Nifty Sep F: 17710 [ 17727 / 17540 ]
NF opened with a move away from the yPOC of 17560 and the Double Inside Day Value with an initiative buying tail from 17641 to 17540 in the IB (Initial Balance) but settled down into a balance for the rest of the day as it made multiple highs in the 17720 to 17730 zone stalling just below the 01st Sep FA of 17735 leaving a ‘p’ shape profile for the day with a close around the dPOC of 17702.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range + Drive (Up) (OAIR + D)
- The Day type was a Normal Variation Day – Up (‘p’ shape profile)
- Largest volume was traded at 17702 F
- Vwap of the session was at 17679 with volumes of 75.6 L and range of 188 points as it made a High-Low of 17727-17540
- 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 17667-17702-17721
HVNs -17364 / 17598 / 17670**
(** indicates series POC)
Business Areas for 06th Sep 2022:
Up
17725 – PBH from 05 Sep
17769 – Extension Handle (30 Aug)
17839 – dPOC from 30 Aug
17897 – PBH from 19 Aug
17945 – Extension Handle (19 Aug)
17988 – Selling Singles (19 Aug)
Down
17702 – dPOC from 05 Sep
17660 – PBL from 05 Sep
17591 – IB singles mid-point
17538 – PBL from 02 Sep
17472 – IB singles mid-point
17440 – 29 Aug High
(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: 39920 [ 39999 / 39456 ]
BNF gave an Open Test Drive Up start moving away from the 2-day balance with the help of a long A period buying tail from 39725 to 39456 as it made a high of 39932 in the IB forming a large range of 476 points & stalling just below the 19th Aug Swing High of 39950.
The auction then made a marginal C side extension to 39940 which got rejected & triggered a retracement to the days VWAP where it left a PBL at 39804 and made another RE attempt in the G period where it scaled above 39950 but could only manage 39999 reacting at the BRN (Big Round Number) of 40000 which was last seen on 03rd Nov 2021 and leaving a ‘p’ shape profile for the day with a close right at the dPOC of 39920.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Test Drive – Up (OTD)
- The Day type was a Normal Variation Day – Up (‘p’ shape profile)
- Largest volume was traded at 39917 F
- Vwap of the session was at 39870 with volumes of 33.8 L and range of 542 points as it made a High-Low of 39999-39456
- 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 39833-39917-39974
HVNs – 38423 / 39389**
(** indicates series POC)
Business Areas for 06th Sep 2022:
Up
39917 – dPOC from 05 Sep
40012 – 2 ATR from 38906
40167 – HVN from 03 Nov 2021
40276 – Selling singles (03 Nov)
40442 – PBH from 28 Oct 2021
40522 – Weekly 3 IB target
Down
39870 – VWAP from 05 Sep
39799 – Monthly IBH
39654 – 2-day composite VAH
39537 – 2-day composite POC
39415 – PBL from 02 Sep
39311 – 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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