Nifty Oct F: 16833 [ 17059 / 16800 ]
NF opened with a gap up of 108 points but got rejected in previous day’s responsive selling tail from 17056 to 17074 as it made a high of 17059 and made a trending move lower not only engulfing previous day’s range but went on to make new lows of the week at 16800 in the I period after leaving an extension handle at 16951.
The auction then gave a bounce back to 16896 in the K period leaving a PBH just below the day’s VWAP of 16908 & went on to match the lows of 16800 in the L TPO bringing the dPOC down to 16837 where it eventually closed leaving a Double Distribution Trend Day Down.
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 Double Distribution Trend Day – Down (DD)
- Largest volume was traded at 16837 F
- Vwap of the session was at 16908 with volumes of 108.9 L and range of 259 points as it made a High-Low of 17059-16800
- The settlement day Roll Over point (Oct 2022) is 16837
- The VWAP & POC of Sep 2022 Series is 17525 & 17643 respectively.
- The VWAP & POC of Aug 2022 Series is 17530 & 17530 respectively.
- The VWAP & POC of Jul 2022 Series is 16556 & 15976 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 16800-16837-16864
HVNs –
(** indicates series POC)
Business Areas for 30th Sep 2022:
Up
16837 – dPOC from 29 Sep
16908 – Trend Day VWAP (29 Sep)
16951 – Extension Handle
17004 – HVN from 29 Sep
17048 – Selling Singles
17088 – 2-day composite VPOC
Down
16802 – PBL from 29 Sep
16753 – Buying Singles (28 Jul)
16711 – Singles mid-point
16660 – VPOC from 27 Jul
16612 – HVN from 27 Jul
16572 – VWAP from 27 Jul
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Oct F: 37861 [ 38460 / 37711 ]
BNF did not give a follow up to the NeuX close of previous session opening higher and continued to probe to the upside as it made a high of 38460 stalling just below yesterday’s IBH of 38469 from where the sellers had drove it down late in the afternoon indicating that the supply was back.
The auction then reversed to the downside as it made lower lows in the B period confirming a small initiative selling tail at the top and went on to make multiple RE’s from the D TPO onwards & even left an extension handle at 38086 in the E enabling the completion of the 2 IB target of 37775 while making a low of 37711 in the J period where the OTF stopped giving a bounce back to the day’s VWAP in the K period where it left a PBH at 38055 & closed near the dPOC of 37835 leaving a Double Distribution Trend Day Down.
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 Double Distribution Trend Day – Down (DD)
- Largest volume was traded at 37835 F
- Vwap of the session was at 37998 with volumes of 37.6 L and range of 748 points as it made a High-Low of 38460-37711
- The settlement day Roll Over point (Oct 2022) is 37890
- The VWAP & POC of Sep 2022 Series is 39910 & 40770 respectively.
- The VWAP & POC of Aug 2022 Series is 38530 & 38320 respectively.
- The VWAP & POC of Jul 2022 Series is 35427 & 35099 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 37725-37835-38085
HVNs –
(** indicates series POC)
Business Areas for 30th Sep 2022:
Up
37890 – Oct series RO Point
37998 – Trend Day VWAP (29 Sep)
38086 – Extension Handle
38300 – PBH from 29 Sep
38403 – Selling Singles
38520 – Selling singles (28 Sep)
Down
37835 – dPOC from 29 Sep
37725 – Buying singles
37623 – 04 Aug Swing Low
37491 – 2 ATR from VPOC of 38745
37288 – BNF (Continuous) Swing Low
37150 – 1 ATR from dPOC of 37835
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
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://www.explara.com/e/vtrendertradingroomlive
