Nifty Sep F: 17964 [ 18024 / 17872 ]
NF made a low volumes OAIR (Open Auction In Range) start but gave an initiative move away from previous Value in form of an initaitive buying tail from 17944 to 17872 after which it went on to negate the FA of 17949 & stayed above it all day making a high of 18024 stalling below the 19th Aug VPOC of 18041 forming a narrow range ‘p’ shape profile with a prominent POC at 17979 & completely higher Value indicating that the PLR (Path of Least Resistance) remains to the upside.
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 Variation Day – Up (‘p’ shape profile)
- Largest volume was traded at 17979 F
- Vwap of the session was at 17969 with volumes of 64.3 L and range of 152 points as it made a High-Low of 18024-17872
- NF confirmed a FA at 17949 on 09/09 which got negated in the very next session of 12/09. The 1 ATR objective on the upside comes to 18160.
- 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 17954-17979-18002
HVNs -17364 / 17598 / 17670**
(** indicates series POC)
Business Areas for 13th Sep 2022:
Up
17979 – dPOC from 12 Sep
18041 – VPOC from 19 Aug
18094 – Weekly 2 IB target
18117 – 2 ATR from FA of 17695
18160 – 1 ATR from FA of 17949
18197 – Weekly ATR from 17675
Down
17949 – Negated FA from 09 Sep
17905 – Singles Mid-point
17841 – Buying singles (09 Sep)
17805 – Weekly IBL
17779 – NeuX VWAP (08 Sep)
17728 – Buying singles
(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: 40673 [ 40770 / 40459 ]
BNF remained mostly in previous day’s range after leaving an A period buying tail from 40605 to 40459 as it made marginal new highs for the series at 40770 in the G period but it turned out to be a PBH as the auction ended the day as a ‘p’ shape profile closing right at the prominent POC of 40670 leaving a pretty narrow range of just 311 points.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up (‘p’ shape profile)
- Largest volume was traded at 40670 F
- Vwap of the session was at 40661 with volumes of 25.7 L and range of 311 points as it made a High-Low of 40770-40459
- 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 40639-40670-40735
HVNs – 38423 / 39389 / 39515** / 39900
(** indicates series POC)
Business Areas for 13th Sep 2022:
Up
40670 – dPOC from 12 Sep
40759 – Selling singles
40948 – Weekly 1.5 IB target
41096 – Mid-profile singles (27 Oct)
41179 – Weekly ATR from 39905
41253 – VPOC from 27 Oct
Down
40661 – VWAP from 12 Sep
40532 – IB singles mid-point
40426 – Buying singles (09 Sep)
40293 – VPOC from 08 Sep
40144 – Trend Day VWAP (08 Sep)
40057 – PBL from 08 Sep
(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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