Nifty Oct F: 17623 [ 17758 / 17604 ]
NF opened in the 2-day composite Value and filled up the low volume zone between 17680 to 17750 for the first 5 periods as it remained inside the IB (Initial Balance) range of 78 points after which it made an attempt to extend higher in the F period which was swiftly rejected from just below the composite VAH of 17763 and this led to a fresh probe to the downside in the ‘G’ period as the auction made a RE (Range Extension) confirming a FA (Failed Auction) at 17758 and followed it up with new lows of 17605 in the ‘I’ period stopping just above the 22nd Sep VPOC of 17602. This defence then led to a bounce back to the IBL in the J period but NF could only leave a PBH (Pull Back High) at 17682 and the rejection from just below day’s VWAP saw similar lows of 17605 & 17604 being tagged in the ‘K’ & ‘M’ periods closing as a Neutral Extreme (NeuX) Down Day. Today’s POC shifted lower to 17632 into the close and would be the immediate reference on the upside along with the NeuX VWAP of 17677 whereas on the downside, the VPOC of 17602 & 21st Sep’s extension handle of 17547 would be the levels to watch as the new series unfolds.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 17632 F
- Vwap of the session was at 17677 with volumes of 90.8 L and range of 154 points as it made a High-Low of 17758-17604
- NF confirmed a FA at 17758 on 30/09 and the 1 ATR objective comes to 17592.
- The settlement day Roll Over point (October) is 17611
- The VWAP & POC of Sep Series is 17519 & 17365 respectively.
- The VWAP & POC of Aug Series is 16455 & 16255 respectively.
- The VWAP & POC of Jul Series is 15778 & 15820 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 17605-17632-17710
HVNs – 17751 / 17817
Business Areas for 01st OCt:
Up
17632 – POC from 30th Sep
17677 – NeuX VWAP from 30th Sep
17710 – HVN from 30th Sep
17758 – FA (Failed Auction) from 30th Sep
17813 – Extension Handle from 28th Sep
Down
17602 – VPOC from 22nd Sep
17547 – Extension Handle from 21st Sep
17480 – NeuX VWAP from 21st Sep
17426 – 2 ATR target from FA of 17758
17370 – FA (Failed Auction) from 21st Sep
(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: 37619 [ 38023 / 37560 ]
BNF made an OAIR (Open Auction In Range) start and left an initiative tail in the IB (Initial Balance) as it tagged the yPOC of 37982 and made new highs for the day in the B period at 37999 but got rejected triggering a retracement to 37823 in the D TPO where it took support at the day’s VWAP and the morning singles which led to a probe higher as the auction made marginal new highs for the day at 38023 in the F period but once again was swiftly rejected confriming that the supply was persistent in this zone which led to a FA (Failed Auction) being confrimed at top and multiple REs (Range Extension) to the downside from the ‘I’ period onwards as BNF negated most of the previous day’s initiative buying tail from 37650 to 37536 while making a low of 37560 into the close leaving a Neutral Extreme Down profile. On the daily basis, the auction formed a double inside bar in terms of the range and break lower towards the 22nd Sep VPOC of 37253 in the coming session with today’s VWAP of 37770 as the immediate reference on the upside.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 37694 F
- Vwap of the session was at 37770 with volumes of 25.8 L and range of 463 points as it made a High-Low of 38023-37560
- BNF confirmed a FA at 38023 on 30/09 and the 1 ATR objective comes to 37446.
- The settlement day Roll Over point (October) is 37596
- The VWAP & POC of Sep Series is 37210 & 36633 respectively.
- The VWAP & POC of Aug Series is 35715 & 35616 respectively.
- The VWAP & POC of Jul Series is 35105 & 34804 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 37570-37694-37855
HVNs – 35840 / 36749
Business Areas for 01st Oct:
Up
37694 – POC from 30th Sep
37770 – NeuX VWAP from 30th Sep
37935 – HVN from 30th Sep
38023 – FA (Failed Auction) from 30th Sep
38135 – PBH (Pull Back High) from 29th Sep
Down
37536 – Buying singles low from 29th Sep
37412 – Weekly 2 IB objective
37253 – VPOC from 22nd Sep
37133 – PBL from 21st Sep
37025 – IBL from 21st 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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