Nifty Nov F: 17435 [ 17805 / 17301 ]
NF gave an Open Drive Down start as it dropped by more than 150 points in the opening 10 minutes forming new lows of the series at 17643 and went on to confirm an initiative move away from the yPOC of 17778 with a huge selling tail in the IB (Initial Balance) from 17702 to 17805. The auction then left couple of extension handles at 17636 & 17572 expediating the fall further as it went on to tag the monthly VPOC of 17365 making an unprecedented range of 503 points for the day while making a low of 17301 and saw good profit booking by the sellers seen in the responsive buying tail from 17345 to 17301 and also the dPOC shifting lower to 17447 where NF closed leaving a Trend Day Down.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Drive – Down (OD)
- The Day type was a Trend Day – Down (TD)
- Largest volume was traded at 17447 F
- Vwap of the session was at 17522 with volumes of 104.4 L and range of 503 points as it made a High-Low of 17805-17301
- The settlement day Roll Over point (November) is 17901
- The VWAP & POC of Oct Series is 18036 & 18155 respectively.
- The VWAP & POC of Sep Series is 17519 & 17365 respectively.
- The VWAP & POC of Aug Series is 16455 & 16255 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 17314-17447-17608
HVNs – 17772 / 17856 / 17916 / 17952 / 18132 / 18354
Business Areas for 23rd Nov:
Up
17468 – PBH from 22nd Nov
17522 – Trend Day VWAP from 22nd Nov
17572 – Extension Handle from 22nd Nov
17636 – Higher extension handle from 22nd Nov
17702 – Selling Singles from 22nd Nov
17778 – dPOC from 18th Nov
Down
17402 – Weekly IBL
17345 – Buying singles from 22nd Nov
17281 – Monthly 2 IB objective
17225 – PBL from 02nd Sep
17169 – Buying Singles from 02nd Sep
17122 – Extension Handle from 31st Aug
17092 – Trend Day VWAP from 31st Aug
(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: 37182 [ 38214 / 36680 ]
BNF also made an Open Drive Down start moving away from the POC of previous session’s ‘b’ shape profile with a huge initiative tail from 37849 to 38215 after which it left the first extension handle at 37682 along with a zone of singles till 37571 and gave the second extension handle of the day at 37355 in the F period and went on to make a drop to 36680 completing a humoungous 1534 point range for the day before confirming a small responsive buying tail from 36893 to 36680 and a bounce to 37295 into the close leaving a Trend Day Down.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Drive – Down (OD)
- The Day type was a Trend Day – Down (TD)
- Largest volume was traded at 37271 F
- Vwap of the session was at 37350 with volumes of 41.9 L and range of 1534 points as it made a High-Low of 38214-36680
- The settlement day Roll Over point (November) is 39650
- The VWAP & POC of Oct Series is 39368 & 41157 respectively.
- The VWAP & POC of Sep Series is 37210 & 36633 respectively.
- The VWAP & POC of Aug Series is 35715 & 35616 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 36735-37271-37529
HVNs – 38844 / 39102 / 39531 / 39757 / 40080 / 40750
Business Areas for 23rd Nov:
Up
37271 – Trend Day POC from 22nd Nov
37355 – Extension Handle from 22nd Nov
37571 – Mid-profile selling singles
37682 – Extension Handle from 22nd Nov
37849 – Selling Singles from 22nd Nov
38093 – dPOC from 18th Nov
38241 – Selling Singles from 18th Nov
Down
37180 – HVN from 22nd Nov
37056 – SOC from 22nd Nov
36893 – Buying Singles from 22nd Nov
36633 – Monthly VPOC from Sep
36530 – FA (Failed Auction) from 07th Sep
36393 – Mid-profile singles from 30th Aug
36185 – Buying Singles from 30th Aug
(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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