Nifty Oct F: 18215 [ 18350 / 18181 ]
NF yet again did not give any follow up to a Neutral Extreme Close of the previous day as it made an OAIR (Open Auction In Range) start in the spike zone taking support just above the yPOC of 18257 in the A period and formed a narrow 70 point range IB (Initial Balance) and began to coil inside it till the D period before it made a RE (Range Extension) to the upside in the E TPO making new highs for the day at 18349 but could not get above the NeuX high of 18350 leaving poor highs indicating lack of demand. The auction continued to form a balance building volumes at 18325 till the ‘K’ period where it made a decisive break below day’s VWAP leaving a SOC (Scene Of Crime) at 18296 and went on to leave a selling extension handle at 18268 confirming a FA (Failed Auction) at highs in the process and continued the imbalance into the close as it made a low of 18181 leaving a second consecutive Neutral Extreme Day but this time to the downside. The extension handle of 18268 & today’s VWAP of 18291 will be the important references on the upside for the coming session as NF remains weak below 18234 for a probe towards 18156 & 17961.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 18325 F
- Vwap of the session was at 18291 with volumes of 77.4 L and range of 169 points as it made a High-Low of 18350-18181
- NF confirmed a FA at 17862 on 12/10 and tagged the 2 ATR objective of 18219 on 14/10. This FA has not been tagged in ‘T+6’ Days and is now strong positional reference..
- The settlement day Roll Over point (October) is 17611
- The VWAP & POC of Sep Series is 17519 & 17365 respectively.
- The VWAP & POC of Aug Series is 16455 & 16255 respectively.
- The VWAP & POC of Jul Series is 15778 & 15820 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 18277-18325-18347
HVNs – 17700 / 17751 / 17817 / 18168 / 18480
Business Areas for 28th Oct:
Up
18235 – Weekly IBH
18268 – Extension Handle from 27th Oct
18325 – dPOC from 27th Oct
18361 – VPOC from 20th Oct
18411 – HVN from 20th Oct
18488 – 2-day composite VPOC (18th-19th Oct)
Down
18201 – Singles from 27th Oct
18156 – 1 ATR Objective from FA of 18350
18075 – PBL (Pull Back Low) from 25th Oct
18011 – Buying Singles from 25th Oct
17986 – Weekly IBL
17938 – NeuX VWAP from 12th 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: 40960 [ 41364 / 40840 ]
BNF also made an OAIR start followed by a very narrow IB (Initial Balance) range of just 234 points as it left a small tail at top from 41338 to 41364 just below the yPOC of 41388 signalling absence of buyers. The auction remained in this range till the K period forming a nice Gaussian Curve for the day with a prominent POC at 41253 but spiked lower into the close as it left an extension handle at 41130 and went on to complete the 2 IB objective of 40896 while making a low of 40840. The zone of 40840 to 40960 will be the reference for the next open where the Spike Rules will be in play.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Down (with a Spike Close)
- Largest volume was traded at 41253 F
- Vwap of the session was at 41143 with volumes of 26 L and range of 524 points as it made a High-Low of 41364-40840
- BNF confirmed a FA at 40196 on 22/10 and tagged the 2 ATR target of 41205 on 25/10. This FA is currently on ‘T+4’ Days.
- The settlement day Roll Over point (October) is 37596
- The VWAP & POC of Sep Series is 37210 & 36633 respectively.
- The VWAP & POC of Aug Series is 35715 & 35616 respectively.
- The VWAP & POC of Jul Series is 35105 & 34804 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 41047-41253-41334
HVNs – 37622 / 37730 / 37874 / 39738
Business Areas for 28th Oct:
Up
40960 – Spike High from 27th Oct
41143 – VWAP from 27th Oct
41253 – Prominent POC from 27th OCt
41388 – VPOC from 26th Oct
41502 – SOC (Scene Of Crime) from 25th Oct
41668 – Selling Singles from 25th Oct
Down
40840 – Spike Low from 27th Oct
40733 – VPOC from 25th Oct
40660 – Buying Singles from 25th Oct
40528 – Singles mid-point from 25th Oct
40371 – Prominent VPOC from 22nd Oct
40195 – FA (Failed Auction) from 22nd 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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