Skip to main content
  • 9284331270
  • support@vtrender.com
  • Log In
Vtrender
  • 9284331270
  • support@vtrender.com
  • Log In
  • Home
  • Features
  • Forum
  • Pricing
  • The Vtrender Trading Room Mentorship Program
  • Training Library
  • About Us
  • Market Profile Charts
  • MarketProfile Ecourse
  • Home
  • Features
  • Forum
  • Pricing
  • The Vtrender Trading Room Mentorship Program
  • Training Library
  • About Us
  • Market Profile Charts
  • MarketProfile Ecourse

Market Profile Analysis dated 23rd November 2021

November 23, 2021November 23, 2021 UG Blog

Nifty Nov F: 17495 [ 17550 / 17250 ]

NF continued the previous day’s imbalance to the downside at open as it made new lows of 17250 in the opening minutes but was swiftly rejected back confirming an ORR (Open Rejection Reverse) start and left a long initiative buying tail from 17350 to 17250 in the IB (Initial Balance) where it made a high of 17441 and went on to make multiple REs (Range Extension) to the upside scaling above the important reference of 17522 while making a high of 17550 before closing the day just below the dPOC of 17507 leaving a ‘p’ shape profile with completely inside Value. Today’s VWAP of 17436 along with the start of the buying singles from 17350 will be the important levels to watch on the downside in the coming session(s) whereas the auction would need to stay above today’s POC for a test of the Trend Day extension handles of 17572 & 17636 on the upside.

Click here to view the latest profile in NF on MPLite

  • The NF Open was a Open Rejection Reverse – Up (ORR)
  • The Day type was a Normal Variation Day – Up (NV)
  • Largest volume was traded at 17507 F
  • Vwap of the session was at 17437 with volumes of 96.4 L and range of 300 points as it made a High-Low of 17550-17250
  • 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 17397-17507-17547

HVNs – 17772 / 17856 / 17916 / 17952 / 18132 / 18354

Business Areas for 24th Nov:

Up
17507 – dPOC from 23rd Nov
17547 – VAH from 23rd 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
17854 – PBH from 18th Nov

Down
17471 – PBL from 23rd Nov
17436 – VWAP from 23rd Nov
17350 – Buying singles from 23rd Nov
17301 – Monthly 2 IB objective
17225 – PBL from 02nd Sep
17169 – Buying Singles from 02nd Sep
17122 – Extension Handle 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:  37284 [ 37475 / 36682 ]

BNF opened with a big gap down of 260 points as it tested previous day’s responsive buying singles and made a similar low of 36682 and was once again swiftly rejected confirming initiative buying coming in this zone as it left a tail in the IB from 37070 to 36682 but stalled at the yPOC of 37271 which gave a retracement and a break below the day’s VWAP in the E period where the auction left a PBL (Pull Back Low) at 37059 confriming that the PLR (Path of Least Resistance) was still to the upside. The F TPO made the first RE higher tagging the higher extension handle of 37355 and followed it up with another one in the K period where BNF made a high of 37475 but got rejected from previous day’s HVN of 37435 leaving a small responsive selling tail at the top as it came down to close around the 2-day overlapping POC of 37270. Both range & value were inside today with tails at either sides so need to give an initiative move away from here for a fresh imbalance in the coming session(s).

Click here to view the latest profile in BNF on MPLite

  • The BNF Open was a Open Rejection Reverse – Up (ORR)
  • The Day type was a Normal Day (Inside Bar)
  • Largest volume was traded at 37268 F
  • Vwap of the session was at 37166 with volumes of 35.4 L and range of 793 points as it made a High-Low of 37475-36682
  • 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 37060-37268-37361

HVNs – 38844 / 39102 / 39531 / 39757 / 40080 / 40750

Business Areas for 24th Nov:

Up
37361 – VAH from 23rd 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
38383 – PBH from 17th Nov

Down
37270 – 2-day overlapping POC
37059 – PBL from 23rd Nov
36946 – Buying Singles from 23rd Nov
36814 – Singles mid-point from 23rd 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 )

For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.

If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive

Related

BankNifty Futures charts day trading intraday trading intraday trading strategies market profile Market Profile Trading Strategies Nifty Futures order flow analysis support and resistance technical analysis Trading strategies volume profile trading

Post navigation

Market Profile Analysis dated 22nd November 2021
Market Profile Analysis dated 24th November 2021

Most Read Post

  • Nifty 50 Monthly and Annual returns (1991-2022) updated 30th DEC 2022
  • Example Video- Mentoring room support in market hours
  • What happened at 18165 F today
  • Mid Month report
  • Making sense Sept 2022
  • Making sense Aug 2022
  • A look at Market Structure ahead of the new October series
  • Launching- Overnights
  • Making sense- June July 2022
  • Testimonials
  • Making sense May 2022- Orderflow edition.
  • Making sense April 2022
  • Making sense Feb 22 and March 22
  • Making sense Jan 2022 edition
  • Of our working process through 2021 – with MarketProfile and Orderflow
  • Performance Of The Trading Room In Sept, Oct , Nov Series ( consolidated post)
  • Performance of the Trading Room in August series
  • Performance of the Trading Room in July Series
  • Make TIME your friend in the markets
  • 3 new videos in the Training Library
  • Performance of the Trading Room in the June 2021 series
  • The May 2021 series
  • StressFree trading with #Orderflow
  • We thought you should know April 2021 series
  • We thought you should know March 2021 Series
  • We thought you should know about Feb 2021
  • We thought you should know ! Jan 2021
  • Performance update of MarketProfile strategies used in the Vtrender Trading Room
  • Performance report of MarketProfile and Orderflow (up 32% again) trading strategies used in the Vtrender Trading Room
  • Performance report in Oct (up 32%) based on MarketProfile and Orderflow strategies
  • Performance record in Sept on MarketProfile and Orderflow strategies
  • Performance record in Aug on MarketProfile and Orderflow strategies
  • Training Library refurbished with new strategies
  • Give a man a fish…
  • MarketProfile Performance report in July 2020
  • AMA on 23rd June in the VTR
  • Our Performance with MarketProfile, and the awesome COT
  • The 4 stages of a Trader’s Life. Which one are you in?
  • Vtrender Workshop – Some QnA
  • What is exactly the Orderflow?
  • Data drives everything
  • Volume Spikes – How to exploit them
  • Market Profile The evolution
  • Random Musings on Market Profile
  • Order Flow Analysis – Strategies used to trade
  • How a Market Profile chart gives an edge to trade
  • Level 1- Market Profile Essentials
  • Market profile Trading strategies – Open Outside Ranges
  • Why I trust an OrderFlow chart…
  • Risk Management on Calls
  • OrderFlow Knowledge Base
  • Trading room charts explained
  • IB Extension Set Up- The C Side
  • Vix – Nifty Range Explained
  • Nifty Daily Stats ( IB Breakouts)
  • Nifty – MarketProfile trading strategies- The IB
  • Nifty daily stats ( 1 )
  • Spike Rules
  • Of Failed Auctions and revisits ( FA )
  • Steidlmayer Distribution
  • Market Profile-Day types

Archives

  • February 2023 (11)
  • January 2023 (109)
  • December 2022 (36)
  • November 2022 (32)
  • October 2022 (36)
  • September 2022 (41)
  • August 2022 (38)
  • July 2022 (40)
  • June 2022 (41)
  • May 2022 (39)
  • April 2022 (32)
  • March 2022 (34)
  • February 2022 (32)
  • January 2022 (36)
  • December 2021 (38)
  • November 2021 (31)
  • October 2021 (32)
  • September 2021 (35)
  • August 2021 (31)
  • July 2021 (37)
  • June 2021 (35)
  • May 2021 (79)
  • April 2021 (111)
  • March 2021 (55)
  • February 2021 (51)
  • January 2021 (54)
  • December 2020 (55)
  • November 2020 (52)
  • October 2020 (57)
  • September 2020 (77)
  • August 2020 (117)
  • July 2020 (95)
  • June 2020 (117)
  • May 2020 (104)
  • April 2020 (94)
  • March 2020 (111)
  • February 2020 (102)
  • January 2020 (116)
  • December 2019 (67)
  • November 2019 (64)
  • October 2019 (60)
  • September 2019 (69)
  • August 2019 (65)
  • July 2019 (73)
  • June 2019 (64)
  • May 2019 (83)
  • April 2019 (80)
  • March 2019 (83)
  • February 2019 (84)
  • January 2019 (95)
  • December 2018 (78)
  • November 2018 (75)
  • October 2018 (85)
  • September 2018 (65)
  • August 2018 (65)
  • July 2018 (76)
  • June 2018 (87)
  • May 2018 (85)
  • April 2018 (72)
  • January 2018 (4)
  • March 2016 (33)
  • February 2016 (90)
  • January 2016 (92)
  • December 2015 (50)
  • November 2015 (75)
  • October 2015 (87)
  • September 2015 (88)
  • August 2015 (89)
  • July 2015 (91)
  • June 2015 (83)
  • May 2015 (49)
  • April 2015 (42)
  • March 2015 (47)
  • February 2015 (41)
  • January 2015 (42)
  • December 2014 (44)
  • November 2014 (35)
  • October 2014 (35)
  • September 2014 (47)
  • August 2014 (31)
  • July 2014 (36)
  • June 2014 (23)
  • May 2014 (21)
  • April 2014 (21)
  • March 2014 (43)
  • February 2014 (40)
  • January 2014 (14)
  • December 2013 (1)
  • November 2013 (8)
  • October 2013 (8)
  • September 2013 (10)
  • August 2013 (11)
  • July 2013 (4)
  • June 2013 (4)
  • May 2013 (22)
  • April 2013 (30)
  • March 2013 (15)
  • February 2013 (20)
  • January 2013 (20)
  • December 2012 (13)
  • November 2012 (13)
  • October 2012 (33)
  • September 2012 (16)
  • August 2012 (11)
  • July 2012 (35)
  • June 2012 (56)
  • May 2012 (57)
  • April 2012 (34)
  • March 2012 (42)
  • February 2012 (27)
  • January 2012 (24)
  • December 2011 (36)
  • November 2011 (50)
  • October 2011 (34)
  • September 2011 (45)
  • August 2011 (60)
  • July 2011 (60)
  • June 2011 (47)
  • May 2011 (56)
  • April 2011 (47)
  • March 2011 (61)
  • February 2011 (62)
  • January 2011 (77)
  • December 2010 (37)
  • November 2010 (68)
  • October 2010 (75)
  • September 2010 (56)
  • August 2010 (44)
  • July 2010 (32)
  • June 2010 (32)
  • May 2010 (45)
  • April 2010 (14)
  • March 2010 (22)
  • February 2010 (12)
  • January 2010 (12)

About Us

The Vtrender Trading room specializes in Nifty and Bank Nifty future. We have charts Of Market Profile and Order Flow Charts + Live analysis + Live commentary + live trades.

We apply he concepts of Market Profile and the Order Flow to the NO and the Bank Nifty.

Explore

  • About Us
  • Forum
  • Pricing
  • The Vtrender Trading Room Mentorship Program
  • Features
  • Training Library

Forum

  • Market Profile Analysis & Weekly Settlement Report dated 02nd Feb 2023 February 2, 2023
  • Participantwise net Open Interest and net equity investments – 2nd FEB 2023 February 2, 2023

Address

  • 9511921975
  • support@vtrender.com

Copyright @ 2009 - 2021 Vtrender Inc. All Rights Reserved.

whatsapp whatsapp