Nifty Aug F: 17407 [ 17426 / 17244 ]
NF made an OAIR start & made an attempt to move away from the 2-day composite VAH of 17352 but could only manage to tag 17406 and got swiftly rejected triggering the 80% Rule in the composite Value as it left an initiative selling tail from 17344 to 17406 & probed lower till the G TPO where it hit 17244 stopping just above PDL which marked the end of the downmove for the day.
The auction then remained in a balance forming a ‘b’ shape profile for the day making the 2-day composite smoother building volumes at 17285 before the action prone K period not only got into the A period singles but triggered a spike into the close leaving a Neutral Extreme Day Up recording new highs of the series at 17426 but also saw the dPOC shift higher to 17414.
We now have a nice 3-day Composite Gaussian Profile with Value at 17256-17309-17356 & NF seemed to have moved away from this balance but will need more confirmation at the next open to see if this new imbalance continues.
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 Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 17414 F
- Vwap of the session was at 17331 with volumes of 97.8 L and range of 182 points as it made a High-Low of 17426-17243
- NF confirmed a FA at 17055 on 29/07 and tagged the 2 ATR objective of 17364 on the 01/08. This FA is currently on ‘T+4’ Days.
- The settlement day Roll Over point (Aug 2022) is 16963
- The VWAP & POC of Jul 2022 Series is 16556 & 15976 respectively.
- The VWAP & POC of Jun 2022 Series is 15895 & 15793 respectively.
- The VWAP & POC of May 2022 Series is 16270 & 16340 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 17294-17414-17425
HVNs – 16531 / 16572 / 17128 / 17320**
(** indicates series POC)
Business Areas for 04th Aug 2022:
Up
17414 – dPOC from 03rd Aug
17456 – 2 IB target of 3-day Value
17522 – VPOC from 13th Apr
17568 – Prev week range obj
17609 – PBH from 13th Apr
17640 – Weekly ATR objective
17679 – Selling Singles (13th Apr)
Down
17406 – NeuX zone low (03rd Aug)
17370 – LVN from 03rd Aug
17331 – NeuX VWAP (03rd Aug)
17285 – HVN from 03rd Aug
17221 – Singles Mid-point
17173 – NeuX zone low (29th Jul)
17137 – VPOC from 29th Jul
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Aug F: 38032 [ 38122 / 37744 ]
BNF also made an OAIR start and got rejected from yPOC of 38057 as it left a selling tail in the IB from 38012 to 38122 and continued to probe lower making lower lows till the E period where it hit 37744 taking support from yesterday’s HVN of 37764 marking the end of the downside for the day.
The auction then remained in a narrow range forming a ‘b’ shape profile for the day before the K period got into action mode & forced a move back into the morning singles and made a high of 38079 into the close leaving an inside day with mostly overlapping Value.
BNF has been forming a balance which can be seen in the 3-day composite here and needs initiative volumes for a move away from here 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 Variation Day – Down (Inside Bar)
- Largest volume was traded at 37923 F
- Vwap of the session was at 37909 with volumes of 36.5 L and range of 378 points as it made a High-Low of 38122-37744
- The settlement day Roll Over point (Aug 2022) is 37434
- The VWAP & POC of Jul 2022 Series is 35427 & 35099 respectively.
- The VWAP & POC of Jun 2022 Series is 33969 & 33498 respectively.
- The VWAP & POC of May 2022 Series is 34570 & 34477 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 37781-37923-37975
HVNs – 36325 / 37576 / 37912**
(** indicates series POC)
Business Areas for 04th Aug 2022:
Up
38079 – Selling Singles
38232 – Monthly IBH
38318 – Weekly 2 IB
38425 – VPOC from 05th Apr
38547 – LVN from 05th Apr
38628 – HVN from 05th Apr
38780 – FA / DSH (05th Apr)
Down
38025 – LVN from 03rd Aug
37923 – dPOC from 03rd Aug
37800 – Weekly IBL
37675 – Buying singles
37574 – Buying Singles (01st Aug)
37434 – August RO Point
37282 – Weekly IBL
(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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