Nifty Sep F: 17651 [ 17680 / 17521 ]
NF opened with a 140 point gap down and made a look down below the A period singles from 17600 to 17540 as it made a low of 17521 in the opening minutes but was swiftly rejected from the test of 17530 which was the Aug 2022 series POC & VWAP triggering a probe back into previous day’s range as it made a high of 17610 in the IB.
The auction then formed a balance inside the IB till the E period where it left a PBL at 17541 and went on to make a RE in the F TPO with the help of an extension handle at 17610 and went on to make a high of 17680 in the I period stalling right at yPOC of 17678 & the 2-day composite VWAP of 17685 marking the end of the upside for the day as it formed another small balance higher with the dPOC shifting to 17656 into the close leaving a irregular DD (Double Distribution) profile up for the day.
On the larger timeframe, NF has remained inside the 30th Aug Trend Day profile for the past 5 sessions forming a large composite with Value at 17550-17582-17682 & can signal a move out of this soon in the coming session(s). (Click here to view the 5-day composite chart on MPLite)
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Double Distribution Day – Up (DD)
- Largest volume was traded at 17656 F
- Vwap of the session was at 17608 with volumes of 84.3 L and range of 159 points as it made a High-Low of 17680-17521
- 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 17626-17656-17679
HVNs -17364 / 17598 / 17670**
(** indicates series POC)
Business Areas for 08th Sep 2022:
Up
17682 – 5-day composite VAH
17726 – LVN from 5-day comp
17788 – 06 Sep Swing High
17839 – dPOC from 30 Aug
17897 – PBH from 19 Aug
17945 – Extension Handle (19 Aug)
17988 – Selling Singles (19 Aug)
18041 – VPOC from 19 Aug
Down
17625 – 5-day composite VWAP
17582 – 5-day composite POC
17541 – Buying Singles (07 Sep)
17472 – IB singles mid-point
17411 – Gap Mid-point (30 Aug)
17365 – dPOC from 29 Aug
17310 – Weekly 1 ATR from 17844
(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: 39592 [ 39713 / 39340 ]
BNF also opened with a big gap down of 374 points and took support at the 2-day composite VAL of 39348 as it made a low of 39340 & completed the 80% Rule forming a narrow 373 points range balanced profile for the day with completely lower Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Up
- Largest volume was traded at 39633 F
- Vwap of the session was at 39553 with volumes of 36.7 L and range of 373 points as it made a High-Low of 39713-39340
- 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 39494-39633-39655
HVNs – 38423 / 39389 / 39515**
(** indicates series POC)
Business Areas for 08th Sep 2022:
Up
39633 – dPOC from 07 Sep
39715 – Weekly IBH
39807 – VPOC from 06 Sep
39912 – 2-Day composite VPOC
40014 – LVN from 06 Sep
40111 – Selling Singles (06 Sep)
40276 – Selling singles (03 Nov)
40442 – PBH from 28 Oct 2021
Down
39564 – HVN from 07 Sep
39441 – Buying Singles (07 Sep)
39311 – Weekly IBL
39159 – Weekly VWAP
39035 – Sep RO (Roll Over) Point
38946 – Extension Handle (30 Aug)
38879 – Buying Singles (30 Aug)
38742 – IB singles mid-point
(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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