Nifty Aug F: 17558 [ 17585 / 17455 ]
NF opened with an OH (Open=High) start at 17580 & finding no fresh demand probed lower in the IB (Initial Balance) as it broke below the Weekly IBH of 17514 & the 08th Aug Extension Handle of 17467 while making a low of 17455 but left a good responsive buying tail till 17493 indicating buyers coming back.
However, the buying was not strong enough to make an extension on the upside as the auction settled down to form a nice balance for the rest of the day and made an attempt to spike in the K period where it made marginal new highs of 17585 but volumes were missing causing a close at the dPOC of 17558 leaving a Normal Day with a nice 2-day balance (Click here to view the composite MarketProfile chart) at 17505-17557-17569 looking set to move away from here in the coming session.
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 Day (Inside Bar)
- Largest volume was traded at 17558 F
- Vwap of the session was at 17532 with volumes of 75.6 L and range of 130 points as it made a High-Low of 17585-17455
- 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 17514-17558-17568
HVNs -17128 / 17320** / 17460
(** indicates series POC)
Business Areas for 11th Aug 2022:
Up
17569 – 2-day composite VAH
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
17543 – Closing PBL (10 Aug)
17493 – Buying Singles (10 Aug)
17455 – Buying tail low
17418 – dPOC from 05 Aug
17377 – Buying tail low (05 Aug)
17340 – 1 ATR from FA of 17514
(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: 38356 [ 38451 / 38205 ]
BNF formed a nice balance in a narrow range of 246 points as it remained in the A period all day with attempts to move out failing in the B & C TPOs with marginal new lows of 38205 & highs of 38451 respectively building an ultra prominent POC at 38367 which has all the TPOs aligned in a line and could give a move away from here in the coming session.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction (OA)
- The Day type was a Normal Day
- Largest volume was traded at 38358 F
- Vwap of the session was at 38352 with volumes of 26.4 L and range of 246 points as it made a High-Low of 38451-38205
- 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 38317-38358-38426
HVNs – 36325 / 37576 / 37912**
(** indicates series POC)
Business Areas for 11th Aug 2022:
Up
38367 – PPOC from 10 Aug
38446 – Selling tail (10 Aug)
38567 – Weekly 2 IB
38707 – 1.5 Monthly IB
38855 – 1 ATR from 38367
38948 – Weekly 3 IB
Down
38352 – VWAP from 10 Aug
38255 – PBL from 10 Aug
38147 – VWAP from 08 Aug
38064 – Extension Handle (08 Aug)
37971 – Buying Singles (08 Aug)
37861 – Mid-point of buying tail
(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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