Nifty Dec F: 18276 [ 18515 / 18223 ]
NF continued previous session’s imbalance close with a higher open & a tag of the 19th Dec’s VPOC of 18497 along with an entry into that day’s selling tail from 18504 to 18519 but it could only make a high of 18515 signalling the return of OTF (Other Time Frame) sellers as could be confirmed with the initiative selling tail from 18460 to 18515 in the IB where it made a low of 18406.
The auction then made a typical C side extension to 18380 where it took support just above yPOC of 18378 and gave a bounce back to 18448 stalling right at PDH (Previous Day High) indicating sellers in control and this triggered a massive trending move lower till the J period as it swiped through previous day’s profile recording new lows of 18223 where it left a small responsive buying tail and saw the sellers book out as the dPOC shifted down to 18275 into the close.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Trend Day – Down (Outside Bar)
- Largest volume was traded at 18275 F
- Vwap of the session was at 18350 with volumes of 117.9 L and range of 292 points as it made a High-Low of 18515-18223
- 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. This FA got revisted on 21/12 & saw some demand coming back.
- 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 18232-18275-18406
HVNs – 18645 / 18721 / 18763**
(** indicates series POC)
Business Areas for 22nd Dec 2022:
Up
18304 – LVN from 21 Dec
18350 – Trend Day VWAP
18404 – HVN from 21 Dec
18448 – PBH from 21 Dec
18487 – IB Tail Mid-point
18519 – 19 Dec Swing High
Down
18275 – dPOC from 21 Dec
18240 – Buying tail (21 Dec)
18179 – Weekly VPOC
18125 – 10 Nov Swing Low
18083 – dPOC from 31 Oct
18046 – Buying Tail (31 Oct)
(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: 42765 [ 43688 / 42446 ]
BNF opened with a probe higher as it negated the 16th Dec Selling tail from 43557 to 43654 while making a high of 43688 but could not take out the 15th Dec closing extension handle of 43710 which brought back the sellers into play as they left a fresh initiative selling tail from 43611 to 43688 and made couple of REs lower in the C & D periods forming a low of 43361 holding just above the SOC (Scene Of Crime) of 43315.
The auction then gave a small bounce back to 43524 in the F TPO but got rejected at the day’s VWAP which made the selling more intense resulting in a massive downmove with the help of couple of extension handles at 43361 & 43090 as BNF saw a crazy J TPO of 711 points swiping through the 22nd Nov 2022 Buying tail & tagging the 21st Nov VPOC of 42522 while making a low of 42446 where it left a pretty long responsive buying tail till 42680 to get back into balance mode for the rest of the day building volumes at 42750 leaving a huge Trend Day Down of 1242 points.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Trend Day – Down (Outside Bar)
- Largest volume was traded at 43521 F
- Vwap of the session was at 43131 with volumes of 56.9 L and range of 1242 points as it made a High-Low of 43688-42446
- 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 42854-43521-43687
HVNs – 42955 / 43297 / 43412**
(** indicates series POC)
Business Areas for 22nd Dec 2022:
Up
42830 – Anomaly (21 Dec)
42959 – Nov Monthly POC
43063 – Mid-profile singles (21 Dec)
43131 – Trend Day VWAP
43209 – HVN from 21 Dec
43361 – Extension Handle
43425 – HVN from 21 Dec
43524 – PBH from 21 Dec
Down
42750 – Closing HVN (21 Dec)
42680 – Buying tail (21 Dec)
42563 – Singles mid-point
42430 – FA from 15 Nov
42310 – Buying Tail (14 Nov)
42251 – FA from 11 Nov
42150 – Nov Series VWAP
42018 – Monthly 3 IB
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive
