Nifty Dec F: 17589 [ 17619 / 17382 ]
NF once again failed to give a follow through to a Neutral Extreme (NeuX) profile as it could not sustain below PDL (Previous Day Low) in the IB (Inital Balance) where it left similar lows of 17387 & 17382 after which it probed higher leaving an extension handle at 17478 in the D period and scaled above the NeuX VWAP of 17564 to hit 17594 in the G TPO completing the 2 IB objective for the day post which it gave a retracement to the day’s VWAP leaving a PBL (Pull Back Low) at 17492 before resuming the upmove and tagging the yPOC of 17603 while making a high of 17619 in the L period marking the end of the upside lesding to a close just above the dPOC of 17581 leaving a Double Distribution type profile for the day with mostly overlapping Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction (OA)
- The Day type was a Normal Variation Day – Up + DD profile
- Largest volume was traded at 17581 F
- Vwap of the session was at 17533 with volumes of 82.8 L and range of 237 points as it made a High-Low of 17619-17382
- The settlement day Roll Over point (December) is 17600
- The VWAP & POC of Nov Series is 17800 & 17961 respectively.
- The VWAP & POC of Oct Series is 18036 & 18155 respectively.
- The VWAP & POC of Sep Series is 17519 & 17365 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 17519-17581-17610
HVNs – 17533
Business Areas for 26th Nov:
Up
17601 – Current Week POC / RO Point
17640 – Poor Highs from 24th Nov
17690 – Extension Handle from 22nd Nov
17758 – Selling singles from 22nd Nov
17809 – Singles mid-point
17837 – POC from 18th Nov
17879 – VAH from 18th Nov
Down
17581 – dPOC from 25th Nov
17533 – DD VWAP from 25th Nov
17478 – Extension Handle from 25th Nov
17430 – HVN of lower distribution
17381 – PDL + Buying Singles from 23rd Nov
17350 – Singles mid-point
17301 – Current week’s low
(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: 37535 [ 37687 / 37275 ]
BNF continued the unfinished move to the downside from previous day’s auction as it not only negated the buying singles but made lower lows of 37320 in the IB after which it made the typical C side extension lower which got swiftly rejected and even led to the confirmation of a FA (Failed Auction) at 37275 as the auction made a big RE (Range Extension) to the upside in the E period but could not extend any further which led to a test of the day’s VWAP and the confirmation of a PBL at 37353 in the H period. BNF made another attempt to probe higher but could only manage marginal new highs of 37687 before closing the day around the POC of 37529 leaving a Neutral Centre Day with completely lower Value & has small tails at both ends of the profile. .
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction (OA)
- The Day type was a Neutral Centre Day (NeuC)
- Largest volume was traded at 37529 F
- Vwap of the session was at 37487 with volumes of 26.1 L and range of 412 points as it made a High-Low of 37687-37275
- BNF confirmed a FA at 37275 on 25/11 but needs to stay above 37545 for the 1 ATR objective on the upside of 37919.
- The settlement day Roll Over point (December) is 37555
- The VWAP & POC of Nov Series is 38548 & 39404 respectively.
- The VWAP & POC of Oct Series is 39368 & 41157 respectively.
- The VWAP & POC of Sep Series is 37210 & 36633 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 37400-37529-37597
HVNs – 37750
Business Areas for 26th Nov:
Up
37545 – IBH from 25th Nov
37636 – Selling tail from 25th Nov
37746 – VWAP from 24th Nov
37919 – 1 ATR from FA of 37275
38027 – Selling Singles from 22nd Nov
38195 – VWAP from 18th Nov
38405 – Selling Singles from 18th Nov
Down
37487 – NeuC VWAP from 25th Nov
37353 – PBL (Pull Back Low) from 25th Nov
37216 – PBL from 23rd Nov
37110 – Buying Singles from 23rd Npv
36977 – Singles mid-point
36840 – Current week’s low
36633 – Monthly VPOC + 1 ATR down from FA
(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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