Nifty Spot
Monthly Profile (Nov)
Last month (Oct) we had a ‘b’ profile & the close was well above the POC of 10275 which was indicating short term exhaustion of sellers. November started with a move away from the balance leaving a small buying tail (10340-10440) in the opening week & made a nice balance for most part of the month making Value in the stem of the ‘b’ profile & closed in a spike (10775-10922) giving a nice 3-1-3 profile on monthly with a wide POC at 10590.
Monthly Zones:
The vwap of the November series is at 10486 spot and the POC is at 10583
The settlement day (Nov) rollover volume point is at 10873 F.
The vwap of the October series is at 10490 spot and the POC is at 10275
The settlement day (Oct) rollover volume point is at 10222 F.
The vwap of the Sept series is at 11304 spot and the POC was at 11460
The settlement day (Sept) rollover volume point is at 11025 F.
Weekly Profile (26th – 30th Nov)
Nifty opened just above the previous week’s spike (10545-10512) but was rejected & went back into the spike making a new low of 10489 which got swiftly rejected & then on the entire week Nifty trended higher first getting above that 10650 level leaving an extension handle at 10695 & then invalidating the weekly FA of 10775 leaving another extension handle at 10757. It made a nice distribution at highs giving an elongated profile on the weekly which was an outside bar too. The weekly Value Area is 10641-10728-10826.
NF (Weekly Profile)
NF continued the previous week’s probe lower at open & made new lows at 10532 & reversed from there to trend higher all week giving a triple distribution profile up. The weekly POC is at 10764 right in the middle of the profile with upper most distribution at 10850-10940 which will be the zone to watch in the coming week. The weekly Value Area is 10665-10764-10941.
BankNifty Spot
Monthly Profile (Nov)
Bank Nifty Spot had made a nice bell in October & was indicating that it was getting ready for a trending move in one direction. The open in Nov tried probing lower but got rejected from just above the monthly POC & left a buying tail (25384-25129) and for the remaning month trended higher leaving a kind of Double Distribution Profile which also closed in a spike (26585-27012) which meant the profile has tails at both the ends.
Monthly Zones:
The vwap of the November series is at 25686 spot and the POC is at 26218
The settlement day (Nov) rollover volume point is at 26880 F.
The vwap of the October series is at 25011 spot and the POC is at 25080
The settlement day (Oct) rollover volume point is at 24920 F.
The vwap of the Sept series is at 26441 spot and the POC was at 27360
The settlement day (Sept) rollover volume point is at 25170 F.
Weekly Profile (26th – 30th Nov)
BN had a spike close lower in the previous week (26040-25947) & this spike was rejected as it opened with a gap up above the spike high & stayed above to probe higher all week making a elongated trending profile with 3 distributions separated by extension handles at 26191 in the lower part & 26685 in the upper part. The uppermost balance is at 26960-26790 which will be the zone to watch in the coming week. The weekly Value Area is 26220-26525-26840.
BNF (Weekly Profile)
BNF also rejected the closing spike of previous week by opening above it indicating that it is ready for a big move on the upside & it trended higher making an elongated weekly profile which has made a small distribution of 26840-26960 at top with a HVN at 26904. The weekly Value Area is 26320-26464-26864.
