Nifty Aug F: 16263 [ 16325 / 16182 ]
NF made a hat-trick of OAIR (Open Auction In Range) start but seemed to give a move away from the composite POC of 16260 as it left an initiative buying tail in the IB (Initial Balance) from 16302 to 16251 but once again stalled just below the 05th Aug HVN of 16333 as it could not get above IBH of 16325 and this lack of fresh demand led to a slow OTF (One Time Frame) probe to the downside till the ‘J’ period in search of buyers as the auction made multiple REs and went on to test the buying singles of 04th Aug (16203 to 16188) while making a low of 16182 & almost completing the 2 IB objective where it left a responsive buying tail at lows indicating the end of the downside probe for the day. NF then made a retracement to the day’s VWAP into the close and in the process even got the dPOC down to 16266 closing right there and forming overlapping Value. The composite of last 2 days which has similar highs is giving a nice Gaussian profile with Value at 16235-16266-16304 and a move away from this POC at the next open could signal the start of a fresh imbalance in the coming session(s).
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 16266 F
- Vwap of the session was at 16258 with volumes of 56.5 L and range of 143 points as it made a High-Low of 16325-16182
- The settlement day Roll Over point (August) is 15805
- The VWAP & POC of Jul Series is 15778 & 15820 respectively.
- The VWAP & POC of Jun Series is 15721 & 15721 respectively.
- The VWAP & POC of May Series is 14945 & 15094 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 16189-16266-16286
Business Areas for 10th Aug:
Up
16266 – 3-day composite POC
16331 – HVN from 05th Aug
16397 – 1.5 weekly objective
Down
16190 – Resposive buying tail from 09th Aug
16156 – VPOC from 3rd Aug
16105 – Buying singles from 3rd Aug
(The are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Aug F: 36128 [ 36278 / 35804 ]
BNF did give a move away from the 3-day composite Value in the IB (Initial Balance) as it left singles from 36130 to 36804 and even made a look up above previous week’s high of 36275 as it tagged 36278 but did not find any fresh demand and profit booking by the morning buyers led to a small responsive selling tail being confirmed in the ‘C’ period after which the auction made a probe back into the 3-day composite completing the 80% Rule to the downside as it made a low of 35850 in the ‘J’ period stopping right above the VAL indicating demand coming back. BNF then not only reversed the probe to the upside completing the 80% Rule this time in the opposite direction but went on to close at 36128 shifting the dPOC also higher leaving yet another Normal Day. Value for the day was overlapping to higher and seemed to have filled up the upper part of the composite leaving a much smoother 4-day balance now at 35874-35935-36144 as this round of balance seems to be coming to a close.
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
- Largest volume was traded at 36120 F
- Vwap of the session was at 36071 with volumes of 33.8 L and range of 474 points as it made a High-Low of 36278-35804
- The settlement day Roll Over point (August) is 34860
- The VWAP & POC of Jul Series is 35105 & 34804 respectively.
- The VWAP & POC of Jun Series is 35012 & 35070 respectively.
- The VWAP & POC of May Series is 33568 & 34828 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 35968-36120-36160
Business Areas for 10th Aug:
Up
36231 – Responsive tail from 09th Aug
36415 – Monthly range objective
36515 – Weekly 1.5 IB objective
36752 – Weekly 2 IB objective
Down
36071 – VWAP from 09th Aug
35935 – 4-day composite POC
35748 – Extension Handle from 04th Aug
35544 – Buying transition from 04th Aug
(The 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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