Nifty Aug F: 16261 [ 16295 / 16188 ]
NF continued previous day’s imbalance with not just a higher open but an upside probe till 16270 in the IB (Initial Balance) after which it made the dreaded C side extension hitting new highs of 16295 but could not sustain marking the end of the imbalance and forming a balance for the rest of the day leaving a Normal Day with a close at the prominent POC of 16261. Value was completely higher for the 4th consecutive session but the auction will need to stay above 16261 to continue this uptrend whereas on the downside today’s PBL of 16219 along with the buying singles of 16203 would be the zone to watch.
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 Day (Balanced profile)
- Largest volume was traded at 16260 F
- Vwap of the session was at 16254 with volumes of 73.1 L and range of 107 points as it made a High-Low of 16295-16188
- 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 16235-16260-16272
Business Areas for 05th Aug:
Up
16262 – Prominent POC of 4th Aug
16292 – C side tail from 4th Aug
16331 – 1 ATR move from PDL
Down
16253 – VWAP from 4th Aug
16203 – Buying singles of 4th Aug
16156 – VPOC from 3rd Aug
(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: 36094 [ 36275 / 35413 ]
BNF not just continued previous day’s imbalance but put up an even stronger show first with an Open Drive Up as it left a long initiative buying tail from 35639 to 35413 in the IB and then with multiple REs to the upside starting with an extension handle at 35748 as it went on to tag the 16th Jul VPOC of 35992 in the ‘D’ period followed by a retracement to the day’s VWAP as the auction left a PBL at 35755 taking support just above the IBH and followed it up with a fresh set of REs from the ‘I’ period onwards where it completed the 2 IB objective for the day and even scaled above the 16th Jul swing highs of 36199 while hitting new highs of 36275. This unchartered teritory attracted some good profit booking by the longs resulting in a resposive selling tail from 36275 to 36194 as BNF made a retracement to 36012 into the close before closing the day at 36094 leaving a Normal Variation profile with completely higher Value . Today’s imbalance could be follower by a balance in the next session with 36194 as reference on the upside and the dPOC at 35943 along with the PBL at 35755 being the levels to watch on the downside.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Drive – Up (OD)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 35943 F
- Vwap of the session was at 35901 with volumes of 52.8 L and range of 862 points as it made a High-Low of 36275-35413
- 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 35767-35943-36228
Business Areas for 05th Aug:
Up
36194 – Responsive selling tail from 4th Aug
36349 – Monthly 1.5 IB objective
36554 – Daily Swing High from 12th Mar
Down
35943 – dPOC from 4th Aug
35748 – Extension Handle from 4th Aug
35639 – Buying tail from 4th Aug
(The are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive
