Nifty Sep F: 17385 [ 17435 / 17369 ]
NF opened higher and took support right at the composite VAH of 17392 and went on to make a high of 17435 in the ‘A’ period but settled down into an OAOR (Open Auction Out of Range) as it remained in this narrow 44 point range till the ‘G’ period while making similar highs at 17429 from the B to D periods indicating exhaustion on the upside. The auction then made a RE (Range Extension) lower in the ‘H’ period as it got back into the 5-day composite Value and made a lower low of 17369 in the ‘K’ period stopping just above the composite POC of 17366 and gave a small bounce back to 17385 into the close. Value for the day was mostly higher but trade facilitation was the poorest visible in the lowest daily volumes in more than 2 years of just 38.6 L.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 17386 F
- Vwap of the session was at 17400 with volumes of 38.6 L and range of 66 points as it made a High-Low of 17435-17369
- 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 17377-17386-17412
HVNs – 16710 / 17126 / 17316 / 17366 / 17402
Business Areas for 15th Sep:
Up
17400 – VWAP from 14th Sep
17445 – 1 ATR from FA of 17301
17511 – 1 ATR from 17366
17556 – 1.5 Monthly Objective
Down
17366 – VPOC 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: 36714 [ 36839 / 36616 ]
BNF opened higher and not only got accepted in previous day’s selling singles of 36667 to 36745 but went on to tag the 09th Sep VPOC of 36797 and almost tagged the PBH (Pull Back High) of 36848 as it made a high of 36839 in the ‘A’ period. The auction could not extend further to the upside and made a slow probe lower all day to leave a hat-trick of Normal Days with a small RE (Range Extension) lower in the ‘H’ period to 36614 which immediately rejected to give a close right at the dPOC of 36717. Value for the day was completely higher but the range was just 223 points with the supply zone of 36854 to 36963 being intact.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Rejection Reverse – Up (ORR)
- The Day type was a Normal Day
- Largest volume was traded at 36717 F
- Vwap of the session was at 36742 with volumes of 22.3 L and range of 223 points as it made a High-Low of 36839-36616
- 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+5’ 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 36687-36717-36792
HVNs – 35840 / 36749
Business Areas for 15th 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
36665 – Buying singles from 14th Sep
36530 – PBL (Pull Back Low) from 13th Sep
36432 – Buying tail from 13th Sep
36251 – FA from 07th 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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