Nifty Nov F: 17913 [ 18234 / 17860 ]
NF gave a rare follow up to a Neutral Extreme profile with an Open Drive Down start to the downside forming a relatively large IB (Initial Balance) range of 134 points consisting of a big initiative selling tail from 18144 to 18234. The auction then trended lower all day except for couple of PBHs (Pull Back High) at 18121 & 18084 in the F & H periods but kept forming lower lows in the rest and left an extension handle at 17941 in the ‘L’ period to expediate the fall further to 17860 leaving an elongated Trend Day Down profile of 374 points leaving couple of HVNs at 17981 & 17899.
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 18077 F
- Vwap of the session was at 18026 with volumes of 101.2 L and range of 374 points as it made a High-Low of 18234-17860
- The settlement day Roll Over point (November) is 17901
- The VWAP & POC of Oct Series is 18075 & 18154 respectively.
- The VWAP & POC of Sep Series is 17519 & 17365 respectively.
- The VWAP & POC of Aug Series is 16455 & 16255 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 17950-18077-18157
HVN – 18354
Business Areas for 29th Oct:
Up
17941 – Extension Handle from 28th Oct
17981 – HVN from 28th Oct
18026 – Trend Day VWAP from 28th Oct
18077 – Trend Day POC from 28th Oct
18121 – PBH (Pull Back High) from 28th Oct
Down
17905 – Buying Singles from 28th Oct
17847 – VPOC from 07th Oct
17821 – Buying Singles from 07th Oct
17790 – NeuX VWAP from 06th Oct
17735 – Singles Mid Point from 07th Oct
17705 – 06th Oct mid-profile singles
(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: 39696 [ 41073 / 39550 ]
BNF not only got accepted in previous day’s spike but also confirmed an Open Drive Down as it moved away from the 3-day balance it was forming with an initiative selling tail in the IB (Initial Balance) from 40792 to 41073 as it broke below the 25th Oct VPOC of 40833 and made a low of 40511 forming a large 562 point range. The auction then made a big RE lower in the D period breaking below the FA of 40321 and stopping right at the 21st Oct Extension Handle of 40187 as it made a low of 40183 after which it gave couple of PBHs (Pull Back High) at 40582 & 40529 getting rejected at day’s VWAP indicating that the sellers were still in control and this led to a fresh trending move lower from the J period onwards as BNF made lower lows on all the remaining TPOs leaving two extension handles at 40183 & 39973 in the process swiped through the 4-day composite Gaussian Value of 39669-39805-39989 (18th to 21st Oct) completing the 80% Rule and almost tested the HVN of 39500 from 14th Oct as it made a low of 39550.
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 40393 F
- Vwap of the session was at 40212 with volumes of 38.5 L and range of 1523 points as it made a High-Low of 41073-39550
- The settlement day Roll Over point (November) is 39650
- The VWAP & POC of Oct Series is 39368 & 41157 respectively.
- The VWAP & POC of Sep Series is 37210 & 36633 respectively.
- The VWAP & POC of Aug Series is 35715 & 35616 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 39989-40393-40895
HVNs – 39757 / 40750
Business Areas for 29th Oct:
Up
39785 – Selling Singles from 28th Oct
39973 – Extension Handle from 28th Oct
40183 – Extension Handle from 28th Oct
40393 – dPOC from 28th Oct
40528 – PBH (Pull Back High) from 28th Oct
Down
36990 – Singles from 28th Oct
39500 – HVN from 14th Oct
39300 – VWAP from 14th Oct
39145 – Extension Handle from 14th Oct
39000 – VPOC from 14th Oct
38853 – Prominent TPO POC from 13th 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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