Nifty Dec F: 16973 [ 16985 / 16832 ]
NF opened above the SOC (Scene Of Crime) of 16860 and probed higher but formed similar highs in the IB indicating lack of demand and this led to a probe lower and a C side extension where the auction made new lows of 16832 but took support at yVWAP and left a small but important buying tail marking the end of the downside for the day. NF then formed a nice balance for most part of the day as a RE higher in the H period was swiftly rejected back into the IB resulting in a PBL (Pull Back Low) at 16862 which formed a base for the buyers to launch a fresh attack late into the day with an extension handle at 16940 & a spike close till 16985 confirming a FA at lows & leaving a Neutral Extreme Up Day with higher Value once again.
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 Extreme Day – Up (NeuX)
- Largest volume was traded at 16979 F
- Vwap of the session was at 16914 with volumes of 75.4 L and range of 153 points as it made a High-Low of 16985-16832
- NF confirmed a FA at 16832 on 22/12 and the 1 ATR objective comes to 17076. The 2 ATR target comes to 17321.
- 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 16894-16979-16985
HVNs – 17198 / 17294 / 17533
Business Areas for 23rd Dec:
Up
16979 – dPOC from 22nd Dec
17033 – VPOC from 17th Dec
17094 – VWAP from 17th Dec
17128 – PBH from 17th Dec
17178 – Selling singles from 07th Dec
17248 – Mid point of selling tail
17294 – Series / Weekly POC
17331 – VPOC from 16th Dec
Down
16940 – Extension Handle from 22nd Dec
16894 – HVN from 22nd Dec
16862 – PBL (Pull Back Low) from 22nd Dec
16809 – VPOC from 21st Dec
16779 – HVN from 21st Dec
16736 – Buying singles from 21st Dec
16685 – Extension Handle from 20th Dec
16636 – VPOC 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: 35091 [ 35169 / 34746 ]
BNF opened above yVWAP of 34824 and re-visted yesterday’s SOC (Scene Of Crime) of 34910 & the POC of 34992 in the opening minutes while making a high of 35060 giving yet another OAIR (Open Auction In Range) start after which it formed a narrow 250 point range IB (Initial Balance). The auction then made the dreaded C side extension lower as it made new lows for the day at 34746 stalling just above the HVN of 34720 and formed a nice balance for most part of the day filling up the low volume zone of previous profile before giving a spike higher into the close confirming a FA (Failed Auction) at lows and a Neutral Extreme Day Up with today’s SOC being at 35004 which will be the important level to watch on the downside. Value was completelely inside with a prominent dPOC at 34919 which gives a nice 2-day composite with Value at 34807-34987-35086 and BNF will need to sustain above this for a move towards the 1 ATR objective of 35408 in the coming session.
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 34919 F
- Vwap of the session was at 34954 with volumes of 33.1 L and range of 424 points as it made a High-Low of 35169-34746
- BNF confirmed a FA at 34746 on 22/12 and the 1 ATR objectivecomes to 35408. The 2 ATR target comes to 36069.
- 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 34801-34919-35032
HVNs – 36246 / 36425 / 37044 / 37750
Business Areas for 23rd Dec:
Up
35116 – Selling singles from 22nd Dec
35267 – Mid-point of selling singles
35408 – 1 ATR from FA of 34746
35525 – Gap mid-point
35712 – 1 ATR weekly objective
35835 – Extension Handle from 17th Dec
35998 – VPOC from 17th Dec
36069 – 2 ATR from FA of 34746
36198 – Extension Handle from 17th Dec
Down
35086 – 2-day composite VAH
34919 – Prominent dPOC from 22nd Dec
34746 – FA (Failed Auction) from 22nd Dec
34576 – Buying singles from 21st Dec
34425 – HVN from 20th Dec
34290 – LVN from 20th Dec
34190 – Buying singles from 20th Dec
33979 – 1 ATR from VAH of 34675
(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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