Nifty Sep F: 17404 [ 17429 / 17361
NF opened with a gap up of 50 points and gave the typical OAOR (Open Auction Out of Range) start as it formed a narrow 50 point IB (Initial Balance) range between new ATH of 17429 & 17379 and made the dreaded C side extension lower where it made marignal new lows of 17365 setting up a retracement to the day’s VWAP where the auction got rejected yet again triggering a probe lower as the E period made new lows for the day at 17361 but once again could not sustain as the entire day and all the 13 TPOs spent time at 17394 forming an ultra prominent POC which acted as a magnet resulting in one of the most narrow range Gaussian Curve on the daily timeframe. Value was however completely higher and a move away from this balance on initiative volumes is expected in the coming session(s).
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 (Gaussian Profile)
- Largest volume was traded at 17404 F
- Vwap of the session was at 17399 with volumes of 45.4 L and range of 68 points as it made a High-Low of 17429-17361
- 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 17386-17405-17414
Business Areas for 07th Sep:
Up
17420 – PBH (Pull Back High) from 06th Sep
17479 – Weekly 2 IB objective
17529 – 2 ATR target from 17237
Down
17394 – PPOC from 06th Sep
17361 – PDL (Previous Day Low)
17286 – VPOC from 03rd 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: 36757 [ 37037 / 36690 ]
BNF opened slightly higher and tagged 37037 but got rejected from exactly the Friday’s open which was also Thursday’s high as it got back into the 3-day composite Value and completed the 80% Rule to the ‘T’ with the help of a C side extension where it made a low of 36690. The auction then remained in a narrow range between the composite POC of 36871 & 36690 for the rest of the day forming yet another ‘b’ shape profile for the day with the prominent POC at 36750 with the range & value being completely inside hence making the 3-day composite smoother with a 4-day one which looks like a nice Gaussian Curve with Value at 36709-36847-36963.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Day – Inside Bar (‘b’ shape profile)
- Largest volume was traded at 36750 F
- Vwap of the session was at 36817 with volumes of 22.6 L and range of 347 points as it made a High-Low of 37037-36690
- 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 36728-36750-36850
Business Areas for 07th Sep:
Up
36847 – 4-Day Composite POC
36963 – Composite VAH
37106 – SOC (Scene Of Crime) from 03rd Sep
37258 – 2 ATR objective from 36322
Down
36709 – Composite VAL
36579 – Buying singles from 02nd Sep
36480 – weekly VAL
36305 – Extension Handle from 30th Aug
(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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