Nifty Nov F: 18051 [ 18061 / 17926 ]
NF opened with a gap up of 118 points not only negating the FA of 17887 but also confirmed a multi-day FA at 17773 & remained above the 1 ATR objective of 17948 as it formed a narrow range ‘p’ shape profile for most part of the day building a prominent POC at 18005 before giving a small spike higher into the close from 18033 to 18061 almost completing the 1 ATR target from the negated FA of 17887 to the upside. Spike Rules will be in play for the next open.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Up (‘p’ profile with a spike)
- Largest volume was traded at 18005 F
- Vwap of the session was at 18012 with volumes of 65.2 L and range of 136 points as it made a High-Low of 18061-17926
- The settlement day Roll Over point (Nov 2022) is 17800
- The VWAP & POC of Oct 2022 Series is 17300 & 17258 respectively.
- The VWAP & POC of Sep 2022 Series is 17500 & 17643 respectively.
- The VWAP & POC of Aug 2022 Series is 17530 & 17530 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 17977-18005-18033
HVNs – 17745
(** indicates series POC)
Business Areas for 01st Nov 2022:
Up
18061 – Spike High (31 Oct)
18090 – Previous Week Range
18124 – 2 ATR from 17773
18177 – 2 ATR from 17835
18216 – dPOC from 13 Sep
18269 – Weekly 1 ATR
Down
18033 – Spike Low (31 Oct)
17995 – PBL from 31 Oct
17968 – IB singles mid
17926 – PDL
17889 – Gap mid-point
17835 – VPOC from 28 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: 41466 [ 41522 / 41270 ]
BNF opened with a gap up of 250 points & continued to probe higher to 41522 as it stalled just below 28th Oct’s selling tail after which it went on to make new lows for the day at 41270 in the B period taking support just above the extension handle of 41266 forming a narrow 252 point range balance and an inside day leaving a Normal profile & a Gaussian Curve filling up the low volume of the DD profile from last Friday.
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 Normal Day (Gaussian Curve))
- Largest volume was traded at 41416 F
- Vwap of the session was at 41412 with volumes of 28.4 L and range of 252 points as it made a High-Low of 41522-41270
- The settlement day Roll Over point (Nov 2022) is 41510
- The VWAP & POC of Oct 2022 Series is 39571 & 38950 respectively.
- The VWAP & POC of Sep 2022 Series is 39910 & 40770 respectively.
- The VWAP & POC of Aug 2022 Series is 38530 & 38320 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 41372-41416-41479
HVNs – 41460
(** indicates series POC)
Business Areas for 01st Nov 2022:
Up
41497 – Selling tail (31 Oct)
41642 – Selling tail (27 Oct)
41740 – Selling tail (21 Sep)
41850 – 21 Sep High
41980 – PBH from 20 Sep
42097 – Selling tail mid-point
Down
41416 – dPOC from 31 Oct
41282 – Buying tail (31 Oct)
41155 – VPOC from 28 Oct
40988 – VPOC from 21 Oct
40895 – VWAP from 21 Oct
40770 – PBL from 21 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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