Nifty Nov F: 18281 [ 18293 / 18171 ]
NF followed up the ‘b’ shape profile with a ‘p’ shape short covering one leaving a A period buying tail from 18213 to 18171 & forming an inside bar with a prominent POC at 18241 closing in a mini-spike higher from 18265 to 18293 which will be the zone to watch for the next open as acceptance of the spike can bring a test of the higher VPOCs of 18343 & 18442 from 18th & 17th Nov respectively.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up (‘p’ shape profile)
- Largest volume was traded at 18241 F
- Vwap of the session was at 18241 with volumes of 57.5 L and range of 122 points as it made a High-Low of 18293-18171
- The settlement day Roll Over point (Nov 2022) is 17800
- The VWAP & POC of Oct 2022 Series is 17350 & 17260 respectively.
- The VWAP & POC of Sep 2022 Series is 17500 & 17643 respectively.
- The VWAP & POC of Aug 2022 Series is 17530 & 17530 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 18224-18241-18274
HVNs – 17745 / 18133 / 18193** / 18409
(** indicates series POC)
Business Areas for 23rd Nov 2022:
Up
18293 – Spike High (22 Nov)
18343 – VPOC from 18 Nov
18379 – Selling tail (18 Nov)
18410 – Weekly POC
18442 – VPOC from 17 Nov
18478 – 1 ATR from 18343
Down
18276 – LVN from 22 Nov
18241 – dPOC from 22 Nov
18213 – Buying Tail (22 Nov)
18161 – Buying tail (21 Nov)
18129 – Singles from 10 Nov
18093 – Weekly VPOC
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Nov F: 42478 [ 42516 / 42380 ]
BNF opened slightly higher & managed to stay above previous day’s Selling tail of 42385 but remained in an unusual narrow range of just 80 points for most part of the day before making an attempt to extend higher in the J period which was rejected as it built a prominent POC at 42422 before it gave a mini spike into the close tagging the 18th Nov VPOC of 42515.
Value was completely higher & staying above the spike zone of 42476 to 42516, the auction could continue higher in the close of this series looking to to make new ATH.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction (OA)
- The Day type was a Normal Day (with spike close)
- Largest volume was traded at 42422 F
- Vwap of the session was at 42434 with volumes of 16.2 L and range of 137 points as it made a High-Low of 42516-42380
- BNF confirmed a FA at 42053 on 11/11 and tagged 1 ATR objective of 42474 on 15/11. The 2 ATR target comes to 42894
- BNF confirmed a FA at 42100 on 14/11 and tagged 1 ATR objective of 42527 on 15/11. The 2 ATR target comes to 42954
- BNF confirmed a FA at 42226 on 15/11 and tagged 1 ATR objective of 42643 on 16/11. The 2 ATR target comes to 43060
- The VWAP & POC of Oct 2022 Series is 39750 & 38950 respectively.
- The VWAP & POC of Sep 2022 Series is 39910 & 40770 respectively.
- The VWAP & POC of Aug 2022 Series is 38530 & 38320 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 42397-42422-42452
HVNs – 41452 / 42292**
(** indicates series POC)
Business Areas for 23rd Nov 2022:
Up
42486 – Selling tail (22 nov)
42577 – Selling tail (18 nov)
42643 – Selling tail (17 Nov)
42774 – Weekly 1.5 IB
42934 – Weekly 2 IB
43060 – 2 ATR from 42226
Down
42476 – Spike low (22 Nov)
42383 – Buying tail (22 Nov)
42303 – dPOC from 21 Nov
42203 – VPOC from 14 Nov
42053 – FA from 11 Nov
41936 – VPOC from 09 Nov
(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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