Nifty Dec F: 17864 [ 18115 / 17831 ]
NF opened lower and made an attempt to get back into previous day’s range in the A period but was swiftly rejected from 18115 as it left an initiative selling tail & along an extension handle at 18036 in the IB (Initial Balance) after which it left couple of important PBHs at 17994 & 17940 in the G & K TPOs to confirm that the PLR (Path of Least Resistance) is down.
The auction went on to make the final drop to 17831 in the L period closing the gap up open of 31st Oct forming a slow Trend Day Down as it closed at 17864 and could turn from an imbalance to forming a balance in the coming session(s).
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day type was a slow Trend Day – Down (TD)
- Largest volume was traded at 17961 F
- Vwap of the session was at 17969 with volumes of 120.5 L and range of 284 points as it made a High-Low of 18115-17831
- The settlement day Roll Over point (Dec 2022) is 18650
- The VWAP & POC of Nov 2022 Series is 18295 & 18335 respectively.
- The VWAP & POC of Oct 2022 Series is 17350 & 17260 respectively.
- The VWAP & POC of Sep 2022 Series is 17500 & 17643 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 17869-17961-18029
HVNs – 18645 / 18719** / 18760
(** indicates series POC)
Business Areas for 26th Dec 2022:
Up
17876 – HVN from 23 Dec
17940 – PBH from 23 Dec
17969 – vWAP from 23 Dec
17994 – PBH from 23 Dec
18036 – Extension Handle
18096 – Opening HVN
Down
17846 – Buying tail (23 Dec)
17803 – 1 ATR from mFA 18998
17769 – 1 ATR from yPOC
17710 – VPOC from 21 Oct
17653 – Weekly 2 IB
17606 – Buying tail (21 Oct)
(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: 41735 [ 42330/ 41657 ]
BNF also continued the downside imbalance with a big gap down open of 371 points as it negated the 11th Nov FA of 42251 & made a look down below the Nov series VWAP of 42150 while making a low of 42100 in the opening minute and saw a swift bounce to 42330 as it stalled right at PDL (Previous Day Low) showing that the supply was back confirming an A period selling tail till 42156 at the end of the IB (Initial Balance).
The auction then similar to NF played out a slow Trend Day Down staying mostly below VWAP all day and leaving 3 PBHs (Pull Back High) at 42099, 42050 & 41920 as it went on to tag the 10th Nov VPOC of 41830 & made a look down below that day’s Swing Low of 41700 while hitting 41657 where it saw some profit booking & closed the day at 41735 leaving a slow Trend Day Down.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range (OAOR)
- The Day type was a slow Trend Day – Down (TD)
- Largest volume was traded at 42014 F
- Vwap of the session was at 41964 with volumes of 35.7 L and range of 673 points as it made a High-Low of 42330-41657
- The settlement day Roll Over point (Dec 2022) is 43331
- The VWAP & POC of Nov 2022 Series is 42150 & 42959 respectively.
- The VWAP & POC of Oct 2022 Series is 39750 & 38950 respectively.
- The VWAP & POC of Sep 2022 Series is 39910 & 40770 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 41784-42014-42099
HVNs – 42955 / 43295** / 43412
(** indicates series POC)
Business Areas for 26th Dec 2022:
Up
41783 – Weekly IBL
41920 – PBH from 23 Dec
42050 – PBH-2 from 23 Dec
42156 – Selling Tail
42313 – IB singles mid
42410 – Closing PBL (22 Dec)
Down
41733 – Closing HVN (23 Dec)
41648 – Selling Tail (04 Nov)
41490 – VPOC from 04 Nov
41347 – IB singles mid (03 Nov)
41178 – 03 Nov Swing Low
41042 – 2 ATR from yPOC
(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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