Nifty Aug F: 17557 [ 17584 / 17377 ]
NF opened with a test of previous Neutral Centre profile’s responsive buying tail from 17388 to 17363 as it made a low of 17377 and was swiftly rejected leaving a buying tail at the yPOC of 17418 while making a high of 17467 in the IB (Initial Balance).
This initiative action triggering an OTF (One Time Frame) probe higher till the I period as the auction left an extension handle at 17467 & completed the 2 IB objective of 17557 while making a high of 17584 after which it made a retracement back to the day’s VWAP plus PDH (Previous Day High) of 17514 leaving a PBL (Pull Back Low) at 17513 before closing the day around the dPOC of 17562.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 17562 F
- Vwap of the session was at 17512 with volumes of 77.5 L and range of 207 points as it made a High-Low of 17584-17377
- NF confirmed a FA at 17055 on 29/07 and tagged the 2 ATR objective of 17364 on the 01/08. This FA has not been tagged & is now positional reference..
- The settlement day Roll Over point (Aug 2022) is 16963
- The VWAP & POC of Jul 2022 Series is 16556 & 15976 respectively.
- The VWAP & POC of Jun 2022 Series is 15895 & 15793 respectively.
- The VWAP & POC of May 2022 Series is 16270 & 16340 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 17484-17562-17582
HVNs -17128 / 17320** / 17460
(** indicates series POC)
Business Areas for 10th Aug 2022:
Up
17562 – dPOC from 08 Aug
17629 – Weekly 2 IB target
17689 – 1 ATR up from 17514
17743 – Weekly 3 IB / NeuX VWAP (11 Apr)
17784 – Monthly 2 IB
17820 – HVN from 08 Apr
Down
17514 – Weekly IBH
17467 – Extension Handle (08 Aug)
17418 – dPOC from 05 Aug
17377 – Buying tail low (05 Aug)
17340 – 1 ATR from FA of 17514
17298 – NeuX Weekly VWAP
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Aug F: 38288 [ 38363 / 37751 ]
BNF opened lower & probed below the Friday’s Low of 37804 as it tagged 37751 stopping just above the 04th Aug VPOC of 37725 and was swiftly rejected back into previous day’s range & value which it swiped through in the first 4 TPOs leaving an initiative buying tail in the IB from 37971 to 37751 & couple of extension handles at 37998 & 38064 as it made a high of 38213 in the D period.
The auction then gave a small retracement to 38100 leaving a PBL (Pull Back Low) in the F TPO before resuming the upside probe with the third extension handle at 38213 & formed higher highs till the I period where it hit 38363 almost completing the 2 IB objective of 38377 which saw some profit booking coming in & causing the dPOC to shift higher to 38294 with BNF also closing the day right there leaving an Outside Bar with completely higher Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Rejection Reverse – Up (ORR)
- The Day type was a Normal Variation Day – Up (Outside Bar)
- Largest volume was traded at 38294 F
- Vwap of the session was at 38147 with volumes of 35.7 L and range of 612 points as it made a High-Low of 38363-37751
- The settlement day Roll Over point (Aug 2022) is 37434
- The VWAP & POC of Jul 2022 Series is 35427 & 35099 respectively.
- The VWAP & POC of Jun 2022 Series is 33969 & 33498 respectively.
- The VWAP & POC of May 2022 Series is 34570 & 34477 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 38088-38294-38362
HVNs – 36325 / 37576 / 37912**
(** indicates series POC)
Business Areas for 10th Aug 2022:
Up
38294 – dPOC from 08 Aug
38376 – 1.5 Weekly IB
38493 – 1 ATR from 37725
38628 – HVN from 05th Apr
38780 – FA from 05th Apr
38900 – Extension Handle (10 Feb)
Down
38232 – Monthly IBH
38147 – VWAP from 08 Aug
38064 – Extension Handle (08 Aug)
37971 – Buying Singles (08 Aug)
37861 – Mid-point of buying tail
37725 – VPOC from 04th 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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