Nifty Sep F: 17566 [ 17825 / 17526 ]
NF opened lower & continued previous session’s weakness with another A period selling tail from 17766 to 17825 & an extension handle at 17740 as it negated 08th Sep buying singles & re-visited that day’s FA of 17695 and went on to make a C side extension to tag the 07th Sep VPOC of 17656 while making a low of 17653.
The auction then formed a small balance but remained below VWAP indicating the PLR was firmly to the downside & left the second extension handle of the day at 17653 in the H period starting a fresh imbalance which saw it break below the RO point of 17580 & complete the 80% Rule in the 6-day composite (30th Aug to 07th Sep) & make similar low of 17526 & 17527 stalling at previous month’s VWAP & POC combo of 17530 leaving a Double Distribution Trend Day Down with the dPOC shifting lower to 17559 into the close.
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 Double Distribution Trend Day – Down (DD)
- Largest volume was traded at 17559 F
- Vwap of the session was at 17652 with volumes of 139.4 L and range of 299 points as it made a High-Low of 17825-17526
- NF confirmed a FA at 17695 on 08/09 and tagged the 2 ATR target of 18117 on 13/09. This FA got re-visited on 16/09 which was the ‘T+6’th Day.
- 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 17526-17559-17610
HVNs -17364 / 17598 / 17670**
(** indicates series POC)
Business Areas for 19th Sep 2022:
Up
17580 – Sep RO (Roll Over) Point
17653 – Extension Handle (16 Sep)
17700 – HVN from 16 Sep
17740 – Extension Handle (16 Sep)
17795 – IB singles mid-point (16 Sep)
17849 – Gap mid-point (16 Sep)
Down
17543 – Weekly IBL
17472 – IB singles mid-point (30 Aug)
17411 – Gap Mid-point (30 Aug)
17365 – VPOC from 29 Aug
17314 – Weekly ATR target
17250 – 29 Aug Swing Low
(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: 40837 [ 41211 / 40567 ]
BNF also opened lower & made an attempt to get back into previous day’s range but could only manage 41211 as the sellers came back strongly and pushed it down to 40900 in the IB after which it made the C side extension to 40883 & took support at the 14th Sep extension handle of 40887 triggering a bounce above VWAP & testing the morning selling tail as it managed to tag 41188 leaving a PBH right below PDL (Previous Day Low) of 41190 which meant that the sellers were once again defending this zone.
The auction then made a decisive break below VWAP in the H period leading to fresh REs (Range Extension) to the downside in the I, J & K TPOs as it completed the 2 IB objective of 40589 while making a low of 40567 where it left a small responsive buying tail triggering another bounce back to the day’s VWAP of 40930 into the close.
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 (NV)
- Largest volume was traded at 41098 F
- Vwap of the session was at 40930 with volumes of 48.6 L and range of 644 points as it made a High-Low of 41211-40567
- 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 40832-41098-41171
HVNs – 38423 / 39389 / 39515** / 39900
(** indicates series POC)
Business Areas for 19th Sep 2022:
Up
40848 – Closing HVN from 16 Sep
40930 – VWAP from 16 Sep
41098 – dPOC from 16 Sep
41188 – Selling Singles
41288 – VPOC from 15 Sep
41458 – VWAP from 15 Sep
Down
40770 – LVN from 16 Sep
40615 – Weekly IBL
40532 – IB singles mid-point (12 Sep)
40426 – Buying singles (09 Sep)
40293 – VPOC from 08 Sep
40144 – Trend Day 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 )
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