Nifty Nov F: 17789 [ 17850 / 17708 ]
NF opened with a gap up of 122 points but settled down into an OAOR (Open Auction Out of Range) as it failed to find fresh demand at the new highs & left a small initiative selling tail from 17826 to 17850 and made a slow probe lower for most part of the day forming a ‘b’ shape profile with a low of 17708 in the K period but a late short covering squeeze saw the auction give a bounce back to 17812 into the close with the dPOC also shifting higher to 17808 leaving a Normal Variation Day with completely higher Value.
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 (NV)
- Largest volume was traded at 17808 F
- Vwap of the session was at 17774 with volumes of 113.8 L and range of 142 points as it made a High-Low of 17850-17708
- The settlement day Roll Over point (Nov 2022) is 17800
- The VWAP & POC of Oct 2022 Series is 17300 & 17258 respectively.
- The VWAP & POC of Sep 2022 Series is 17500 & 17643 respectively.
- The VWAP & POC of Aug 2022 Series is 17530 & 17530 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 17754-17808-17821
HVNs – 17745
(** indicates series POC)
Business Areas for 28th Oct 2022:
Up
17808 – dPOC from 27 Oct
17850 – Selling tail (22 Sep)
17909 – PBH from 21 Sep
17940 – Selling tail (21 Sep)
17988 – SOC from 20 Sep
18040 – 1 ATR from 17533
Down
17774 – VWAP from 27 Oct
17722 – Weekly VAL
17681 – Buying tail (25 Oct)
17633 – NeuX VWAP (21 Oct)
17588 – HVN from 20 Oct
17533 – Weekly FA
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Nov F: 41483 [ 41660 / 41370 ]
BNF continued its upward march with another big gap up open of 379 points but settled down into an OAOR and left similar highs of 41642 & 41660 in the narrow IB (Initial Balance) of just 188 points indicating that the upside was limited.
The auction got back into previous day’s Value making multiple REs but could only manage to complete the 1.5 IB objective of 41379 while making a low of 41370 stalling just above previous day’s POC of 41344 giving a close around the prominent TPO POC of 41472 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 (NV)
- Largest volume was traded at 41513 F
- Vwap of the session was at 41494 with volumes of 25.4 L and range of 290 points as it made a High-Low of 41660-41370
- The settlement day Roll Over point (Nov 2022) is 41510
- The VWAP & POC of Oct 2022 Series is 39571 & 38950 respectively.
- The VWAP & POC of Sep 2022 Series is 39910 & 40770 respectively.
- The VWAP & POC of Aug 2022 Series is 38530 & 38320 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 41410-41513-41526
HVNs – 41460
(** indicates series POC)
Business Areas for 28th Oct 2022:
Up
41513 – dPOC from 27 Oct
41642 – Selling tail (27 Oct)
41740 – Selling tail (21 Sep)
41850 – 21 Sep High
41980 – PBH from 20 Sep
42097 – Selling tail mid-point
Down
41472 – TPO HVN (27 Oct)
41344 – VPOC from 25 Oct
41210 – 25 Oct spike low
41137 – 21 Oct selling tail
40988 – VPOC from 21 Oct
40895 – VWAP from 21 Oct
(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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