Nifty Oct F: 18203 [ 18366 / 18077 ]
NF opened slightly higher but gave an OTD (Open Test Drive) Down as it got rejected from the yPOC of 18361 and gave a trending move lower for most part of the day with the help of couple of extension handles at 18269 & 18253 along with an initiative selling tail in the IB (Initial Balance) from 18309 to 18366 not only tagging the 13th Oct VPOC of 18170 but also went on to make a low of 18077 in the K period where it took support just above the buying singles of that day marking the end of the downside imbalance. The auction then gave a good short covering bounce into the close to 18245 leaving a ‘b’ shape profile for the day with compleltely lower Value. Today’s extension handle of 18269 & Selling Singles of 18309 will be the levels to watch on the upside whereas the downside will be marked by the dPOC of 18166 sustaining below which NF remains weak.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Test Drive – Down (OTD)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 18166 F
- Vwap of the session was at 18194 with volumes of 98.1 L and range of 289 points as it made a High-Low of 18366-18077
- NF confirmed a FA at 17862 on 12/10 and tagged the 2 ATR objective of 18219 on 14/10. This FA has not been tagged in ‘T+6’ Days and is now strong positional reference..
- 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 18108-18166-18229
HVNs – 17700 / 17751 / 17817 / 18168 / 18480
Business Areas for 22nd Oct:
Up
18229 – VAH from 21st Oct
18269 – Extension Handle from 21st Oct
18309 – Selling Singles from 21st Oct
18347 – VWAP from 20th Oct
18385 – 2nd PBH (Pull Back High) from 20th Oct
18411 – HVN from 20th Oct
Down
18194 – VWAP from 21st Oct
18166 – dPOC from 21st Oct
18106 – VAL from 21st Oct
18076 – Buying Singles from 13th Oct
18024 – HVN from 11th Oct
17995 – NeuX zone low from 12th 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: 40105 [ 40327 / 39482 ]
BNF made an OAIR (Open Auction In Range) and continued the balance it was forming from the past 3 days leaving a very narrow IB (Initial Balance) range of just 186 points between 39830 to 39644 and continued to coil even further in the C period where it remained inside B within a range of only 70 points. The auction then made a RE (Range Extension) to the downside in the D period where it made a low of 39512 but could only form marginal new lows of 39506 in the E TPO indicating that the previous day’s buying tail from 39483 to 39395 was being defended and this led to a pull back to 39733 in the H period with the 3-day composite VWAP stalling the upside. BNF then made a fresh attempt to break lower in the K period where it made new lows of 39482 but once again the sellers failed to push through the previous day’s singles and this triggered a monstrous move of 845 points to the upside into the close as short covering along with fresh buying resulted in three extension handles at 39830 / 39965 & 40068 to signal a definite move away from the balance forming a Neutral Extreme Day Up. The overlapping Value of the day means that we have a 4-day Gaussian Composite now at 39575-39731-39886 which will be the reference on the downside with the immediate Neutral Extreme Area from 40068 to 40327.
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 Extreme Day – Up (NeuX)
- Largest volume was traded at 39756 F
- Vwap of the session was at 39800 with volumes of 39.8 L and range of 845 points as it made a High-Low of 40327-39482
- 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 / 39732
Business Areas for 22nd Oct:
Up
40189 – Monthly ATR Objective
40260 – 1 ATR from yPOC of 39756
40392 – Weekly 2 IB Target
40550 – 3 IB Target on Monthly
40781 – Weekly 3 IB objective
Down
40068 – Neutral Extreme Low zone from 21st Oct
39965 – Extension Handle from 21st Oct
39830 – Extension Handle from 21st Oct
39731 – 4-day composite POC (18th to 21st Oct)
39575 – 4-day composite VAL
39482 – Singles from 20th 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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