Nifty Sep F: 17359 [ 17393 / 17264 ]
NF made yet another OAIR (Open Auction In Range) start but got rejected right at the composite POC of 17366 at open and gave a trending move to the downside in the IB (Initial Balance) as it not only broke below the composite VAL of 17313 & the FA of 17301 but went on to break below previous week’s low of 17276 while making a low of 17264 where it got some fresh demand coming back which could be seen in form of a small tail at lows from 17274 to 17264 as the C period got over. The auction then scaled above VWAP in the D period confirming that the buyers were back in control triggering the 80% Rule in the composite Value of 17313-17366-17398 as it made an OTF (One Time Frame) probe higher till the ‘K’ period where it made a high of 17393 almost completing the 80% Rule and saw good profit booking by the longs as a small tail got confirmed at the top also from 17383 to 17393 leading to a close at the dPOC of 17361. On the larger timeframe, NF seems to have made the 4-day composite smoother after the move away from the balance got rejected and resulted in an outside bar on the daily and some more filling in that 17330 to 17375 zone forming a 5-day composite now with Value at 17306-17366-17392.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Day (Outside Bar)
- Largest volume was traded at 17361 F
- Vwap of the session was at 17329 with volumes of 53.5 L and range of 129 points as it made a High-Low of 17393-17264
- NF confirmed a fresh FA at 17301 on 09/09 and the 1 ATR objective comes to 17445. This FA got revisted on 13/09 but the auction could not close below it.
- The settlement day Roll Over point (September) is 16642
- The VWAP & POC of Aug Series is 16455 & 16255 respectively.
- The VWAP & POC of Jul Series is 15778 & 15820 respectively.
- The VWAP & POC of Jun Series is 15721 & 15721 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 17307-17361-17383
HVNs – 16710 / 17126 / 17316 / 17366 / 17402
Business Areas for 14th Sep:
Up
17366 – 5-day composite POC
17392 – 5-day composite VAH
17445 – 1 ATR from FA of 17301
17511 – 1 ATR from 17366
Down
17359 – VWAP of 5-Day composite
17306 – 5-day composite VAL
17253 – VAL (Value Area Low) from 03rd Sep
17211 – Singles from 03rd 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: 36576 [ 36745 / 36412 ]
BNF made an initiative move away from previous day’s Value in the IB (Initial Balance) and in the process negated the 8th Sep’s buying tail from 36628 to 36502 as it formed a relatively large range of 333 points while making a low of 36412. The auction however could not extend any further and made a retracement back to 36667 before closing around the dPOC of 36594 forming a second consecutive Normal Day which was a well balanced 3-1-3 profile with completely lower Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Rejection Reverse – Down (ORR)
- The Day type was a Normal Day (‘3-1-3’ profile)
- Largest volume was traded at 36594 F
- Vwap of the session was at 36550 with volumes of 25.8 L and range of 333 points as it made a High-Low of 36745-36412
- BNF confirmed a FA at 36251 on 07/09 and tagged the 1 ATR objective of 36731 on the same day. The 2 ATR target comes to 37210. This FA is currently on ‘T+4’ Days.
- The settlement day Roll Over point (September) is 35699
- The VWAP & POC of Aug Series is 35715 & 35616 respectively.
- The VWAP & POC of Jul Series is 35105 & 34804 respectively.
- The VWAP & POC of Jun Series is 35012 & 35070 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 36501-36594-36624
HVNs – 35840 / 36749
Business Areas for 14th Sep:
Up
36667 – Selling singles from 13th Sep
36797 – VPOC from 09th Sep
36893 – POC from 08th Sep
37106 – SOC (Scene Of Crime) from 03rd Sep
Down
36530 – PBL (Pull Back Low) from 13th Sep
36432 – Buying tail from 13th Sep
36251 – FA from 07th Sep
36092 – Extension Handle from 30th 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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