Nifty Oct F: 17103 [ 17209 / 16764 ]
NF made an OA (Open Auction) start & repaired the poor lows of previous day as it hit 16764 early in the B period and left a small buying tail after which it left a rare C side extension handle at 16872 initiating a trending move higher with the auction completed the 80% Rule in the 2-day composite (26-27 Sep) with the help of another extension handle at 17028 and went on to make a high of 17209 in the K period stalling in the initiative selling tail from 27th Sep which saw some profit booking by the longs and the shift of the dPOC higher to 17108 with a close around it leaving a big Trend Day Up of 445 points.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction (OA)
- The Day type was a Trend Day – Up (TD)
- Largest volume was traded at 17108 F
- Vwap of the session was at 17005 with volumes of 147.7 L and range of 445 points as it made a High-Low of 17209-16764
- The settlement day Roll Over point (Oct 2022) is 16837
- The VWAP & POC of Sep 2022 Series is 17500 & 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 16935-17108-17207
HVNs –
(** indicates series POC)
Business Areas for 03rd Oct 2022:
Up
17108 – dPOC from 30 Sep
17183 – Weekly IBH
17232 – Selling Singles (26 Sep)
17305 – PWH (Previous Week High)
17350 – Gap mid-point (26 Sep)
17396 – VPOC from 23 Sep
Down
17068 – PBL from 30 Sep
17005 – Trend Day VWAP (30 Sep)
16927 – Mid-profile singles (30 Sep)
16872 – Extension Handle (30 Sep)
16829 – B TPO POC (30 Sep)
16764 – Weekly IBL
(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: 38807 [ 38988 / 37580 ]
BNF continued previous day’s imbalance by breaking below PDL & negating the buying singles as well as the Swing Low of 37623 from 04th Aug as it made a low of 37580 but was rejected back into previous day’s range with an initiative buying tail from 37708 to 37580.
The auction then got into Beast Mode as it left couple of extension handles at 38032 & 38650 in the important C & G periods and went on to complete the 3 IB target of 38937 inspite of the large IB range of 452 points while making a high of 38988 and saw profit booking drag it down to 38690 into the close and the dPOC also shifting higher to 38847.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction (OA)
- The Day type was a Trend Day – Up (TD)
- Largest volume was traded at 38847 F
- Vwap of the session was at 38443 with volumes of 72.6 L and range of 1408 points as it made a High-Low of 38988-37580
- 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 38197-38847-38987
HVNs –
(** indicates series POC)
Business Areas for 03rd Oct 2022:
Up
38847 – dPOC from 30 Sep
39033 – LVN from 27 Sep
39185 – A TPO POC (27 Sep)
39378 – Singles mid-point (26 Sep)
39536 – Selling tail top
39686 – Buying tail (23 Sep)
Down
38690 – PBL from 30 Sep
38443 – Trend Day VWAP (30 Sep)
38304 – LVN from 30 Sep
38032 – Extension Handle (30 Sep)
37890 – Oct RO (Roll Over) point
37708 – Buying Singles (30 Sep)
(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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