Nifty Nov F:
We had an OTF up after A period which also had singles at lows (10088-10055) with extension handle at 10173 (which is also weekly POC) leaving singles at 10173-10188 and spike close with a second Extension Handle at 10245 & spike from 10245 to 10306. It was a big 3.7 IB up day so could consolidate. Also, closed above the FA of 10220 so 1ATR from there comes to 10395 which will be the level to watch this week above the vpoc of 10345. On the downside immediate level in focus will be the extension handle of 10245 & below that the trend day POC & VWAP at 10185 & 10175.
- The NF Open was an Open Auction In Range
- The day type was a Trend Day
- Largest volume was traded at 10185 F
- Vwap of the session was at 10175 with volumes of 142.2 L in a session which traded a High-Low range of 10306-10055 for 251 points
- The vwap of 17/10 at 10612 is the resistance now for NOV
For the weekly and other swing levels of the Nifty go to – https://vtrender.com/support-and-resistance-levels-nifty-bank-nifty-futures/ (has monthly and weekly Profile charts updated to trade date 26/10)
Daily Zones:
- Value zones ( volume profile) are at 10131-10188-10303
Hypos / Estimates for the next session:
a) supply at 10356- 10367
b) support at 10185 on any drop
c) immediate support at 10236
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://in.explara.com/e/vtrender–trading–room/checkout
BankNifty Nov F:
BNF made a open just above Friday’s spike high of 24692 but got swiftly rejected lower & after the first 30mins began to coil in a narrow range filling up the low volume zone of Friday’s profile & once that was done it broke out higher first leaving an extension handle at 24780 & kept trending higher into the close though gave that customary pull back low of the Trend day which was at 24834 after which it left another extension handle at 24980 and managed to close at highs. It also closed above the Friday’s FA of 24906 which means the 1ATR level from there of 25250 is now on the cards.
- The BNF Open was an Open Auction In Range
- The day type was a Trend Day
- Largest volume was traded at 24960 F
- Vwap of the session was at 24780 with volumes of 42 L in a session which traded a High-Low range of 25089-24771 for 618 points
- The vwap of 17/10 at 25500 is the resistance now for NOV
For the weekly and other swing levels of the Bank Nifty go to – https://vtrender.com/support-and-resistance-levels-nifty-bank-nifty-futures/(The BN Monthly and BN weekly F charts are posted at the same link)
Daily Zones:
- Value zones ( volume profile) are at 25082-24960-24645
Hypos / Estimates for the next session:
a) supply at 25220 on any probe higher
b) immediate support at 24960
c) support at 24780 on any further drop
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://in.explara.com/e/vtrender–trading–room/checkout