Nifty Sep F: 18020 [ 18110 / 17819 ]
NF opened with a big 279 point gap down but took support in this week’s buying tail of 17841 to 17805 from last Friday as it made a low of 17819 and confirmed an ORR (Open Rejection Reverse) start to the upside resulting in a good IB range of 140 points where it made a high of 17958.
The auction then made an OTF (One Time Frame) probe higher after making the first RE (Range Extension) in the D period after which it left an extension handle near 12th Sep’s prominent POC of at 17982 and not only completed the 2 IB objective of 18098 but went on to tag the yPOC of 18105 in the K TPO while making a high of 18110 where it left a small responsive selling tail indicating some profit booking saw NF made a retracement down to 17988 into the close leaving a Double Distribution Trend Up Day.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Rejection Reverse – Up (ORR)
- The Day type was a Double Distribution Day – Up (DD)
- Largest volume was traded at 17927 F
- Vwap of the session was at 17979 with volumes of 124.5 L and range of 291 points as it made a High-Low of 18110-17819
- 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. This FA got tagged yet again on 14/09 and is no longer a valid reference.
- 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+5’ 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 17820-17927-17986
HVNs -17364 / 17598 / 17670**
(** indicates series POC)
Business Areas for 15th Sep 2022:
Up
18056 – LVN from 14 Sep
18098 – Selling singles (14 Sep)
18142 – 1.5 Monthly IB target
18197 – Weekly ATR from 17675
18239 – Weekly 3 IB target
18274 – VPOC from 18th Jan 2022
Down
17979 – DD VWAP from 14 Sep
17927 – dPOC from 14 Sep
17897 – Buying Singles (14 Sep)
17858 – IB singles mid-point
17805 – Weekly IBL
17779 – NeuX VWAP (08 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: 41445 [ 41680 / 40250 ]
BNF opened with a huge gap down & printed a freak tick of 40250 but remained above last Friday’s low of 40362 as it found aggressive buyers confirming an ORR (Open Rejection Reverse) turning on the Beast Mode as it galloped back into previous day’s range & value at the end of the IB itself where it made a high of 40878.
The auction then left an extension handle at 40887 and got above PDH as it left a zone of singles till 41011 in the D period and continued to trend higher till the H period where it made a high of 41513 and gave a pull back to 41328 in the J TPO before making the final upmove in the K acheiving this week’s ATR objective of 41637 while hitting 41680 but saw good profit booking in this selling tail from 25th Oct 2021 which dragged BNF down to 41352 before closing the day around the dPOC of 41427 leaving a Trend Day Up & an Outside Bar.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Rejection Reverse – Up (ORR)
- The Day type was a Trend Day – Up (TD)
- Largest volume was traded at 41427 F
- Vwap of the session was at 41170 with volumes of 56 L and range of 1310 points as it made a High-Low of 41680-40370
- 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 41366-41427-41680
HVNs – 38423 / 39389 / 39515** / 39900
(** indicates series POC)
Business Areas for 15th Sep 2022:
Up
41508 – HVN from 14 Sep
41655 – Selling singles (14 Sep)
41821 – 25 Oct 2021 ATH (All Time High)
41925 – Weekly 4 IB target
42017 – 1 ATR from dPOC of 41427
42233 – 1 ATR from HVN of 41643
Down
41427 – dPOC from 14 Sep
41170 – Trend Day VWAP (14 Sep)
41011 – Mid-profile Singles
40887 – Extension Handle (14 Sep)
40764 – Buying Singles (14 Sep)
40654 – A TPO VWAP (14 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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