Nifty Nov F: 17408 [ 17605 / 17360 ]
NF opened higher & left a small but important buying tail in the IB (Initial Balance) from 17507 to 17495 indicating demand coming at yPOC as it almost tagged the first objective and the extension handle of 17572 and followed it up with couple of REs (Range Extension) to the upside in the C & D periods hit a high of 17598 but signalled the stop of the OTF (One Time Frame) probe in the E period where the auction made a dip below the day’s VWAP but left a PBL at 17541 after which it managed to stay above VWAP and even made couple of fresh RE attempts in the H & I TPOs but could only make marginal as well as similar new highs of 17605 confirming buyer exhaustion. This coupled with the fact that NF was unable to even complete the 1.5 IB objective inspite of staying above the IBH for good amount of time meant that the sellers from the higher extension handle of 17636 were still active and this led to a big liquidation move from the J period onwards right into the close not only resulting in new lows for the day but almost completed the 3 IB objective to the downside as it hit 17360 leaving a Neutral Extreme (NeuX) Down Day and the NeuX zone on watch for the next session would be from 17360 to 17415. Today’s extension handles of 17466 & 17495 along with VWAP of 17522 would be major hurdles now in any bounce happening whereas yesterdays PBL of 17350 & this week’s buying tail from 17301 to 17250 woud be the levels to watch on the downside.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction (OA)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 17565 F
- Vwap of the session was at 17522 with volumes of 84.4 L and range of 245 points as it made a High-Low of 17605-17360
- 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 17496-17565-17598
HVNs – 17772 / 17856 / 17916 / 17952 / 18132 / 18354
Business Areas for 25th Nov:
Up
17415 – NeuX zone high from 24th Nov
17466 – Extension Handle from 24th Nov
17495 – Extension Handle from 24th Nov
17522 – NeuX VWAP from 24th Nov
17565 – dPOC from 24th Nov
17605 – PDH
17636 – Higher extension handle from 22nd Nov
17702 – Selling Singles from 22nd Nov
Down
17385 – Closing 5min high
17350 – Buying singles from 23rd Nov
17301 – Monthly 2 IB objective
17267 – Previous Week Range target
17225 – PBL from 02nd Sep
17169 – Buying Singles from 02nd Sep
17122 – Extension Handle from 31st Aug
17092 – Trend Day VWAP 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: 37465 [ 37895 / 37239 ]
BNF opened the day with an initiative move away from the 2-day overlapping POC of 37270 as it left a buying tail in the IB from 37364 to 37239 and trended higher for the first half of the day making higher highs till the H period where it tagged 37895 testing the selling singles from 22nd Nov of 37849 to 38214 while hitting 37895 which not only marked the end of the upmove but saw swift rejection from the weekly VAL of 37888 too which triggered a complete pull back of the day’s rise as the auction went on to make a low of 37366 into the close before settling down at the dPOC of 37471 which will be the immediate reference for the next open. We have couple of SOCs (Scene Of Crime) today at 37640 & 37748 along with a HVN at 37822 which will be the levels to watch on the upside whereas the opening 2-day POC of this week at 37270 remains the important support on the downside.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction (OA)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 37471 F
- Vwap of the session was at 37621 with volumes of 37.3 L and range of 656 points as it made a High-Low of 37895-37239
- 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 37362-37471-37725
HVNs – 38844 / 39102 / 39531 / 39757 / 40080 / 40750
Business Areas for 25th Nov:
Up
37471 – dPOC from 24th Nov
37640 – SOC from 24th Nov
37822 – HVN from 24th Nov
37980 – LVN from 18th Nov
38093 – dPOC from 18th Nov
38241 – Selling Singles from 18th Nov
38383 – PBH from 17th Nov
Down
37364 – Buying Singles from 24th Nov
37268 – dPOC from 23rd Nov
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
(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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