Nifty Dec F: 16801 [ 16955 / 16708 ]
NF opened higher and got accepted in previous day’s selling singles as it made a OTF (One Time Frame) probe higher till the G period scaling above PDH to hit 16955 but formed similar highs in the H period signalling exhaustion in the upmove and the break of VWAP in the J period triggered a big liquidation fall as the auction went on to make new lows for the day at 16708 before giving a bounce back to the dPOC of 16809 into the close leaving a Neutral Centre Day with completely higher Value and a SOC (Scene Of Crime) at 16860.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Neutral Centre Day (NeuC)
- Largest volume was traded at 16809 F
- Vwap of the session was at 16836 with volumes of 117 L and range of 247 points as it made a High-Low of 16955-16708
- The settlement day Roll Over point (December) is 17600
- The VWAP & POC of Nov Series is 17635 & 17961 respectively.
- The VWAP & POC of Oct Series is 18036 & 18155 respectively.
- The VWAP & POC of Sep Series is 17519 & 17365 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 16725-16809-16887
HVNs – 17198 / 17294 / 17533
Business Areas for 22nd Dec:
Up
16809 – dPOC from 21st Dec
16860 – SOC (Scene Of Crime) from 21st Dec
16918 – Weekly IBH
16968 – 1 ATR weekly objective
17033 – VPOC from 17th Dec
17094 – VWAP from 17th Dec
Down
16779 – HVN from 21st Dec
16736 – Buying singles from 21st Dec
16685 – Extension Handle from 20th Dec
16636 – VPOC from 20th Dec
16561 – 1.5 Monthly IB target
16506 – HVN from 20th 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: 34677 [ 35123 / 34429 ]
BNF also opened higher negating the extension handle of 34691 and got accepted in previous day’s initiative selling tail as it made a high of 35043 in the opening 15 minutes but gave a quick dip of 371 points to tag 34672 in the A period itself after which it made a narrow range inside bar in the B TPO leaving tails at both ends at the close of the IB (Initial Balance). The auction then filled up the upper profile & even made couple of RE’s higher in the D & F periods but could only manage marginal new highs of 35080 & 35123 indicating that the upside was getting limited and the break of VWAP late in the day saw a SOC (Scene Of Crime) developing at 34910 in the ‘J’ period triggering a big liquidation break resulting in new lows for the day at 34429 as BNF tagged the yPOC of 34478 but got rejected leaving a responsive buying tail till 34576 and closed the day around the IBL of 34672 leaving a Neutral profile. Value was completely higher although supply made a return above 35080 causing a close near the VAL and today’s VWAP of 34823 will be the immediate reference on the upside.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Neutral Day (NeuD)
- Largest volume was traded at 34992 F
- Vwap of the session was at 34823 with volumes of 38.5 L and range of 694 points as it made a High-Low of 35123-34429
- The settlement day Roll Over point (December) is 37555
- The VWAP & POC of Nov Series is 38047 & 39404 respectively.
- The VWAP & POC of Oct Series is 39368 & 41157 respectively.
- The VWAP & POC of Sep Series is 37210 & 36633 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 34695-34992-35086
HVNs – 36246 / 36425 / 37044 / 37750
Business Areas for 22nd Dec:
Up
34720 – HVN from 21st Dec
34823 – VWAP from 21st Dec
34992 – dPOC from 21st Dec
35093 – Selling singles from 21st Dec
35267 – Mid-point of selling singles
35350 – Weekly IBH
35525 – Gap mid-point
35712 – 1 ATR weekly objective
Down
34672 – IBL from 21st Dec
34576 – Buying singles from 21st Dec
34478 – dPOC from 20th Dec
34350 – LVN from 20th Dec
34200 – Buying singles from 20th Dec
33979 – 1 ATR from VAH of 34675
33824 – Monthly 2 IB target
33642 – 1 ATR monthly objective
(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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