Nifty Nov F: 24219 [ 24415 / 24155 ]
| Open Type |
|---|
| ORR (Open Rejection Reverse) |
| Volumes of 40,992 contracts |
| Initial Balance |
|---|
| 260 points (24415 – 24155) |
| Volumes of 93,480 contracts |
| Day Type |
|---|
| Normal (3-1-3) – 260 pts |
| Volumes of 1,97,225 contracts |
NF opened lower and took support just above the NeuX (Neutral Extreme) VWAP of 24150 from 05th Nov confriming an Open Rejection Reverse (ORR) start as it got back into previous day’s Value promptly completing the 80% Rule but stalled in the B TPO selling singles and failed to sustain above the RO (Roll Over) point of 24400 leaving a big selling tail from 24334 to 24415.
The auction settled down into a balance for the rest of the day leaving a A period buying tail from 24177 to 24155 forming a nice Gaussain Curve and a 3-1-3 profile (balance with tails at both ends) giving a close around the prominent POC of 24223 forming overlapping to lower value and will need to negate one of the singles of the current profile for a further move in that direction.
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Daily Zones
- Largest volume (POC) was traded at 24223 F and VWAP of the session was at 24250
- Value zones (volume profile) are at 24195-24223-24295
- HVNs are at 24298 (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (01 – 07 Nov) – to be updated…
Monthly Zones
- The settlement day Roll Over point (Nov 2024) is 24400
- The VWAP & POC of Oct 2024 Series is 24776 & 24400 respectively
- The VWAP & POC of Sep 2024 Series is 25516 & 25415 respectively
- The VWAP & POC of Aug 2024 Series is 24588 & 24323 respectively
Business Areas for 11th Nov 2024
| Up |
| 24250 – VWAP (08 Nov) 24292 – C TPO VWAP (08 Nov) 24344 – HVN (08 Nov) 24393 – AVWAP (06 Nov) 24437 – Ext Handle (07 Nov) 24489 – Sell Tail (07 Nov) 24528 – IB Tail mid (07 Nov) |
| Down |
| 24194 – M TPO low (08 Nov) 24150 – NeuX VWAP (05 Nov) 24100 – HVN (05 Nov) 24049 – SOC (05 Nov) 23981 – Buy tail (05 Nov) 23940 – H TPO POC (04 Nov) 23900 – Swing Low (04 Nov) |
You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.