Nifty Dec F: 17216 [ 17287 / 17186 ]
NF opened with a probe lower with a swipe through previous Value as it tagged the HVN of 17195 while making a low of 17186 where it got swiftly rejected reversing the auction to the upside making couple of attempts to scale above the the composite VAL of 17262 in the IB (Initial Balance) but stalled just below the weekly VPOC of 17295 recording a high of 17287 and remained in this 101 point range all day forming a perfect Gaussian Curve with almost similar Value as previous session giving a nice 2-day composite at 17205-17247-17253 and looks good for an imbalance away from here in the coming session(s).
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 Normal Day (Gaussian Curve)
- Largest volume was traded at 17251 F
- Vwap of the session was at 17236 with volumes of 65.9 L and range of 101 points as it made a High-Low of 17287-17186
- NF confirmed a FA at 16832 on 22/12 and tagged the 1 ATR objective of 17076 on 23/12. The 2 ATR target comes to 17321. This FA is currently on ‘T+6’ Days.
- The settlement day Roll Over point (December) is 17600
- The VWAP & POC of Nov Series is 17635 & 17961 respectively.
- The VWAP & POC of Oct Series is 18036 & 18155 respectively.
- The VWAP & POC of Sep Series is 17519 & 17365 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 17215-17251-17265
HVNs – 17091 / 17235** / 17294 / 17533
(** indicates current series POC)
Business Areas for 30th Dec:
Up
17247 – 2-day composite POC (28-29 Dec)
17294 – Weekly VPOC
17331 – VPOC from 16th Dec
17378 – 2 IB weekly objective
17416 – Weekly 1 ATR objective
17461 – VPOC from 13th Dec
17503 – DD singles from 13th Dec
17533 – DD VWAP from 13th Dec
Down
17205 – 2-day composite VAL (28-29 Dec)
17166 – Buying singles from 28th Dec
17104 – VPOC from 27th Dec
17058 – PBL from 27th Dec
17017 – VWAP from 27th Dec
16955 – B TPO VWAP from 27th Dec
16903 – Buying singles from 27th Dec
(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: 35035 [ 35398 / 34906 ]
BNF also probed lower at open making a look down below PDL (Previous Day Low) as it hit 35045 but was swiftly rejected back as it went on to swipe through previous value & range and even made new highs for the week at 35398 in the IB (Initial Balance) but left a small selling tail above PDH indicating presence of strong supply which led to a move down to 35138 in the D period. The auction then remained in the narrow D period range of 35138 to 35282 for most part of the day forming an overlapping POC at 35216 before it left an PBH right at 35282 in the K TPO triggering a spike lower to 34906 into the close stopping just above the 27th Dec DD extension handle of 34887. Both Value & Range formed outside bars on the daily giving a nice 2-day composite along with an ultra prominent POC at 35149-35212-35311 with an attempt to move away from here with a spike that needs to be validated at the next open where the spike zone of 35045 to 34906 would be on watch.
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 Day (with a Spike Close)
- Largest volume was traded at 35216 F
- Vwap of the session was at 35194 with volumes of 26.8 L and range of 492 points as it made a High-Low of 35398-34906
- The settlement day Roll Over point (December) is 37555
- The VWAP & POC of Nov Series is 38047 & 39404 respectively.
- The VWAP & POC of Oct Series is 39368 & 41157 respectively.
- The VWAP & POC of Sep Series is 37210 & 36633 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 35102-35216-35333
HVNs – 36246 / 36433** / 37044 / 37750
(** indicates current series POC)
Business Areas for 30th Dec:
Up
35045 – Spike zone high from 29th Dec
35149 – 2-day composite VAL (28-29 Dec)
35311 – 2-day composite VAH (28-29 Dec)
35507 – Previous week’s selling singles
35665 – 1.5 IB weekly target
35835 – Extension Handle from 17th Dec
35998 – VPOC from 17th Dec
Down
34968 – Previous Week’s POC
34818 – VWAP from 27th Dec
34661 – PBL from 27th Dec
34536 – Buying singles from 27th Dec
34400 – Mid-point of buying singles
34264 – Weekly IBL
34123 – Dec Series Low
(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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