Nifty Sep F: 17824 [ 17837 / 17695 ]
NF opened with a gap up of 99 points and scaled above the 06th Sep Swing High of 17788 as it went on to make a high of 17813 in the IB where it failed to get fresh demand and settled down into a low volume grind & a balance in a narrow range of 71 points till the G period.
The auction then made a swipe lower in the H TPO as it made new lows for the day at 17695 but held just above the 5-day composite VAH of 17682 leaving a responsive buying tail till 17728 and the probe above the day’s VWAP in the K period triggering a spike to 17837 in the L period as NF stalled just below the 30th Aug VPOC of 17839 leaving a Neutral Extreme Day Up along with a FA at lows but also saw the dPOC shifting higher to 17824 which will be the opening reference for the next session.
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 Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 17824 F
- Vwap of the session was at 17779 with volumes of 94.1 L and range of 143 points as it made a High-Low of 17837-17695
- NF confirmed a FA at 17695 on 08/09 and the 1 ATR target comes to 17906.
- 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 17758-17824-17835
HVNs -17364 / 17598 / 17670**
(** indicates series POC)
Business Areas for 09th Sep 2022:
Up
17839 – dPOC from 30 Aug
17864 – HVN from 19 Aug
17906 – 1 ATR from FA of 17695
17945 – Extension Handle (19 Aug)
17988 – Selling Singles (19 Aug)
18041 – VPOC from 19 Aug
Down
17824 – dPOC from 08 Sep
17779 – NeuX VWAP (08 Sep)
17728 – Buying singles
17695 – FA from 08 Sep
17656 – VPOC from 07 Sep
17610 – Extension Handle (07 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: 40312 [ 40375 / 39820 ]
BNF not only opened with a big gap up of 312 points but swiped through the 2-day composite (05th-06th Sep) with an initiative buying tail from 40003 to 39820 & formed a slow Trend Day Up as it managed to stay above VWAP all day leaving the typical afternoon PBL (Pull Back Low) at 40108 before it made the final move to the upside with the help of an extension handle at 40250 to hit new highs of this series at 40375.
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 Slow Trend Day – Up (TD)
- Largest volume was traded at 40293 F
- Vwap of the session was at 40144 with volumes of 40.7 L and range of 555 points as it made a High-Low of 40375-39820
- 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 40088-40293-40375
HVNs – 38423 / 39389 / 39515** / 39900
(** indicates series POC)
Business Areas for 09th Sep 2022:
Up
40338 – HVN from 08 Sep
40442 – PBH from 28 Oct 2021
40543 – Mid-profile zone (28 Oct)
40660 – Selling Singles (28 Oct)
40804 – IB Singles mid-point (28 Oct)
40925 – 1 ATR from dPOC of 40293
Down
40293 – dPOC from 08 Sep
40144 – Trend Day VWAP (08 Sep)
40057 – PBL from 08 Sep
39911 – IB Singles mid-point (08 Sep)
39807 – Weekly VWAP
39715 – Weekly IBH
(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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