Nifty Aug F: 16517 [ 16535 / 16360 ]
NF continued the imbalance to the upside with an Open Drive Up on lower volumes and went on to form an OTF (One Time Frame) probe higher all day leaving a Trend Up profile tagging new highs of 16535 as it left an initiative buying tail from 16415 to 16359 and the typical afternoon PBL (Pull Back Low) of a Trend Day at 16455 which will be the levels to watch on the downside in the coming session whereas to continue higher, the auction would need to get fresh demand above the dPOC of 16516.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Drive – Up (OD) on lower volumes
- The Day type was a Trend Day – Up (TD)
- Largest volume was traded at 16516 F
- Vwap of the session was at 16466 with volumes of 63.6 L and range of 175 points as it made a High-Low of 16535-16360
- The settlement day Roll Over point (August) is 15805
- The VWAP & POC of Jul Series is 15778 & 15820 respectively.
- The VWAP & POC of Jun Series is 15721 & 15721 respectively.
- The VWAP & POC of May Series is 14945 & 15094 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 16440-16516-16533
Business Areas for 16th Aug:
Up
16524 – small tail from 13th Aug
16597 – Friday’s 3 IB target
16640 – Monthly balance 3 IB target
Down
16498 – Extension Handle from 13th Aug
16466 – Trend Day VWAP from 13th Aug
16415 – Buying singles from 13th Aug
(The are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Aug F: 36212 [ 36269 / 35960 ]
BNF opened higher and scaled above the spike high of 36128 but settled into an OAOR (Open Auction Out of Range) as it stalled in the selling tail of 11th Aug forming the lowest IB (Initial Balance) range of the week of just 190 points while taking support at 36056 which was just above the spike low of 36049. The auction then coiled till the H period remaining inside the IB after which it made a RE (Range Extension) lower in the ‘I’ period where it formed new lows of 35960 but was swiftly rejected from the yPOC of 35967 and this inturn led to a good move higher into the close as BNF went on make a RE to the upside in the ‘K’ period confirming a FA (Failed Auction) at lows but could not get above 11th Aug highs of 36275 as it made similar highs of 36265 & 36269 before closing around the dPOC of 36204 which had shifted higher leaving a nicely balanced Neutral Centre profile for the day with higher Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Neutral Centre Day (NeuC)
- Largest volume was traded at 36204 F
- Vwap of the session was at 36063 with volumes of 27.6 L and range of 309 points as it made a High-Low of 36269-35960
- The settlement day Roll Over point (August) is 34860
- The VWAP & POC of Jul Series is 35105 & 34804 respectively.
- The VWAP & POC of Jun Series is 35012 & 35070 respectively.
- The VWAP & POC of May Series is 33568 & 34828 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 36119-36204-36226
Business Areas for 16th Aug:
Up
36275 – Selling singles from 11th Aug
36340 – HVN from 10th Aug
36446 – 1 ATR from FA of 35960
Down
36159 – NeuC VWAP from 13th Aug
35960 – FA from 13th Aug
35897 – PBL from 12th Aug
(The are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive
