Nifty Nov F: 17830 [ 17887 / 17773 ]
NF made an OAIR (Open Auction In Range) start after 8 sessions and seemed to give a move away from previous Value with an A period buying tail from 17824 to 17781 but made similar highs of 17878 & 17880 in the IB hinting that the auction had gotten too long & a typical C side extension to 17887 gave more confirmation of this triggering an OTF (One Time Frame) probe lower till the J period as it not only negated the morning singles but went on to make marginal new lows for the day at 17773 testing previous day’s VWAP and was swiftly rejected resulting in a bounce back to the day’s POC of 17835 into the close leaving a Neutral Centre profile with overlapping to higher Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range (OAIR)
- The Day type was a Neutral Day (3-1-3 profile)
- Largest volume was traded at 17835 F
- Vwap of the session was at 17829 with volumes of 81 L and range of 114 points as it made a High-Low of 17887-17773
- 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 17800-17835-17853
HVNs – 17745
(** indicates series POC)
Business Areas for 31st Oct 2022:
Up
17835 – dPOC from 28 Oct
17880 – Selling tail (28 Oct)
17948 – 1 ATR from 17773
17988 – SOC from 20 Sep
18040 – 1 ATR (W) from 17533
18090 – Previous Week Range
Down
17829 – VWAP from 28 Oct
17780 – Buying tail (28 Oct)
17722 – Weekly VAL
17681 – Buying tail (25 Oct)
17633 – NeuX VWAP (21 Oct)
17588 – HVN from 20 Oct
(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: 41149 [ 41636 / 41015 ]
BNF made an attempt to probe higher in the A period but stopped just short of previous day’s initiative selling tail from 41642 as it made a high of 41636 and probed lower for the rest of the IB making new lows for the day at 41361 indicating aggressive sellers coming in.
The auction then made a trending move lower till the J period leaving couple of extension handles at 41361 & 41266 as it went on to complete the 2 IB objective of 41085 and made a low of 41015 stopping just short of the 21st Oct VPOC of 40988.
The last part of the day saw the sellers booking profits as the dPOC shifted lower to 41155 into the close leaving a Double Distriubtion Trend Day Down with completely lower Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction In Range (OAIR)
- The Day type was a Double Distribution Trend Day – Down (DD)
- Largest volume was traded at 41155 F
- Vwap of the session was at 41283 with volumes of 39.2 L and range of 622 points as it made a High-Low of 41636-41015
- 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 41018-41155-41398
HVNs – 41460
(** indicates series POC)
Business Areas for 31st Oct 2022:
Up
41155 – dPOC from 28 Oct
41283 – DD VWAP (28 Oct)
41405 – HVN from 28 Oct
41552 – Selling tail (28 Oct)
41642 – Selling tail (27 Oct)
41740 – Selling tail (21 Sep)
Down
41103 – Closing HVN (28 Oct)
40988 – VPOC from 21 Oct
40895 – VWAP from 21 Oct
40770 – PBL from 21 Oct
40680 – Buying Tail (21 Oct)
40513 – Weekly HVN
(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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