Nifty Sep F: 18105 [ 18123 / 18032 ]
NF made the 4th consecutive gap up open and took out the 19th Aug VPOC of 18041 but settled down into an OAOR (Open Auction Out of Range) forming a narrow range of just 58 points in the IB (Initial Balance) between 18091 to 18032 and followed it up with a typical C side extension to 18095 which was swiftly rejected triggering a mini-liquidation break below the day’s VWAP as the auction left a PBL at 18045 and reversed the probe back to the upside making couple of REs (Range Extension) in the F & G periods hitting similar highs of 18121 & 18123 completing the 2 ATR objective from the FA of 17695.
The rest of the day remained in the narrow 40 point range of the F TPO as it left an important PBL at 18093 and got the dPOC to shift higher to 18105 closing exactly there leaving a mere 91 points range profile with completely higher Value but has began to show very poor trade facilitation.
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 – Up
- Largest volume was traded at 18105 F
- Vwap of the session was at 18089 with volumes of 66.6 L and range of 91 points as it made a High-Low of 18123-18032
- 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 2 ATR target of 18117 on 13/09. This FA is on ‘T+4’ Days.
- 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 18079-18105-18121
HVNs -17364 / 17598 / 17670**
(** indicates series POC)
Business Areas for 14th Sep 2022:
Up
18121 – Selling singles (13 Sep)
18160 – 1 ATR from FA of 17949
18197 – Weekly ATR from 17675
18239 – Weekly 3 IB target
18274 – VPOC from 18th Jan 2022
18327 – Weekly ATR objective
Down
18093 – PBL from 13 Sep
18045 – Buying Singles (13 Sep)
18004 – Singles mid-point
17979 – VPOC from 12 Sep
17949 – Negated FA from 09 Sep
17905 – Singles Mid-point
Extented Business Areas
17841 – Buying singles (09 Sep)
17805 – Weekly IBL
17779 – NeuX VWAP (08 Sep)
17728 – Buying singles
17695 – FA from 08 Sep
17656 – VPOC from 07 Sep
(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: 40941 [ 40986 / 40783 ]
BNF opened higher & remained above PDH (Previous Day High) but settled down into an ultra-narrow range balance of just 134 points till the I period before making multiple REs (Range Extension) to the upside from the J to L TPOs but could only manage to tag the 1.5 IB objective of 40984 as it made a high of 40986 and saw the dPOC shifting higher to 40938 where it closed.
Similar to NF, the auction displayed pretty poor trade facilitation for the second consecutive day indicating demand drying up in this zone and a good chance for the sellers to come back aggressively.
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 Variation Day – Up
- Largest volume was traded at 40938 F
- Vwap of the session was at 40886 with volumes of 23.2 L and range of 203 points as it made a High-Low of 40986-40783
- 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 40845-40938-40945
HVNs – 38423 / 39389 / 39515** / 39900
(** indicates series POC)
Business Areas for 14th Sep 2022:
Up
40977 – Selling singles (13 Sep)
41096 – Mid-profile singles (27 Oct)
41253 – VPOC from 27 Oct
41388 – VPOC from 26 Oct
41501 – 1 ATR from dPOC of 40938
41637 – Weekly ATR objective
Down
40938 – dPOC from 13 Sep
40800 – Buying Singles (13 Sep)
40670 – VPOC from 12 Sep
40532 – IB singles mid-point
40426 – Buying singles (09 Sep)
40293 – VPOC from 08 Sep
Extented Business Areas
40144 – Trend Day VWAP (08 Sep)
40057 – PBL from 08 Sep
39911 – IB Singles mid-point (08 Sep)
39807 – Weekly VWAP
39715 – Similar highs (01 & 07 Sep)
39633 – VPOC from 07 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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