Nifty Dec F: 18424 [ 18449 / 18231 ]
NF not only opened lower but got rejected from yVWAP of 18428 confirming a Drive Down on huge volumes resulting in a big IB range of 197 points as it left a long selling tail from 18303 to 18440 and tested the 21st Nov Swing Low of 18251 while making a low of 18243.
The auction then made couple of attempts to extend the range lower in the D & F periods but could only manage marginal new lows of 18231 & 18237 indicating that the inventory was getting too short and this led to a probe above VWAP in the G TPO and triggered a further short covering rally into the close as NF went on to make new highs for the day at 18449 leaving a Neutral Day with overlapping to lower Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Drive – Down (OD)
- The Day type was a Neutral Day (NeuD)
- Largest volume was traded at 18378 F
- Vwap of the session was at 18328 with volumes of 107.1 L and range of 217 points as it made a High-Low of 18449-18231
- NF confirmed a FA at 18231 on 20/12 and tagged 1 ATR objective of 18396 on same day. The 2 ATR target comes to 18559.
- The settlement day Roll Over point (Dec 2022) is 18650
- The VWAP & POC of Nov 2022 Series is 18295 & 18335 respectively.
- The VWAP & POC of Oct 2022 Series is 17350 & 17260 respectively.
- The VWAP & POC of Sep 2022 Series is 17500 & 17643 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 18282-18378-18444
HVNs – 18645 / 18721 / 18760**
(** indicates series POC)
Business Areas for 21st Dec 2022:
Up
18424 – Closing HVN (20 Dec)
18468 – Extension Handle (19 Dec)
18497 – VPOC from 19 Dec
18536 – 15 Dec Mid-profile singles
18566 – Monthly IBH
18610 – Initiative Ext Handle
Down
18414 – L TPO POC (20 Dec)
18378 – dPOC from 20 Dec
18329 – VWAP from 20 Dec
18282 – PBL from 20 Dec
18262 – IB hour HVN
18231 -FA from 20 Dec
(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: 43439 [ 43488 / 43045 ]
BNF confirmed an OTD (Open Test Drive) down after opening lower as it got rejected right at yPOC of 43447 and similar to NF made a relatively large IB range of 316 points while making a low of 43133 and leaving an initiative selling tail from 43315 to 43448.
The auction then made couple of REs (Range Extension) in the E & F periods where it tagged the Monthly IBL of 43050 making marginal new lows for the month at 43045 & was swiftly rejected after which it gave a trending move to the upside into the close leaving an important PBL at 43129 and went on to make new highs for the day at 43488 in the L TPO leaving a Neutral Extreme Day Up.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Test Drive – Down (OTD)
- The Day type was a Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 43202 F
- Vwap of the session was at 43266 with volumes of 35.7 L and range of 442 points as it made a High-Low of 43488-43045
- The settlement day Roll Over point (Dec 2022) is 43331
- The VWAP & POC of Nov 2022 Series is 42150 & 42959 respectively.
- The VWAP & POC of Oct 2022 Series is 39750 & 38950 respectively.
- The VWAP & POC of Sep 2022 Series is 39910 & 40770 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 43100-43202-43348
HVNs – 42955 / 43297**
(** indicates series POC)
Business Areas for 21st Dec 2022:
Up
43461 – Closing HVN (20 Dec)
43557 – Selling tail (19 Dec)
43654 – Weekly IBH
43770 – Mid-profile tail (16 Dec)
43881 – Weekly 1.5 IB
43948 – 2 ATR from yPOC
Down
43425 – LVN from 20 Dec
43315 – SOC (Scene Of Crime)
43202 – dPOC from 20 Dec
43129 – PBL from 20 Dec
43048 – Buying tail
42932 – VWAP from 23 Nov
(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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