Nifty Sep F: 17376 [ 17450 / 17300 ]
NF got rejected from yesterday’s PBH (Pull Back High) of 16420 at open and probed lower all through the IB (Initial Balance) as it not only swipted through previous value & range but went on to hit a low of 16306 leaving a relatively big IB range. The auction then made the dreaded C side extension but could only make a marginal new low of 17300 and got swiftly rejected triggering a slow probe back to the day’s VWAP which gained momentum in the ‘F’ period as NF got back into previous day’s range & value once again swiping through it but this time to the upside confirming a FA (Failed Auction) at lows and completed the 1 ATR objective of 17442 in the ‘H’ period where it made new ATH (All Time High) of 17450. The new highs did not sustain and the return back into previous day’s range gave the third swipe of the day as the auction went on to tag PDL (Previous Day Low) of 17361 into the close leaving a Neutral Centre Profile which was also an outside bar both in terms of Value & Range forming a 2-day composite with Value at 17363-17402-17422.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAOR)
- The Day type was a Neutral Centre Day (NeuC)
- Largest volume was traded at 17368 F
- Vwap of the session was at 17378 with volumes of 74.1 L and range of 150 points as it made a High-Low of 17450-17300
- NF confirmed a FA at 17300 on 07/09 and tagged the 1 ATR objective of 17442 on the same day. The 2 ATR target comes to 17585.
- 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 17349-17368-17432
Business Areas for 08th Sep:
Up
17402 – 2-day composite POC
17450 – PDH (Previous Day High)
17497 – Weekly 2 IB objective
17529 – 2 ATR target from 17237
Down
17363 – 2-day composite VAL
17328 – Weekly VAL
17286 – VPOC from 03rd Sep
17237 – PBL (Pull Back Low) 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: 36586 [ 36838 / 36251 ]
BNF opened lower and confirmed an ORR (Open Rejection Reverse) start as it made an attempt to get into the 4-day composite value but got rejected after making a high of 36735 triggering a big fall of 429 points in the IB (Initial Balance) as it stopped right at the 30th Aug Extension Handle of 36305. The auction then made new lows in the C period but could not sustain below the IBL as it left a small tail at lows from 36306 to 36251 just above 30th Aug Trend Day VWAP of 36230 and gave a retracement to the day’s VWAP in the D period and the subsequent scaling of VWAP again in the ‘E’ period led to a good short covering probe higher till the ‘H’ period as BNF made multiple REs (Range Extension) as it confirmed a FA (Failed Auction) at lows and completed the 1 ATR objective of 36731 getting back into the 4-day composite Value but got stalled just below the composite POC of 36847 as it tagged 36838 and left a similar small tail at the top of the day’s profile too indicating return of the supply which led to a move back to the dPOC of 36566 into the close giving a perfect Neutral Centre Day with mostly lower Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Rejection Reverse – Down (ORR)
- The Day type was a Neutral Centre Day (NeuC)
- Largest volume was traded at 36566 F
- Vwap of the session was at 36559 with volumes of 41.6 L and range of 587 points as it made a High-Low of 36838-36251
- BNF confirmed a FA at 36251 on 07/09 and tagged the 1 ATR objective of 36731 on the same day. The 2 ATR target comes to 37210.
- 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 36451-36566-36765
Business Areas for 08th Sep:
Up
36690 – Weekly IBL
36847 – 4-Day Composite VPOC
36963 – Composite VAH
37106 – SOC (Scene Of Crime) from 03rd Sep
Down
36566 – dPOC from 07th Sep
36451 – VAL from 07th Sep
36230 – Trend Day VWAP from 30th Aug
36092 – Extension Handle from 30th Augg
(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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