Nifty Oct F: 18317 [ 18467 / 18251 ]
NF opened with a rejection from the yPOC of 18435 as it probed lower and hit that pending objective of 18353 which was the VPOC from 14th Oct while making a low of 18350 in the A period and gave a swfit bounce from here as it went on to make new highs for the day at 18467 in the B period and even left a buying tail in the IB (Initial Balance) from 18397 to 18350. The auction however could not extend on the upside and the break of day’s VWAP in the ‘D’ period changed the PLR (Path of Least Resistance) to the downside for the day as NF first left a PBH (Pull Back High) at 18442 in the E TPO after which it made a RE (Range Extension) to the downside in the F & G periods but the formation of similar lows at 18310 in the ‘H’ period signalled seller exhaustion which led to another PBH at 18385 in the ‘I’ TPO where the laggard shorts were taken out to pave the way for a fresh move lower till the ‘K’ period as the auction tagged the HVN of 18267 while making a low of 18250 taking support right at the start of the buying singles from 14th Oct and giving a bounce back to 18330 into the close. The day’s profile is an elongated one to the downside with completely lower Value so the VWAP of 18347 will be the immediate reference on the upside along with the PBHs of 18385 & 18442 for the coming session(s) whereas on the downside, NF would ge weaker if gets accepted below 18251 for a probe towards the 13th Oct VPOC of 18170.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Rejection Reverse (ORR)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 18361 F
- Vwap of the session was at 18347 with volumes of 108.3 L and range of 216 points as it made a High-Low of 18467-18251
- 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+6’ 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 18262-18361-18383
HVNs – 17700 / 17751 / 17817
Business Areas for 21st Oct:
Up
18347 – VWAP from 20th Oct
18385 – 2nd PBH (Pull Back High) from 20th Oct
18442 – 1st PBH from 20th Oct
18488 – 2-day composite VPOC (18th-19th Oct)
18541 – SOC (Scene Of Crime) from 19th Oct
Down
18297 – M TPO low from 20th Oct
18251 – Buying Singles from 14th Oct
18216 – Gap Mid-point from 14th Oct
18170 – VPOC from 13th Oct
18145 – Trend DAy VWAP from 13th Oct
18107 – PBL (Pull Back Low) from 13th 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: 39655 [ 39850 / 39395 ]
BNF opened lower below the level of 39525 where it last took support in the previous session and even made a quick look down below PDL hitting new lows for the week at 39394 but was swiftly rejected back resulting in yet another big IB range of 361 points as the auction left an initiative buying tail from 39488 to 39395 and went on to make a high of 39756 stalling just below yVWAP. The C period made an attempt to extend on the upside but in typical fashion gave a Dhoka and along with it a retracement to day’s VWAP in the D TPO after which BNF made another attempt to extend higher and complete the 80% Rule in the 2-day balance as it made new highs of 39850 but failed to sustain which led to a slow probe lower for the rest of the day as the auction left couple of PBHs (Pull Back High) at 39806 & 39699 before testing the morning singles and taking support there as it left a PBL (Pull Back Low) at 39483 in the K period before closing near the day’s prominent POC of 39660 leaving a hat-trick of Normal Profiles on the daily and giving a smoother 3-day Gaussian Curve with Value at 39606-39659-39891.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Rejection Reverse (ORR)
- The Day type was a Normal Day (3-1-3 profile)
- Largest volume was traded at 39667 F
- Vwap of the session was at 39630 with volumes of 34.7 L and range of 455 points as it made a High-Low of 39850-39395
- 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 39549-39667-39779
HVNs – 37622 / 37730 / 37874
Business Areas for 21st Oct:
Up
39659 – 3-day composite POC
39771 – HVN of 3-day composite
39891 – 3-day composite VAH
40040 – Weekly High
40189 – Monthly ATR objective
40392 – Weekly 2 IB Target
Down
39606 – 3-day composite VAL
39483 – Singles from 20th Oct
39394 – Weekly Low
39290 – Zone of singles from 14th Oct
39064 – VWAP from 14th Oct
38962 – Extension Handle 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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