – Weekly 3 IB objective
17753 – Buying singles from 01st Nov
17680 – Buying tail from 29th Oct
17641 – Spike low of 6th Oct
(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: 38139 [ 38563 / 38055 ]
BNF also opened with a big gap down of 250 points and stopped just above the 08th Oct VPOC of 37983 as it made a low of 38055 and made a good short covering move in the IB where it went up by 435 points and continued this probe in the C period with a good RE getting above yVWAP of 38525 but could only make a high of 38563 stalling just below the TPO POC of 38570 from previous profile marking the end of the upside for the day. The auction then made a slow probe lower breaking below VWAP and leaving a PBL right at previous week’s freak tick of 38170 in the ‘H’ period and the subsequent bounce to the day’s VWAP stopped right at the HVN of 38390 with BNF confirming an important PBH at 38383 triggering a fresh probe lower into the close as it broke below 38170 and almost tagged the lows of the day while tagging 38100 with the POC also shifting to 38115 leaving a Normal 3-1-3 profile for the day with completelely lower Value.
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 Day (3-1-3 profile)
- Largest volume was traded at 38115 F
- Vwap of the session was at 38302 with volumes of 29.8 L and range of 508 points as it made a High-Low of 38563-38055
- 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 38099-38115-38380
HVNs – 39531 / 39757 / 40080 / 40750
Business Areas for 18th Nov:
Up
38170 – SOC (Scene Of Crime) from 17th Nov
38277 – HVN from 17th Nov
38383 – PBH from 17th Nov
38545 – Selling singles from 17th Nov
38667 – Selling singles from 16th Nov
38762 – Singles mid-point from 16th Nov
38853 – VPOC from 15th Nov
Down
38115 – HVN from 17th Nov
37983 – VPOC from 08th Oct
37896 – FA from 07th Oct
37776 – 3 IB objective on weekly
37640 – Buying singles from 5th Oct
37440 – VPOC from 01st 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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