Nifty Dec F: 18646 [ 18668 / 18581 ]
As expected, the Trend Day imbalance of previous session led to a balance in NF as it formed a Neutral Day and a Gaussian Curve with completely higher Value & a prominent POC at 18619 with a FA at lows of 18581 which will be in play if the auction stays above 18650 in the coming day(s).
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range (OAIR)
- The Day type was a Neutral Day (Gaussian Curve)
- Largest volume was traded at 18619 F
- Vwap of the session was at 18622 with volumes of 62.9 L and range of 87 points as it made a High-Low of 18668-18581
- NF confirmed a FA at 18581 on 25/11 but needs to sustain above 18651 for the 1 ATR objective of 18726.
- The settlement day Roll Over point (Dec 2022) is 18650
- The VWAP & POC of Nov 2022 Series is 18220 & 18336 respectively.
- The VWAP & POC of Oct 2022 Series is 17350 & 17260 respectively.
- The VWAP & POC of Sep 2022 Series is 17500 & 17643 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 18590-18619-18637
HVNs – 18645
(** indicates series POC)
Business Areas for 28th Nov 2022:
Up
18651 – IBH from 25 Nov
18700 – 1.5 Weekly IB
18739 – Weekly 2 IB target
18782 – 1 ATR from 18642
18818 – 3 IB Weekly objective
18870 – 2 ATR from 18581
Down
18642 – HVN from 25 Nov
18590 – Buying tail (25 Nov)
18553 – Extension Handle (24 Nov)
18513 – VPOC from 24 Nov
18451 – IB singles mid
18411 – VPOC from 23 Nov
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Dec F: 43291 [ 43566 / 43140 ]
BNF made yet another strong start after opening at 43340 as it jumped by more than 220 points but for the first time in 3 session broke VWAP in the B period and left an initiative selling tail from 43472 to 43566 in the IB indicating that the longs were booking profits & some supply was coming back.
The auction then made multiple REs (Range Extension) lower and tagged the yPOC of 43168 while making a low of 43140 in the K period where it left a small responsive buying tail and gave a small bounce to close right at the dPOC of 43287 leaving a Normal Variation Day down with overlapping to higher Value filling up previous day’s spike zone.
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 – Down (NV)
- Largest volume was traded at 43287 F
- Vwap of the session was at 43321 with volumes of 29.1 L and range of 426 points as it made a High-Low of 43566-43140
- The settlement day Roll Over point (Dec 2022) is 43331
- The VWAP & POC of Nov 2022 Series is 42018 & 41376 respectively.
- The VWAP & POC of Oct 2022 Series is 39750 & 38950 respectively.
- The VWAP & POC of Sep 2022 Series is 39910 & 40770 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 43190-43287-43385
HVNs – 42955
(** indicates series POC)
Business Areas for 28th Nov 2022:
Up
43344 – PBH from 25 Nov
43472 – Selling Tail (25 Nov)
43598 – 1 ATR from 43287
43754 – 1.5 Weekly IB
43909 – 2 ATR from yPOC
44068 – Previous week range
Down
43287 – dPOC from 25 Nov
43190 – Buying tail (25 Nov)
43090 – Daily Extension Handle
42932 – VWAP from 23 Nov
42814 – IB singles mid
42686 – Extension Handle (22 Nov)
42522 – VPOC from 21 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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