Nifty Dec F: 17095 [ 17208 / 16850 ]
NF opened around the extension handle of 17091 & continued the Trend Day imbalance to the downside and dropped by almost 250 points in the opening 10 minutes but unlike the previous session the auction scaled above VWAP with ease confirming an ORR (Open Rejection Reverse) after which it remained above VWAP all day leaving an initiative buying tail from 17010 to 16850 and even made couple of REs (Range Extension) higher but stalled right at the Trend Day VWAP of 17207 forming a ‘p’ shape profile for the day with overlapping to lower Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Rejection Reverse – Up (ORR)
- The Day type was a Normal Day (‘p’ shape profile)
- Largest volume was traded at 17087 F
- Vwap of the session was at 17075 with volumes of 121.5 L and range of 358 points as it made a High-Low of 17208-16850
- The settlement day Roll Over point (December) is 17600
- The VWAP & POC of Nov Series is 17800 & 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 17017-17087-17180
HVNs – 17160 / 7533
Business Areas for 30th Nov:
Up
17160 – Series HVN
17207 – Trend Day VWAP from 26th Nov
17253 – Extension Handle from 26th Nov
17302 – Extension Handle from 26th Nov
17361 – Selling singles from 26th Nov
Down
17059 – PBL (Pull Back Low) from 29th Nov
17010 – Buying Singles from 29th Nov
16972 – A period VWAP from 29th Nov
16930 – Singles mid point
16850 – PDL (Previous Day Low)
(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: 36100 [ 36471 / 35459 ]
BNF also started with a big drop of 833 points in the opening 10 minutes but similar to NF scaled back above VWAP confirming an ORR and remained above VWAP all day leaving a long buying tail from 35861 to 35549 in the IB and went on to make multiple REs to the upside as it made a high of 36471 in the J period getting swiftly rejected from the Trend Day POC of 36458 leaving a small responsive selling tail which triggered a move back to the combo of day’s VWAP & POC near 36070 which will be the immediate level to watch on the downside for the next open. The day’s profile was a ‘p’ shape one with filling up of the lower part of the previous profile therefore the Trend Day VWAP of 36518 remains an important hurdle on the upside.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Rejection Reverse – Up (ORR)
- The Day type was a Normal Day (‘p’ shape profile)
- Largest volume was traded at 36074 F
- Vwap of the session was at 36070 with volumes of 46.8 L and range of 1012 points as it made a High-Low of 36471-35459
- BNF confirmed a FA at 37275 on 25/11 but needs to stay above 37545 for the 1 ATR objective on the upside of 37919. This FA got negated with a gap down open on 26/11 and the 2 ATR objective down of 35987 was hit on 29/11.
- The settlement day Roll Over point (December) is 37555
- The VWAP & POC of Nov Series is 38548 & 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 35906-36074-36315
HVNs – 36173 / 37750
Business Areas for 30th Nov:
Up
36173 – HVN of new series
36413 – Selling singles from 29th Nov
36530 – PBH from 26th Nov
36742 – Selling zone from B period (26th Nov)
Down
36062 – PBL from 29th Nov
35861 – Buying Singles from 29th Nov
35660 – Mid-point of buying tail
35459 – PDL
(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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