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.
- 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.
- 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.
- 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
- 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 )
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