Nifty Aug F: 17974 [ 17992 / 17868 ]
NF opened higher yet again & took support above PDH of 17860 as it made a low of 17868 in the opening minutes & probed higher leaving couple of extension handles at 17911 & 17930 in the B & C periods respectively as it formed another very narrow 62 point range IB.
The auction remained above VWAP all day and left two PBLs at 17931 & 17935 in the F & K TPOs before completing the 2 IB objective of 17992 in the L period leaving a ‘p’ shape profile for the day with completely higher Value with a mini spike from 17973 to 17992 which will be the zone to watch at 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 Variation Day – Up
- Largest volume was traded at 17947 F
- Vwap of the session was at 17939 with volumes of 55.5 L and range of 124 points as it made a High-Low of 17992-17868
- 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 17910-17947-17976
HVNs -17128 / 17320** / 17460 / 17556 / 17712
(** indicates series POC)
Business Areas for 18th Aug 2022:
Up
17992 – Spike High (17 Aug)
18019 – Weekly 3 IB
18068 – VPOC from 05 Apr
18122 – 1 ATR from 17555 (weekly)
18148 – Monthly 3 IB
18188 – Weekly ATR
Down
17973 – Spike Low (17 Aug)
17939 – VWAP from 17 Aug
17896 – Buying Singles
17853 – VPOC from 16 Aug
17811 – PBL from 16 Aug
17754 – Singles mid-point
(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: 39513 [ 39549 / 39260 ]
BNF made an OAIR start & filled up the upper portion of previous profile for most part of the day forming a very narrow IB range of just 167 points and left a late extension handle at 39450 in the L period to signal a move away from the 2-day balance it was forming as it hit new highs for the series at 39549 where it saw some good profit booking.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up
- Largest volume was traded at 39374 F
- Vwap of the session was at 39410 with volumes of 19.8 L and range of 289 points as it made a High-Low of 39549-39260
- 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 39317-39374-39464
HVNs – 36325 / 37576 / 37912**
(** indicates series POC)
Business Areas for 18th Aug 2022:
Up
39549 – Spike High (17 Aug)
39670 – PBH from 09 Nov 2021
39818 – Trend Day VWAP (03 Nov)
39978 – HVN from 03 Nov
40111 – PBH from 03 Nov
Down
39484 – Mid-profile singles (17 Aug)
39374 – dPOC from 17 Aug
39279 – Buying singles (17 Aug)
39169 – Buying singles (16 Aug)
39076 – VPOC from 12th Aug
38937 – 2-day HVN
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive
