Nifty Sep F: 17866 [ 17949 / 17805 ]
NF gave a rare follow up to a NeuX (Neutral Extreme) profile with a gap up of 103 points but settled down into an OAOR (Open Auction Out of Range) as it could not find fresh demand above the 19th Aug extension handle of 17945 and made a very narrow 54 point IB (Initial Balance).
The auction then made the dreaded C side extension to 17949 where it trapped the laggard longs triggering an OTF (One Time Frame) probe lower till the I period confirming a FA (Failed Auction) at highs & tagging the yPOC of 17824 while making a low of 17805 but left a responsive buying tail till 17841 and closed as a Neutral Day at 17866.
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 Day (NeuD)
- Largest volume was traded at 17915 F
- Vwap of the session was at 17888 with volumes of 74.1 L and range of 145 points as it made a High-Low of 17949-17805
- NF confirmed a FA at 17949 on 09/09 and the 1 ATR target comes to 17737.
- NF confirmed a FA at 17695 on 08/09 and tagged the 1 ATR target of 17906 on 09/09. The 2 ATR objective comes to 18117.
- 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 17865-17915-17936
HVNs -17364 / 17598 / 17670**
(** indicates series POC)
Business Areas for 12th Sep 2022:
Up
17888 – VWAP from 09 Sep
17915 – dPOC from 09 Sep
17949 – FA from 09 Sep
17988 – Selling Singles (19 Aug)
18041 – VPOC from 19 Aug
18087 – Previous Month Range target
Down
17841 – Buying singles (09 Sep)
17805 – Weekly IBL
17779 – NeuX VWAP (08 Sep)
17728 – Buying singles
17695 – FA from 08 Sep
17656 – VPOC from 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: 40504 [ 40753 / 40362 ]
BNF also opened with a big gap up of 289 points and continued to probe higher in the IB getting into the Initiative Selling Singles of 40660 to 40950 from 28th Oct 2021 and even made a C side extension higher to 40753 just falling short of the 1.5 objective of 30771 which was indicating demand getting overcome by the supply.
The auction then not only got back into the IB in the D period but broke below the day’s VWAP & made multiple REs (Range Extension) to the downside as it closed the gap singles and stopped just short of the 2 IB target of 40361 marking the end of probe lower and settled down into a balance for the rest of the day giving a perfect Neutral Centre Day with a close around the dPOC of 40490.
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 Neutral Centre Day (NeuC)
- Largest volume was traded at 40490 F
- Vwap of the session was at 40565 with volumes of 31.4 L and range of 391 points as it made a High-Low of 40753-40362
- 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 40466-40490-40647
HVNs – 38423 / 39389 / 39515** / 39900
(** indicates series POC)
Business Areas for 12th Sep 2022:
Up
40565 – VWAP from 09 Sep
40717 – Selling singles (09 Sep)
40804 – IB Singles mid-point (28 Oct)
40948 – Weekly 1.5 IB target
41096 – Mid-profile singles (27 Oct)
41253 – VPOC from 27 Oct
Down
40426 – Buying singles (09 Sep)
40293 – VPOC from 08 Sep
40144 – Trend Day VWAP (08 Sep)
40057 – PBL from 08 Sep
39911 – IB Singles mid-point (08 Sep)
39807 – Weekly VWAP
(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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