Nifty Oct F: 17655 [ 17790 / 17642 ]
NF opened with a big 208 point gap up and made a high of 17790 stalling just below the 21st Sep VPOC of 17808 as it left a small selling tail till 17774 in the IB and went on to make a good C side extension to 17695 which was followed by 4 more REs lower till the H period but could only manage 17649 indicating that the sellers was not very aggressive.
The auction then gave a bounce back to the day’s VWAP and confirmed a PBH at 17717 in the K TPO signalling that the weak hands were filtered as the sellers regained the control and were scuccesful in hitting new lows for the day at 17642 into the close leaving a ‘b’ shape long liquidation profile which also has an invisible buying tail from 17643 to 17564 on the downside.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 17687 F
- Vwap of the session was at 17705 with volumes of 78.7 L and range of 147 points as it made a High-Low of 17790-17642
- The settlement day Roll Over point (Oct 2022) is 16837
- The VWAP & POC of Sep 2022 Series is 17500 & 17643 respectively.
- The VWAP & POC of Aug 2022 Series is 17530 & 17530 respectively.
- The VWAP & POC of Jul 2022 Series is 16556 & 15976 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 17644-17687-17722
HVNs – 16980 / 17100 / 17280**
(** indicates series POC)
Business Areas for 27th Oct 2022:
Up
17665 – Weekly IBH
17717 – PBH from 25 Oct
17774 – Selling Tail (25 Oct)
17808 – VWAP from 21 Sep
17850 – PBH from 21 Sep
17895 – 2 ATR from 17481
Down
17643 – Buying tail (25 Oct)
17603 – Singles mid-point
17552 – LVN from 21 Oct
17507 – Buying tail (21 oct)
17481 – VPOC from 20 Oct
17440 – PBL from 20 Oct
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Oct F: 41111 [ 41540 / 41035 ]
BNF also opened with a huge gap up of 682 points right at the 21st Sep PBH (Pull Back High) of 41535 and left an important selling tail in the IB till 41376 indicating that the upside was getting limited as it made a low of 41144 and remained mostly in the IB forming a ‘b’ shape profile for the day after it made a failed attempt to extend lower in the D & E periods but could only manage similar lows of 41115 & 41114.
The failure of sellers to make a meaningful extension resulted in a probe above VWAP in the J TPO as the auction tested the A period tail but was swiftly rejected leaving a PBH at 41378 in the K period triggering a strong liquidation drop into the close which ended in a spike from 41114 to 41035 which will be the reference for the next open.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile with Spike Close)
- Largest volume was traded at 41195 F
- Vwap of the session was at 41221 with volumes of 28.5 L and range of 504 points as it made a High-Low of 41540-41035
- The settlement day Roll Over point (Oct 2022) is 37890
- The VWAP & POC of Sep 2022 Series is 39910 & 40770 respectively.
- The VWAP & POC of Aug 2022 Series is 38530 & 38320 respectively.
- The VWAP & POC of Jul 2022 Series is 35427 & 35099 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 41120-41195-41316
HVNs – 38372 / 39050** / 39176
(** indicates series POC)
Business Areas for 27th Oct 2022:
Up
41114 – Spike high (25 Oct)
41221 – VWAP from 25 Oct
41378 – Selling Tail (25 Oct)
41535 – PBH from 21 Sep
41687 – POC from 20 Sep
41795 – HVN from 20 Sep
Down
41084 – Buying tail (25 Oct)
40936 – Singles Mid-point
40831 – VPOC from 21 Oct
40719 – VWAP from 21 Oct
40583 – Extension Handle
40455 – Singles mid-point
(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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