Nifty Sep F: 17247 [ 17263 / 17072 ]
NF made a probe below PDL (Previous Day Low) at open almost testing the extension handle of 17069 as it made a low of 17072 and found new demand as it got rejected back into previous day’s range confirming an ORR (Open Rejection Reverse) start after which it left a long initiative buying tail in the IB from 17110 to 17072 and set up the second Triple Distribution Trend Day Up in the last 3 sessions as the auction left couple of extension handles at 17155 & 17215 (which were the selling references from yesterday) to hit new highs of 17263 into the close but saw good profit booking also coming in as the dPOC moved higher to 17242 which will be the immediate reference for the next open.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Rejection Reverse – Up (ORR)
- The Day type was a Triple Distribution Trend Day – Up (TDD)
- Largest volume was traded at 17242 F
- Vwap of the session was at 17191 with volumes of 56.7 L and range of 191 points as it made a High-Low of 17263-17072
- The settlement day Roll Over point (September) is 16642
- The VWAP & POC of Aug Series is 16455 & 16255 respectively.
- The VWAP & POC of Jul Series is 15778 & 15820 respectively.
- The VWAP & POC of Jun Series is 15721 & 15721 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 17162-17242-17255
Business Areas for 03rd Sep:
Up
17263 – PDH (Previous Day High)
17314 – Weekly 4 IB objective
17358 – 2 ATR objective from PDL (Previous Day Low)
17390 – Final frontier for this week
Down
17242 – dPOC from 02nd Sep
17191 – VWAP from 02nd Sep
17155 – Extension Handle from 02nd Sep
17110 – Buying Singles from 02nd Sep
(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: 36969 [ 37034 / 36511 ]
BNF opened with a freak tick right at the 31st Aug VPOC of 36514 and similar to NF, got rejected back into previous day’s range triggering the 80% Rule in the balanced profile as it first stalled at the yPOC of 36744 in the IB (Initial Balance) but went on to leave an extension handle there in the C period and went on to tag the first of yesterday’s PBH of 36928 in the ‘G’ period after which it made a small retracement leaving a PBL (Pull Back Low) at 36822 in the ‘H’ period and followed it up by hitting new highs for the day at 36973. The auction continued to build volumes at 36880 till the ‘L’ period before making a small spike to 37034 into the close as it made an attempt to test the selling singles of 01st Sep. We also have a nice 2-day composite in BNF with Value at 36689-36853-36962 and has a good chance of moving away from here in the coming session.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction (OA)
- The Day type was a Normal Variation Day – Up (NV with a mini spike)
- Largest volume was traded at 36881 F
- Vwap of the session was at 36835 with volumes of 36.5 L and range of 455 points as it made a High-Low of 37034-36579
- The settlement day Roll Over point (September) is 35699
- The VWAP & POC of Aug Series is 35715 & 35616 respectively.
- The VWAP & POC of Jul Series is 35105 & 34804 respectively.
- The VWAP & POC of Jun Series is 35012 & 35070 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 36780-36881-37011
Business Areas for 03rd Sep:
Up
37045 – Selling Singles from 01st Sep
37158 – 1 ATR target from 36690
37258 – 2 ATR objective from 36322
37340 – Monthly ATR target
Down
36962 – 2-day composite VAH
36822 – PBL from 02nd Sep
36744 – Extension Handle from 02nd Sep
36579 – Buying singles from 02nd Sep
(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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