Nifty Sep F: 17562 [ 17661 / 17491 ]
NF followed the Neutral Centre profile with a Normal Day and a Double Inside Bar with a close right at the dPOC of 17560 and has a very good chance of giving a move away from this 2-day balance in the coming session.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Day (Double Inside Bar)
- Largest volume was traded at 17560 F
- Vwap of the session was at 17576 with volumes of 109.6 L and range of 170 points as it made a High-Low of 17661-17491
- NF confirmed a FA at 17735 on 01/09 and completed the 1 ATR objective of 17545 on the same day. The 2 ATR target comes to 17356.
- The settlement day Roll Over point (Sep 2022) is 17580
- The VWAP & POC of Aug 2022 Series is 17530 & 17530 respectively.
- The VWAP & POC of Jul 2022 Series is 16556 & 15976 respectively.
- The VWAP & POC of Jun 2022 Series is 15895 & 15793 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 17534-17560-17616
HVNs -17364 / 17598** / 17670
(** indicates series POC)
Business Areas for 05th Sep 2022:
Up
17598 – Series developing POC
17656 – PBH from 02 Sep
17707 – PBH from 01 Sep
17769 – Extension Handle (30 Aug)
17796 – Weekly LVN
17839 – dPOC from 30 Aug
Down
17538 – PBL from 02 Sep
17472 – IB singles mid-point
17440 – 29 Aug High
17411 – Gap Mid-point (30 Aug)
17365 – dPOC from 29 Aug
17310 – Weekly 1 ATR from 17844
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Sep F: 39542 [ 39715 / 39311 ]
BNF also made a narrow 404 point range Inside Day with Value also forming completely inside giving a nice 2-day Gaussian with Value at 39348-39537-39654 and has a good chance of turning into an imbalance in the coming session(s).
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 (Inside Bar)
- Largest volume was traded at 39528 F
- Vwap of the session was at 39511 with volumes of 36.9 L and range of 404 points as it made a High-Low of 39715-39311
- The settlement day Roll Over point (Sep 2022) is 39035
- The VWAP & POC of Aug 2022 Series is 38530 & 38320 respectively.
- The VWAP & POC of Jul 2022 Series is 35427 & 35099 respectively.
- The VWAP & POC of Jun 2022 Series is 33969 & 33498 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 39400-39528-39605
HVNs – 38423 / 39389**
(** indicates series POC)
Business Areas for 06th Sep 2022:
Up
39573 – LVN from 02 Sep
39715 – Weekly IBH
39828 – Previous Week High
39917 – Weekly 1.5 IB target
40012 – 2 ATR from 38906
40167 – HVN from 03 Nov 2021
Down
39537 – 2-day composite POC
39415 – PBL from 02 Sep
39311 – Weekly IBL
39159 – Weekly VWAP
39035 – Sep RO (Roll Over) Point
38946 – Extension Handle (30 Aug)
(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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