Nifty Sep F: 17892 [ 18099 / 17866 ]
NF made an OAIR start testing previous day’s responsive selling tail from 18098 to 18110 but was swiftly rejected resulting in an initiative selling tail from 18043 to 18099 & an extension handle at 18012 in the B period as the auction made an OTf (One Time Frame) down to 17866 in the E TPO.
This imbalance then paved way for a balance for the rest of the day as it gave a PBH at 17969 before leaving a ‘b’ shape long liquidation profile with completely inside range & value and the dPOC shifting to 17888 into the close.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 17888 F
- Vwap of the session was at 17949 with volumes of 107.8 L and range of 233 points as it made a High-Low of 18099-17866
- 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+6’ 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 17879-17888-17962
HVNs -17364 / 17598 / 17670**
(** indicates series POC)
Business Areas for 16th Sep 2022:
Up
17908 – TPO HVN from 15 Sep
17969 – PBH from 15 Sep
18012 – Extension Handle
18044 – Selling Singles
18105 – dPOC from 13 Sep
18142 – 1.5 Monthly IB target
Down
17888 – dPOC from 15 Sep
17844 – Monthly IBH
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: 41302 [ 41855 / 41190 ]
BNF gave a rare follow up to a Trend Day as it made a trending start scaling above the 28th Oct 2021 ATH of 41821 to record new highs of 41855 but could not sustain above it & got back into previous day’s range forming a ‘b’ shape long liquidation profile taking support just above the Trend Day VWAP of 41170 with a close right at the dPOC of 41288 leaving overlapping to lower Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction (OA)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 41288 F
- Vwap of the session was at 41458 with volumes of 51.5 L and range of 665 points as it made a High-Low of 41855-41190
- 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 41245-41288-41545
HVNs – 38423 / 39389 / 39515** / 39900
(** indicates series POC)
Business Areas for 16th Sep 2022:
Up
41346 – LVN from 15 Sep
41458 – VWAP from 15 Sep
41598 – PBH from 15 Sep
41751 – Selling Singles
41855 – All Time High
41979 – 1 ATR from 40664 (weekly POC)
Down
41288 – dPOC from 15 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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