Nifty Aug F: 15909 [ 15918 / 15841 ]
NF opened higher well above the overlapping POC of 15808 and got accepted above previous Value forming a narrow 40-point range IB (Initial Balance) after which it made a slow probe higher till the ‘J’ period re-visiting the 27th Jul FA of 15908 and almost completed the 2 IB objective of 15921 while making a high of 15918 and this attracted good profit booking resulting in the break of the day’s VWAP for the first time as the auction left a PBL at 15866 taking support just above PDH (Previous Day High) and got back to close around the highs pulling the dPOC also to 15910. Value for the day was completely higher but NF will need to stay above 15910 in the next session to continue this upmove whereas today’s VWAP of 15888 & buying singles of 15861 to 15877 will be the references on the downside.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction (OA)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 15910 F
- Vwap of the session was at 15888 with volumes of 53 L and range of 77 points as it made a High-Low of 15918-15841
- NF confirmed a FA at 15908 on 27/07 and completed the 2 ATR objective of 15654 on 28/07. This FA got re-visited on 02/08 and is no longer a valid reference.
- The settlement day Roll Over point (August) is 15805
- The VWAP & POC of Jul Series is 15778 & 15820 respectively.
- The VWAP & POC of Jun Series is 15721 & 15721 respectively.
- The VWAP & POC of May Series is 14945 & 15094 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 15877-15910-15914
Business Areas for 03rd Aug:
Up
15920 – Previous Week High
15974 – VPOC (Virgin POC) from from 16th Jul
16035 – Daily Swing high from 23rd Jul
Down
15888 – VWAP from 02nd Aug
15808 – overlapping VPOC from 29-30th Jul
15767 – HVN from 27th Jul
(The are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Aug F: 34826 [ 34987 / 34678 ]
BNF opened higher but settled into an Open Auction forming a very narrow IB range of just 149 points as it got above 28th Jul’s selling tail but stalled at the VAL of the 4-day composite from 22nd to 27th July leading to further coiling in the C period where it remained in a mere 39 points. The auction then made a RE (Range Extension) to the upside in the ‘D’ period getting into the 4-day Value as it hit 34983 and made marginal new highs of 34987 in the ‘E’ period but could not sustain indicating lack of demand due to which BNF got back into the IB forming a prominent POC around 34900 but the break of VWAP late in the day triggered a long liquidation break and a move away from the dPOC in the ‘K’ period and in the process confirmed a FA (Failed Auction) at top and went on to make new lows for the day at 34678 stopping just above last Friday’s POC of 34664. The defence of the yPOC meant that the buyers were back in this zone and they pushed the auction back into the IB invalidating today’s FA into the close leaving a Neutral Day with completely higher Value.
Click here to view the latest profile in BNF on MPLite
- The NF Open was a Open Auction (OA)
- The Day type was a Neutral Day (NeuD)
- Largest volume was traded at 34898 F
- Vwap of the session was at 34868 with volumes of 24.8 L and range of 309 points as it made a High-Low of 34987-34678
- BNF confirmed a FA at 35296 on 27/07 and tagged the 2 ATR target of 34384 on 28/07. This FA is currently on ‘T+5’ Days.
- The settlement day Roll Over point (August) is 34860
- The VWAP & POC of Jul Series is 35105 & 34804 respectively.
- The VWAP & POC of Jun Series is 35012 & 35070 respectively.
- The VWAP & POC of May Series is 33568 & 34828 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 34824-34898-34947
Business Areas for 03rd Aug:
Up
34898 – Prominent POC from 02nd Aug
35070 – DD VWAP from 27th Jul
35296 – FA (Failed Auction) of 27th Jul
Down
34758 – Previous week’s VWAP
34664 – VPOC from 30th Jul
34360 – Buying tail from 28th Jul
(The 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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