Nifty Dec F: 17052 [ 17428 / 17015 ]
NF opened with a big gap down and followed it up with an Open Drive Down as it left a long initiative selling tail from 17361 to 17589 along with three extension handles at 17302 / 17253 & 17091 forming a Trend Day Down with a huge range of 413 points while making a low of 17015. The immediate extension handle of 17091 along with today’s VWAP of 17207 would be the important references on the upside as the new series starts to shape up.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Drive – Down (OD)
- The Day type was a Trend Day – Down (TD)
- Largest volume was traded at 17173 F
- Vwap of the session was at 17207 with volumes of 144 L and range of 413 points as it made a High-Low of 17428-17015
- 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 17073-17173-17334
HVNs – 17533
Business Areas for 29th Nov:
Up
17077 / 17124 / 17164 / 17216 / 17288 / 17361
Down
17044 / 16988 / 16942 / 16902 / 16858 / 16806 / 16743
(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: 36158 [ 37094 / 36025 ]
BNF not only opened with a big gap down of almost 500 points but continued to drive lower as it left an initiative tail from 36905 to 37535 and left couple of extension handles at 36777 & 36625 to form the second Trend Day Down for the week as it droped by 1000+ points while making a low of 36025 into the close. The immediate PBH of 36447 along with today’s VWAP of 36518 would be the important references on the upside for the new series.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Drive – Down (OD)
- The Day type was a Trend Day – Down (TD)
- Largest volume was traded at 36458 F
- Vwap of the session was at 36518 with volumes of 48.1 L and range of 1069 points as it made a High-Low of 37094-36025
- 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. This FA got negated with a gap down open on 26/11 where the 1 ATR target of 36631 to the downside was hit and the 2 ATR objective down is at 35987.
- 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 36025-36458-36683
HVNs – 37750
Business Areas for 29th Nov:
Up
to be updated…
Down
to be updated…
(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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