Nifty Dec F: 18874 [ 18905 / 18721 ]
NF made an OAIR start and made a narrow 59 point range IB between the yPOC of 18778 and the buying tail of 18721 filling up yesterday’s profile for most part of the day forming an overlapping POC at 18774 before giving a late move away from this balance from the K period onwards where it left an extension handle at 18799 and went on to give a big spike close from 18834 to 18905 completing the 3 IB objective of 18897.
Spike Rules will be in play for the next open and the big zone on watch would be from 18808 to 18905 for this week’s settlement.
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 (with a Spike close)
- Largest volume was traded at 18772 F
- Vwap of the session was at 18807 with volumes of 68.9 L and range of 184 points as it made a High-Low of 18905-18721
- The settlement day Roll Over point (Dec 2022) is 18650
- The VWAP & POC of Nov 2022 Series is 18295 & 18335 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 18725-18772-18831
HVNs – 18645 / 18728**
(** indicates series POC)
Business Areas for 01st Dec 2022:
Up
18882 – Closing LVN (30 Nov)
18916 – 1 ATR from yPOC
18953 – 1.5 Spike target
18990 – Prev Week Range
19026 – 1 ATR from WFA
19055 – 2 ATR from yPOC
Down
18867 – Spike singles (30 Nov)
18834 – Extension Handle (30 Nov)
18808 – VWAP from 30 Nov
18772 – dPOC from 30 Nov
18729 – Buying tail (30 Nov)
18692 – VWAP from 28 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: 43452 [ 43525 / 43152 ]
BNF opened higher and made an attempt to move away from the 3-day Value as it scaled above the composite VAH of 43422 but could only manage 43450 after which it got back into the balance triggering the 80% Rule which came in form of a trending move lower till the D period with the help of an extension handle at 43292 as it made a low of 43152 stopping just above the buying singles from 43120.
The auction then remained below the IBL forming a balance and saw the dPOC shift lower to 43207 indicating morning sellers booking out and once it negated the morning extension handle of 43292, there was a quick squeeze into the close with the L TPO making a RE to the upside and M following it with new highs of 43525 stalling just below the 1.5 target of 43529 leaving a Neutral Day with overlapping value hence making the 3-day balance smoother now with a nice Gaussian Curve being formed on the 4-day composite with Value at 43242-43274-43402.
(Click here to view the 4-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 Neutral Day (NeuD)
- Largest volume was traded at 43207 F
- Vwap of the session was at 43320 with volumes of 28.3 L and range of 372 points as it made a High-Low of 43525-43152
- The settlement day Roll Over point (Dec 2022) is 43331
- The VWAP & POC of Nov 2022 Series is 42150 & 42959 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 43156-43207-43397
HVNs – 42955 / 43274**
(** indicates series POC)
Business Areas for 01st Dec 2022:
Up
43488 – Closing HVN (30 Nov)
43566 – Monthly IBH
43624 – 1 ATR from 43320
43754 – 1.5 Weekly IB
43815 – 2 ATR from yPOC
43942 – Weekly 2 IB
Down
43450 – 30-Nov IBH
43320 – VWAP from 30 Nov
43207 – dPOC from 30 Nov
43120 – Buying Tail (28 Nov)
43002 – 1.5 weekly IB
42932 – VWAP from 23 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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