Nifty Aug F: 17685 [ 17736 / 17657 ]
NF opened with a big gap up of 153 points but settled down into an OAOR (Open Auction Out of Range) forming an ultra narrow range of just 38 points in the Initial Balance (IB) after forming similar highs at 17736 & 17732 indicating demand drying up completely.
The auction then made a RE (Range Extension) to the downside in the E period where it made new lows of 17663 & gave a bounce back to the dPOC of 17717 in the G TPO where it got rejected leaving a PBH (Pull Back High) at 17718 and went on to complete the 2 IB target of 17660 in the I period while making a low of 17657 from where it gave a bounce to the day’s VWAP in the K TPO but left another PBH at 17710 and closed the day around the HVN of 17680 forming a Gaussian Curve in a range of just 79 points.
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 Normal Variation Day – Down (NV)
- Largest volume was traded at 17717 F
- Vwap of the session was at 17699 with volumes of 77.3 L and range of 79 points as it made a High-Low of 17736-17657
- 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 17684-17717-17724
HVNs -17128 / 17320** / 17460
(** indicates series POC)
Business Areas for 12th Aug 2022:
Up
17710 – PBH from 11 Aug
17749 – NeuX VWAP (11 Apr)
17784 – Monthly 2 IB
17820 – HVN from 08 Apr
17880 – VPOC from 11 Apr
17944 – 08 Apr Swing High
Down
17665 – Buying Singles (11 Aug)
17611 – Mid-point of singles
17558 – VPOC from 10 Aug
17493 – Buying Singles (10 Aug)
17455 – Buying tail low
17418 – dPOC from 05 Aug
(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: 38943 [ 38982 / 38694 ]
BNF also opened higher by 394 points and continued to probe higher in the IB completing the 1 ATR objective of 38855 from the prominent yPOC of 38367 as it made a high of 38898 and left an A period buying tail from 38830 to 38694.
The auction then settled down in a narrow range for the rest of the day as it stayed above VWAP all the time and made multiple attempts to extend the range to the upside but could only manage 38982 leaving a ‘p’ shape profile for the day with another PPOC at 38898 although the close was around the volume POC of 38936.
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 Normal Day (‘p’ shape profile)
- Largest volume was traded at 38936 F
- Vwap of the session was at 38867 with volumes of 31.4 L and range of 286 points as it made a High-Low of 38982-38694
- 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 38836-38936-38962
HVNs – 36325 / 37576 / 37912**
(** indicates series POC)
Business Areas for 12th Aug 2022:
Up
38936 – dPOC from 11 Aug
39012 – VWAP from 10 Feb
39116 – VPOC from 10 Feb
39255 – 10 Feb Swing High
39355 – Selling singles (04 Feb)
39540 – FA from 04 Feb
Down
38898 – PPOC from 11 Aug
38830 – Buying Singles (11 Aug)
38694 – Buying tail Lows
38554 – Gap Mid-point
38446 – Weekly Singles Zone
38358 – VPOC from 10 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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