Nifty Aug F: 17850 [ 17856 / 17780 ]
NF gave a move away from the 2-day balance in form of another gap up of 92 points but settled down into an OAOR (Open Auction Out of Range) leaving a narrow range of just 69 points in the IB (Initial Balance) and formed a balanced profile along with a Normal Day leaving a buying tail from 17791 to 17780 & hitting marginal new highs of 17856 into the close with the dPOC also shifting higher to 17853 which will be the reference for the next open.
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 Day
- Largest volume was traded at 17853 F
- Vwap of the session was at 17827 with volumes of 65.3 L and range of 80 points as it made a High-Low of 17860-17780
- NF confirmed a FA at 17055 on 29/07 and tagged the 2 ATR objective of 17364 on the 01/08. This FA has not been tagged & is now positional reference..
- The settlement day Roll Over point (Aug 2022) is 16963
- The VWAP & POC of Jul 2022 Series is 16556 & 15976 respectively.
- The VWAP & POC of Jun 2022 Series is 15895 & 15793 respectively.
- The VWAP & POC of May 2022 Series is 16270 & 16340 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 17815-17853-17856
HVNs -17128 / 17320** / 17460 / 17556 / 17712
(** indicates series POC)
Business Areas for 17th Aug 2022:
Up
17853 – dPOC from 16 Aug
17886 – Weekly 2 IB
17944 – 08 Apr Swing High
17993 – Prev Week Range
18019 – Weekly 3 IB
18068 – VPOC from 05 Apr
Down
17832 – HVN from 16 Aug
17791 – Buying Singles
17754 – Singles mid-point
17707 – VPOC from 12 Aug
17652 – Buying Singles
17611 – Mid-point of singles
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Aug F: 39308 [ 39473 / 39155 ]
BNF also opened with a gap up of 233 points & continued to probe higher in the A period where it hit 39468 but could only manage marginal new highs of 39473 in the B TPO signalling exhaustion on the upside which triggered a probe lower till the I period as the auction completely negated the morning singles & even made couple of RE’s making a low of 39155 before getting back to close right at where it opened the day and which was also the zone where both the dPOC & VWAP were also aligned.
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 – Down
- Largest volume was traded at 39319 F
- Vwap of the session was at 39314 with volumes of 25.3 L and range of 318 points as it made a High-Low of 39473-39155
- The settlement day Roll Over point (Aug 2022) is 37434
- The VWAP & POC of Jul 2022 Series is 35427 & 35099 respectively.
- The VWAP & POC of Jun 2022 Series is 33969 & 33498 respectively.
- The VWAP & POC of May 2022 Series is 34570 & 34477 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 39172-39319-39359
HVNs – 36325 / 37576 / 37912**
(** indicates series POC)
Business Areas for 17th Aug 2022:
Up
39340 – PBH from 16 Aug
39468 – Selling Singles
39540 – FA from 03 Feb
39670 – PBH from 09 Nov 2021
39818 – Trend Day VWAP (03 Nov)
39978 – HVN from 03 Nov
Down
39319 – dPOC from 16 Aug
39169 – Buying singles
39076 – VPOC from 12th Aug
38937 – 2-day HVN
38820 – Buying Singles (12 Aug)
38694 – Buying tail Lows
(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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