Nifty Aug F: 17713 [ 17753 / 17621 ]
NF opened the day with a probe to the downside from the HVN of 17680 as it got into the buying singles of 17665 to 17558 and made a low of 17621 taking support just above the Mid-point of 17611 marking the end of the downside for the day after which it left a fresh buying tail in the IB (Initial Balance) till 17651 and not only completed the 80% Rule in previous Value but went on to make new highs of the series at 17753 where it failed to get fresh demand and gave a close around the dPOC of 17707 forming an Outside Day both in terms of range & value.
The auction has formed a 2-day balance with Value at 17685-17717-17721 and had a bright chance of moving away from here in the next session with the PLR (Path of Least Resistance) being to the upside.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction (OA)
- The Day type was a Normal Variation Day – Up (Outside Day)
- Largest volume was traded at 17707 F
- Vwap of the session was at 17695 with volumes of 71.3 L and range of 133 points as it made a High-Low of 17753-17621
- 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 17681-17707-17735
HVNs -17128 / 17320** / 17460 / 17556 / 17712
(** indicates series POC)
Business Areas for 16th Aug 2022:
Up
17721 – 2-day comp VAH
17784 – Monthly 2 IB
17820 – HVN from 08 Apr
17880 – VPOC from 11 Apr
17944 – 08 Apr Swing High
18010 – Extension Handle (05 Apr)
Down
17685 – 2-day comp VAL
17621 – Weekly IBL
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: 39077 [ 39115 / 38790 ]
BNF made a look up above PDH (Previous Day High) making new highs of 39017 but was swiftly rejected as it swiped through previous Value and tested Thursday’s A period singles of 38830 to 38694 and took support at 38790 leaving a relatively big range of 227 points for the first 30 minutes.
The auction then remained in this range till the D period before making multiple REs (Range Extension) to the upside from the E TPO onwards but could only manage marginal new highs of 39096 in the H indicating the inventory getting too long which triggered a dip in the K period to 38996 as BNF held above PDH and went on to give a mini-spike higher to 39115 into the close leaving a hat-trick of Normal Days but once again with mostly higher Value.
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 39076 F
- Vwap of the session was at 38983 with volumes of 25.3 L and range of 325 points as it made a High-Low of 39115-38790
- 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 38906-39076-39098
HVNs – 36325 / 37576 / 37912**
(** indicates series POC)
Business Areas for 16th Aug 2022:
Up
39096 – Weekly IBH
39250 – 1.5 Weekly IB
39404 – Weekly 2 IB target
39540 – FA from 03 Feb
39670 – PBH from 09 Nov 2021
39818 – Trend Day VWAP (03 Nov)
Down
39076 – dPOC from 12th Aug
38937 – 2-day HVN
38820 – Buying Singles (12 Aug)
38694 – Buying tail Lows
38554 – Gap Mid-point
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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