Nifty Dec F: 18027 [ 18106 / 17835 ]
NF opened with a test of the responsive buying tail of previous session & did not find any fresh supply as it made a low of 17835 and raced higher forming a 159 point range IB (Initial Balance) scaling above the yVWAP of 17969 while making a high of 17995 leaving an initiative buying tail from 17952 to 17835.
The auction then made a C side PBL at 17938 testing the A period singles & getting rejected giving way to a slow probe higher for most part of the day as it made multiple but small REs till the I period where it tagged the selling extension handle of 18036 and went on to make the biggest RE of the day in the K TPO and followed it up with new highs for the day at 18106 in the L but as expected met with aggressive supply in this zone triggering a quick liquidation drop down to the day’s VWAP of 17995 before closing the day around the dPOC of 18019 forming an Inside Bar in terms of range and mostly overlapping Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range + Drive (OAIR + D)
- The Day type was a Normal Variation Day – Up (Inside Bar)
- Largest volume was traded at 18019 F
- Vwap of the session was at 17995 with volumes of 85 L and range of 270 points as it made a High-Low of 18106-17835
- The settlement day Roll Over point (Dec 2022) is 18650
- The VWAP & POC of Nov 2022 Series is 18295 & 18335 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 17933-18019-18043
HVNs – 18645 / 18719** / 18760
(** indicates series POC)
Business Areas for 27th Dec 2022:
Up
18044 – SOC from 26 Dec
18091 – Selling tail
18136 – IB singles mid
18168 – VPOC from 22 Dec
18202 – VWAP from 22 Dec
18240 – LVN from 22 Dec
Down
18019 – dPOC from 26 Dec
17982 – PBL from 26 Dec
17938 – Buying Tail
17886 – IB singles mid
17846 – Buying tail (23 Dec)
17803 – 1 ATR from mFA 18998
(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: 42654 [ 42845/ 41640 ]
BNF opened with a look down below PDL as it made new lows for the series at 41640 but was swiftly rejected confirming an ORR (Open Rejection Reverse) to the upside and continued to attract initiative buying as could be seen in the long A period tail from 42088 to 41640 which in turn enable it to form the largest IB range of the December series of 586 points.
The auction then consolidated for a couple of periods before resuming the upside imbalance with an extension handle at 42226 in the E TPO and followed it up with 3 more at 42364, 42435 & 42490 in the I, J & K periods where it made a high of 42845 completing the 2 IB objective for the day but stalling just below the Selling Tail of 22nd Dec. This resulted in some big profit booking and a drop down to 42543 in the M TPO leaving an elongated Trend Day Up of 1205 points engulfing the last 2 days Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Rejection Reverse – Up (ORR)
- The Day type was a Trend Day – Up (TD)
- Largest volume was traded at 42152 F
- Vwap of the session was at 42325 with volumes of 39 L and range of 1205 points as it made a High-Low of 42845-41640
- The settlement day Roll Over point (Dec 2022) is 43331
- The VWAP & POC of Nov 2022 Series is 42150 & 42959 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 42052-42152-42665
HVNs – 42955 / 43295** / 43412
(** indicates series POC)
Business Areas for 27th Dec 2022:
Up
42669 – LVN from 26 dec
42760 – Upper HVN
42855 – Selling Tail
42969 – IB singles mid
43050 – Monthly IBL
43131 – Trend Day VWAP
43243 – Anamoly (21 Dec)
Down
42642 – Closing HVN (26 Dec)
42542 – Mid-profile singles
42435 – 3rd Ext Handle
42364 – 2nd Ext Handle
42226 – First Ext Handle
42152 – dPOC
42088 – Buying Tail
(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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