Nifty Oct F: 18495 [ 18543 / 18436 ]
NF continued the imbalance of the previous session’s spike close as it opened with a big gap up of more than 100 points but settled down into an OAOR (Open Auction Out of Range) as it remained in the IB (Initial Balance) range of 82 points for the first half of the day before making couple of REs (Range Extension) to the upside in the G & H periods where it tagged 18543 but failed to extend any further forming a Bell Shape profile for the day with the close at the prominent POC at 18491. It remains to be seen if the auction continues this balance which it has started today or give a move away from here in the coming session(s).
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 Normal Variation Day – Up (Gaussian Curve)
- Largest volume was traded at 18491 F
- Vwap of the session was at 18490 with volumes of 63.8 L and range of 107 points as it made a High-Low of 18543-18436
- NF confirmed a FA at 17862 on 12/10 and tagged the 2 ATR objective of 18219 on 14/10. This FA is currently on ‘T+4’ Days.
- The settlement day Roll Over point (October) is 17611
- The VWAP & POC of Sep Series is 17519 & 17365 respectively.
- The VWAP & POC of Aug Series is 16455 & 16255 respectively.
- The VWAP & POC of Jul Series is 15778 & 15820 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 18474-18491-18517
HVNs – 17700 / 17751 / 17817
Business Areas for 19th Oct:
Up
18517 – VAH from 18th Oct
18543 – Weekly IBH
18597 – 1.5 weekly IB objective
18650 – 2 IB target on weekly
18726 – Monthly 3 IB objective
Down
18472 – PBL (Pull Back Low) from 18th Oct
18450 – Buying Singles from 18th Oct
18402 – Singles Mid-point
18355 – VPOC from 14th Oct
18303 – VWAP from 14th Oct
18267 – HVN from 14th Oct
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Oct F: 39782 [ 40002 / 39612 ]
BNF opened with a huge gap up of 383 points as it continued the upside probe it started in the previous session but formed a pretty large range of 352 points in the A period where it made a high of 39964 which also marked the end of the imbalance and the start of a new balance with the auction remaining in this A period range all day with an attempt to make a RE higher in the G & H TPOs being rejected leaving a perfect Gaussian Curve on the daily with a close right at the prominent POC of 39780. Value was completely higher so the PLR remains to the upside till today’s singles from 39636 to 39402 are held in the coming session(s).
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 (Gaussian Curve)
- Largest volume was traded at 39780 F
- Vwap of the session was at 39792 with volumes of 31.5 L and range of 390 points as it made a High-Low of 40002-39612
- BNF confirmed a FA at 38190 on 06/10 and tagged the 1 ATR objective of 37581 on the same day. This FA got re-visited in ‘T+2’ Day on 08/10 and got rejected once again closing well below it. BNF finally managed to close above this FA on 11/10 and tagged the 2 ATR target of 39408 to the upside on 14/10.
- The settlement day Roll Over point (October) is 37596
- The VWAP & POC of Sep Series is 37210 & 36633 respectively.
- The VWAP & POC of Aug Series is 35715 & 35616 respectively.
- The VWAP & POC of Jul Series is 35105 & 34804 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 39716-39780-39880
HVNs – 37622 / 37730 / 37874
Business Areas for 19th Oct:
Up
39880 – VAH of Gaussian profile from 18th Oct
40002 – Weekly IBH
40189 – Monthly ATR objective
40392 – Weekly 2 IB Target
40550 – Monthly 3 IB objective
Down
39780 – Prominent POC from 18th Oct
39636 – Buying Singles from 18th Oct
39519 – Singles mid-point
39402 – HVN from 14th Oct
39290 – Zone of singles from 14th Oct
39064 – VWAP from 14th 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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