Nifty Dec F: 18733 [ 18797 / 18670 ]
NF opened with a probe below yVWAP of 18692 and got initiative buyers stepping in just above yesterday’s buying singles from 18658 as it made a low of 18670 and made an OTF (One Time Frame) probe higher till the D period hitting a high of 18782.
The auction then continued to make a slow OTF (One Time Frame) probe higher till the J period where it completed the Weekly 1.5 objective of 18739 and just fell short of the daily 1.5 IB target of 18743 marking the high of the day at 18742 before dropping back to 18680 into the close forming a ‘p’ shape profile with completely higher Value and an outside day.
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 Normal Variation Day – Up (‘p’ shape profile)
- Largest volume was traded at 18778 F
- Vwap of the session was at 18756 with volumes of 56.5 L and range of 128 points as it made a High-Low of 18797-18670
- The settlement day Roll Over point (Dec 2022) is 18650
- The VWAP & POC of Nov 2022 Series is 18220 & 18336 respectively.
- The VWAP & POC of Oct 2022 Series is 17350 & 17260 respectively.
- The VWAP & POC of Sep 2022 Series is 17500 & 17643 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 18738-18778-18795
HVNs – 18645 / 18728**
(** indicates series POC)
Business Areas for 30th Nov 2022:
Up
18744 – LVN from 29 Nov
18778 – dPOC from 29 Nov
18818 – 3 IB Weekly objective
18863 – 1 ATR from 18721
18916 – 1 ATR from yPOC
18971 – 1 ATR from WPOC
Down
18721 – Buying Tail (29 Nov)
18692 – VWAP from 28 Nov
18658 – Buying Tail (28 Nov)
18619 – dPOC from 25 Nov
18566 – Weekly FA
18513 – VPOC from 24 Nov
(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: 43293 [ 43492 / 43205 ]
BNF made an OL (Open=Low) start just above the 2-day VAL of 43194 and completed the 80% Rule in the A period itself after which it continued to probe higher making couple of REs (Range Extension) in the C & D TPOs where it tested the 25th Nov selling tail from 43472 while making a high of 43492.
The auction found supply coming back in this zone as it not only marked the end of the upmove for the day but reversed the probe to the downside as it left a small selling tail from 43478 followed by a PBH at 43444 to fall back to 43262 into the close leaving a Normal Day with overlapping to higher Value adding to the 2-day balance making it smoother with the new Value at 43230-43296-43422 and has made a 4th successive close at or near 43293 hinting that it needs initiative volumes for a move away in the coming session(s).
(Click here to view the 3-day balance in BNF on MPLite )
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 Normal Day
- Largest volume was traded at 43408 F
- Vwap of the session was at 43382 with volumes of 20.2 L and range of 287 points as it made a High-Low of 43492-43205
- The settlement day Roll Over point (Dec 2022) is 43331
- The VWAP & POC of Nov 2022 Series is 42018 & 41376 respectively.
- The VWAP & POC of Oct 2022 Series is 39750 & 38950 respectively.
- The VWAP & POC of Sep 2022 Series is 39910 & 40770 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 43334-43408-43479
HVNs – 42955 / 43296**
(** indicates series POC)
Business Areas for 30th Nov 2022:
Up
43318 – 3-day comp VWAP
43422 – 3-day VAH
43588 – 1 ATR from 43284
43754 – 1.5 Weekly IB
43892 – 2 ATR from yPOC
44068 – PWR target
Down
43262 – Buying Tail (29 Nov)
43120 – Buying Tail (28 Nov)
43002 – 1.5 weekly IB
42932 – VWAP from 23 Nov
42814 – IB singles mid
42686 – Extension Handle (22 Nov)
42522 – VPOC from 21 Nov
(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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