Nifty Oct F: 17564 [ 17665 / 17495 ]
NF made an OAOR (Open Auction Out of Range) start but remained above PDH (Previous Day High) forming a narrow 58 point range IB (Initial Balance) where it negated the FA of 17599 while making a high of 17637 after which it began to coil further in the C & D periods forming inside bars.
The auction then made a RE (Range Extension) to the upside in the E TPO where it tagged September’s POC of 17643 but just fell short of the 1.5 IB objective of 17667 and left similar highs of 17665 & 17664 indicating exhaustion to the upside as it got back into the IB building volumes at 17620 till the H period.
Imbalance returned in form of a move away from 17620 strating from the I TPO as NF broke into the morning buying tail & even made couple of big REs lower in the J & K periods as it got back into the last 3-day Gaussian Curve completing the 2 IB target of 17521 with ease & went on to make a low of 17495 stopping right at the weekly POC and gave a bounce back to 17587 into the close leaving a Neutral Day with completely higher Value.
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 Neutral Day (NeuD)
- Largest volume was traded at 17623 F
- Vwap of the session was at 17595 with volumes of 91.2 L and range of 171 points as it made a High-Low of 17665-17495
- NF confirmed a FA at 17599 on 18/10 and tagged the 1 ATR objective of 17385 on 20/10. This FA got revisited on 21/10 & is no longer a valid reference.
- The settlement day Roll Over point (Oct 2022) is 16837
- The VWAP & POC of Sep 2022 Series is 17500 & 17643 respectively.
- The VWAP & POC of Aug 2022 Series is 17530 & 17530 respectively.
- The VWAP & POC of Jul 2022 Series is 16556 & 15976 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 17570-17623-17662
HVNs – 16980 / 17100 / 17280**
(** indicates series POC)
Business Areas for 25th Oct 2022:
Up
17587 – Closing PBH (21 Oct)
17623 – dPOC from 21 Oct
17664 – Selling tail (21 Oct)
17704 – VPOC from 22 Sep
17760 – LVN from 22 Sep
17808 – VWAP from 21 Sep
17850 – PBH from 21 Sep
17895 – 2 ATR from 17481
Down
17552 – LVN from 21 Oct
17507 – Buying tail (21 oct)
17481 – VPOC from 20 Oct
17440 – PBL from 20 Oct
17394 – NeuX Weekly VWAP
17334 – Weekly LVN
17285 – dPOC from 17 Oct
17241 – VWAP from 17 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: 40788 [ 41030 / 40396 ]
BNF not only made a big gap up open of 288 points but continued to drive higher after making a low of 40396 in the opening minutes taking support just above the weekly POC of 40375 as it not only negated the FA of 40668 but completed the 1 ATR objective of 40725 from the weekly FA of 39224 while making a high of 40749 in the IB and followed it up with 2 big REs in the E & F periods where it tagged the September POC of 40790 stalling just below the 22nd Sep VPOC of 40887.
The auction then made a silent G period remaining in a narrow 58 point range consolidating the upmove before making another big RE in the H TPO where it made new highs of 41030 and stopped right at the LVN from 22nd Sep leaving a small responsive tail triggering a profit booking move down to 40601 in the L period before closing the day around the dPOC of 40831 forming completely higher Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Test Drive – Up (OTD)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 40831 F
- Vwap of the session was at 40719 with volumes of 45.8 L and range of 634 points as it made a High-Low of 41030-40396
- BNF confirmed a FA at 40668 on 19/10 & tagged the 1 ATR objective down of 40001 on 20/10. This FA got revisited on 21/10 & is no longer a valid reference.
- The settlement day Roll Over point (Oct 2022) is 37890
- The VWAP & POC of Sep 2022 Series is 39910 & 40770 respectively.
- The VWAP & POC of Aug 2022 Series is 38530 & 38320 respectively.
- The VWAP & POC of Jul 2022 Series is 35427 & 35099 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 40592-40831-40906
HVNs – 38372 / 39050** / 39176
(** indicates series POC)
Business Areas for 25th Oct 2022:
Up
40831 – dPOC from 21 Oct
40998 – Selling tail (21 Oct)
41156 – PBH from 22 Sep
41275 – Weekly VPOC
41417 – VPOC from 21 Sep
41535 – PBH from 21 Sep
41687 – POC from 20 Sep
41795 – HVN from 20 Sep
Down
40719 – VWAP from 21 Oct
40583 – Extension Handle
40455 – Singles mid-point
40349 – Gap mid-point
40205 – Gap low
40050 – VPOC from 20 Oct
39940 – PBL from 20 Oct
39804 – dPOC from 17 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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