Nifty Dec F: 18138 [ 18152 / 17969 ]
NF not only opened higher but scaled above 23rd Dec’s high of 18115 as it made an attempt to enter the Value of 22nd but could only tag 18143 and got swiftly rejected resulting in a quick drop of 174 points in the IB (Initial Balance) as it made a low of 17969 in the B period but left a small responsive buying tail.
The auction then made a slow probe higher for the rest of the day leaving an important PBL at 18017 in the H TPO which was also the yPOC triggering a faster move to the upside into the close as it hit marginal new highs for the day at 18152 leaving a Normal Profile. On the bigger timeframe, NF has formed a nice 3-day balance with Value at 17948-18011-18101 and needs to confirm if it is ready to move away from here in the final 2 sessions of this series. (Click here to view the 3-day composite chart on MPLite)
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Rejection Reverse – Down (ORR)
- The Day type was a Normal Day
- Largest volume was traded at 18061 F
- Vwap of the session was at 18075 with volumes of 81.8 L and range of 183 points as it made a High-Low of 18152-17969
- 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 18012-18061-18126
HVNs – 18645 / 18719** / 18760
(** indicates series POC)
Business Areas for 28th Dec 2022:
Up
18140 – Upper HVN (27 Dec)
18168 – VPOC from 22 Dec
18202 – VWAP from 22 Dec
18240 – LVN from 22 Dec
18288 – LVN-2 from 22 Dec
18346 – Weekly 2 IB
Down
18130 – Closing HVN (27 Dec)
18075 – VWAP from 27 Dec
18017 – PBL from 27 Dec
17988 – Buying Singles
17938 – Buying Tail (26 Dec)
17886 – IB singles mid
(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: 42852 [ 42926/ 42373 ]
BNF also opened higher and got into the 22nd Dec A period Selling Tail from 42855 to 43084 but could only manage to tag 42926 getting rejected back into previous day’s range triggering a massive liquidation drop of 503 points in the A period after which it made marginal new lows of 42393 in the B taking support in the zone which saw some good aggressive buying in the previous session.
The auction then turned back to balance staying below VWAP for better part of the day & forming a ‘b’ shape profile before it made an attempt to make a RE lower in the H period but was quickly sent back from marignal new lows of 42373 indicating no fresh supply coming in which got back the buyers back in business and they promptly scaled above VWAP in the J TPO giving a trending move higher to 42914 into the close leaving a Normal Day with overlapping to higher Value & a probable FA at lows which will be the swing reference going forward.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Rejection Reverse – Down (ORR)
- The Day type was a Normal Day
- Largest volume was traded at 42890 F
- Vwap of the session was at 42659 with volumes of 35.5 L and range of 554 points as it made a High-Low of 42926-42373
- 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 42565-42890-42926
HVNs – 42955 / 43295** / 43412
(** indicates series POC)
Business Areas for 28th Dec 2022:
Up
42890 – dPOC from 27 Dec
42969 – IB singles mid
43050 – Monthly IBL
43131 – Trend Day VWAP
43243 – Anamoly (21 Dec)
43361 – Extension Handle
Down
42840 – LVN from 27 Dec
42768 – HVN from 27 Dec
42659 – VWAP from 27 Dec
42538 – PBL from 27 Dec
42444 – B & H TPO RB POC
42364 – 2nd Ext Handle
(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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