Nifty Dec F: 18626 [ 18659 / 18413 ]
NF started with an initiative move away from just above the yPOC of 18411 as it left an A period buying tail from 18480 to 18413 and formed a slow Trend Day up till the K period before giving a huge spike from 18555 to 18659 into the close as it made new ATHs signalling a start of a fresh imbalance with today’s VWAP of 18535 being the positional reference as the December 2022 series begins.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Test Drive – Up (OTD)
- The Day type was a Trend Day – Up (TD)
- Largest volume was traded at 18513 F
- Vwap of the session was at 18535 with volumes of 95 L and range of 247 points as it made a High-Low of 18659-18413
- 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 18434-18513-18575
BankNifty Dec F: 43284 [ 43355 / 42979 ]
BNF continued the imbalance it had started the previous day negating the responsive selling tail with another long A period buying one from 43149 to 42979 but the inventory seemed to have gotten too long which led to a balance being formed for most part of the day as it made a pull back to 43108 in the I TPO and was forming a ‘p’ shape profile for the day biulding volumes at 43158 before giving a spike into the close from 43264 to 43355 which would be the zone to watch in the next open.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Drive – Up (OD)
- The Day type was a Normal Variation Day – Up (‘p’ profile with a Spike close)
- Largest volume was traded at 43158 F
- 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.
24.2 L and range of 375 points as it made a High-Low of 43355-42979
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 43108-43158-43250
(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
