Nifty Sep F: 17329 [ 17342 / 17211 ]
NF formed a balanced profile with the narrowest daily range of this series so far after the previous day’s imbalance making a small hint that the trade facilitation on the upside could be getting poorer though the auction formed new all time highs of 17342 into the close and would need to sustain above it in the next session and attract new demand to continue higher whereas on the downside, there is a good chance of the 80% Rule being implemented if NF stays below 17316 in the next open.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 17286 F
- Vwap of the session was at 17290 with volumes of 67.7 L and range of 128 points as it made a High-Low of 17342-17211
- 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 17255-17286-17316
Business Areas for 06th Sep:
Up
17342 – PDH (Previous Day High)
17383 – 1 ATR objective from 17237
17529 – 2 ATR target from 17237
Down
17290 – VWAP from 03rd Sep
17237 – PBL from 03rd Sep
17191 – VWAP from 02nd Sep
17124 – Weekly POC
(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: 36900 [ 37249 / 36670 ]
BNF saw the continuation of previous day’s spike at open as it scaled above the recent swing high of 37085 and hit new highs for the week at 37249 in the A period but could not sustain and the entry back into previous day’s range in the ‘C’ period led to a long liquidation ‘b’ shape profile for the day as BNF made a low of 36670 before closing at this week’s prominent POC of 36858. Value for the last 3 days has been overlapping giving a nice composite at 36687-36871-36969 and a move away from here on good volumes can be expected in the coming session(s).
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 36930 F
- Vwap of the session was at 36947 with volumes of 35 L and range of 579 points as it made a High-Low of 37249-36670
- 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 36749-36930-37039
Business Areas for 06th Sep:
Up
36969 – PBH (Pull Back High) from 03rd Sep
37106 – SOC (Scene Of Crime) from 03rd Sep
37258 – 2 ATR objective from 36322
37340 – Monthy ATR target
Down
36871 – 3-day composite POC
36687 – Composite VAL
36579 – Buying singles from 02nd Sep
36480 – weekly VAL
(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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