Nifty Nov F: 17715 [ 17944 / 17659 ]
NF continued the imbalance lower at open as it made a low of 17676 stopping just above the initiative buying tail from 4th Oct from where it gave a big bounce over the next 4 periods as it stalled right at previous day’s extension handle of 17941 where the supply made a return triggering a trending move lower retracing the entire rise and even made marginal new lows of 17659 in the ‘K’ period where it left a small responsive buying tail to close the day at 17715. Value was completely lower and today’s POC of 17755 & PBH at 17868 will be the important references on the upside for the coming session whereas on the downside, accepting below 17680 could give a move lower to 17589 & 01st Oct VPOC of 17555.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range + Open Rejection Reverse – Up (OAOR + ORR)
- The Day type was a Neutral Day (NeuD)
- Largest volume was traded at 17755 F
- Vwap of the session was at 17787 with volumes of 133.8 L and range of 285 points as it made a High-Low of 17944-17659
- The settlement day Roll Over point (November) is 17901
- The VWAP & POC of Oct Series is 18036 & 18155 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 17681-17755-17832
HVN – 18354
Business Areas for 01st Nov:
Up
17755 – dPOC from 29th OCt
17807 – HVN from 29th Oct
17865 – PBH from 29th Oct
17901 – RO (Roll Over) Point of Nov series
17944 – PDH
17981 – HVN from 28th Oct
Down
17680 – VAL of 29th Oct
17641 – Spike low of 6th Oct
17589 – Buying Singles low from 4th Oct
17555 – VPOC from 1st Oct
17518 – September Series VWAP
17487 – PBL from 1st Oct
(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: 39314 [ 39891 / 38607 ]
BNF also continued the Trend Day imbalance to the downside with a big fall of more than 1000 points in the A period as it made a low of 38607 where it tagged the 13th Oct VPOC of 38853 & even negated the buying singles of that day but saw a swift rejection and a quick bounce back as it got back into previous day’s range & went on to make new highs for the day in the B period at 39758 and even made couple of REs to the upside in the C & D TPOs making a high of 39891 stalling just below yesterday’s extension handle of 39932. The auction then reversed the probe to the downside over the next 7 periods as it negated most part of the morning singles from 39337 to 38607 leaving a PBL at 38928 before closing the day at 39314 forming a Normal Day with completely lower Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range + Open Rejection Reverse – Up (OAOR + ORR)
- The Day type was a Normal Day
- Largest volume was traded at 39380 F
- Vwap of the session was at 39337 with volumes of 57.4 L and range of 1284 points as it made a High-Low of 39891-38607
- 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 39033-39380-39656
HVNs – 39757 / 40750
Business Areas for 01st Nov:
Up
39380 – dPOC from 29th Oct
39650 – RO point of Nov series
39760 – Weekly VAH
39932 – Extension Handle from 28th Oct
40183 – Extension Handle from 28th Oct
40393 – VPOC from 28th Oct
Down
39200 – LVN from 29th Oct
38928 – PBL from 29th Oct
38599 – Extension Handle from 12th Oct
38460 – Weekly VPOC
38300 – Extension Handle from 11th 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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