Nifty Oct F: 18144 [ 18319 / 18051 ]
NF opened higher and went on to test previous session’s selling singles of 18309 to 18366 and got rejected from 18319 to confirm presence of supply and gave a trending move lower for most part of the day replicating what it did the day before as it made new lows for the week at 18051 in the K period and left a responsive buying tail till 18078 to give a bounce back to 18170 into the close before settling down near the dPOC of 18147. Value for the day was overlapping on both ends so we now have a 2-day composite at 18084-18165-18229 which will be the reference for the coming session.
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 Normal Variation Day – Down (NV)
- Largest volume was traded at 18147 F
- Vwap of the session was at 18180 with volumes of 93.6 L and range of 267 points as it made a High-Low of 18318-18051
- 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 18051-18147-18240
HVNs – 17700 / 17751 / 17817 / 18168 / 18480
Business Areas for 25th Oct:
Up
18153 – Weekly HVN
18188 – 2-day composite VWAP (21st-22nd Oct)
18229 – 2-day composite VAH (21st-22nd Oct)
18280 – Higher HVN from 2-day composite
18333 – Weekly VWAP (NeuX)
18385 – PBH (Pull Back High) from 20th Oct
Down
18126 – LVN (Low Volume Node) from 22nd Oct
18078 – Buying Singles from 22nd Oct
18024 – HVN from 11th Oct
17995 – NeuX zone low from 12th Oct
17938 – NeuX VWAP from 12th Oct
17891 – HVN 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: 40396 [ 40582 / 40196 ]
BNF not only opened higher but continued to probe to the upside on Friday completing the important 3 IB objective on the monthly timeframe at 40550 while making a high of 40582 and stalled as it formed a Neutral Centre profile on the daily within a narrow range of just 387 points and even confirmed a FA (Failed Auction) at 40196 with a close near the prominent dPOC of 40371. Value for the day was completely higher but the auction will need to sustain above 40371 to continue higher in the coming session whereas on the downside, today’s FA and the extension handles of 40068 & 39965 will be the important levels to watch.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction (OAIR)
- The Day type was a Neutral Centre Day (NeuC)
- Largest volume was traded at 40371 F
- Vwap of the session was at 40363 with volumes of 40.8 L and range of 387 points as it made a High-Low of 40582-40196
- BNF confirmed a FA at 40196 on 22/10 and the 1 ATR objective on the upside comes to 40700.
- 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 40262-40371-40432
HVNs – 37622 / 37730 / 37874 / 39738
Business Areas for 25th Oct:
Up
40432 – VAH from 22nd Oct
40554 – Selling Singles from 22nd Oct
40700 – 1 ATR objective from FA of 40195
40866 – Daily 1 ATR from yPOC of 40371
40965 – Weekly 1 ATR from HVN of 39738
41055
Down
40371 – Prominent POC from 22nd Oct
40195 – FA (Failed Auction) from 22nd Oct
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)
(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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