Nifty Nov F: 18286 [ 18358 / 18264 ]
NF opened higher but could not sustain above the 18th Nov VPOC of 18343 triggering a slow probe lower as it tested previous day’s spike zone from 18293 to 18265 and made a typical C side extension to 18285 which stalled the downmove.
The auction then consolidated in a narrow range of just 25 points forming a balance between 18293 to 18318 till the J period before it made an attempt to probe higher and tagged that VPOC of 18343 once again in the L TPO but was swiftly rejected indicating aggressive supply coming back which was successful in pushing it down to make new lows of 18264 in the closing 30 minutes leaving a 3-1-3 profile with completely higher Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction (OA)
- The Day type was a Normal Variation Day – Down (3-1-3 profile)
- Largest volume was traded at 18302 F
- Vwap of the session was at 18306 with volumes of 66.1 L and range of 93 points as it made a High-Low of 18358-18264
- 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 18285-18302-18324
HVNs – 17745 / 18133 / 18193** / 18409
(** indicates series POC)
Business Areas for 24th Nov 2022:
Up
18293 – IBL from 23 Nov
18343 – Selling Tail (23 Nov)
18379 – Selling tail (18 Nov)
18410 – Weekly POC
18442 – VPOC from 17 Nov
18478 – 1 ATR from 18343
Down
18273 – Buying tail (23 Nov)
18241 – VPOC from 22 Nov
18206 – 1 ATR from 18343
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: 42746 [ 42866 / 42552 ]
BNF not only opened above the spike zone of 42476 to 42516 but continued to drive higher in the A period as it made new All Time Highs of 42681 but post this began to contract in an extremely narrow range of just 45 points between the IBH of 42695 & the start of the Buying tail from 42650 till the G TPO.
The auction then made the first RE to the upside in the H period & followed it up with an One Time Frame probe higher till the L TPO where it made a climatic move to 42866 completing the 2 IB target for the day & experienced profit booking to a big extent resulting in a responsive selling tail till 42799 and a probe back to the day’s VWAP of 42705 into the close.
The day’s type is a Normal Variation Up one with completely higher value and the profile resembles as 3-1-3 with tails at both ends so will need to negate one of them for a fresh imbalance move in that direction.
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 Variation Day – Up (3-1-3 profile)
- Largest volume was traded at 42664 F
- Vwap of the session was at 42705 with volumes of 21.2 L and range of 314 points as it made a High-Low of 42866-42552
- 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 42650-42664-42758
HVNs – 41452 / 42292**
(** indicates series POC)
Business Areas for 24th Nov 2022:
Up
42750 – VAH from 23 Nov
42866 – ATH from 23 nov
42934 – Weekly 2 IB
43060 – 2 ATR from 42226
43165 – 1.5 ATR from yPOC
43308 – 2 ATR from 42664
Down
42705 – VWAP from 23 Nov
42614 – Weekly IBH
42516 – Spike High (22 Nov)
42422 – VPOC from 22 Nov
42303 – dPOC from 21 Nov
42203 – VPOC from 14 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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