Nifty Aug F: 16596 [ 16610 / 16484 ]
NF made the 8th OAIR (Open Auction In Range) start in the last 9 sessions and tagged both ends of previous Value in the A period where it made a high of 16573 and a low of 16515 forming a narrow 59 point range IB (Initial Balance) and began to coil even further till the ‘E’ period where it left a PBH at 16569 falling just short of the IBH showing lack of demand which triggered a probe lower in the ‘F’ period where the auction made a RE (Range Extension) to the downside and followed it up with a lower low of 16484 in the ‘H’ period stopping just above previous day’s small buying tail. The ‘I’ period then made a strong move above the day’s VWAP trapping the late shorts and remained above VWAP for the rest of the day causing a short covering rally in the last 30 mins as NF left an extension handle at 16573 and went on to make new ATH of 16610 leaving a Neutral Extreme (NeuX) Day. Value was almost identical giving a nice 2-day composite at 16507-16555-16568 which will be the reference below the NeuX zone of 16573 to 16610.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 16556 F
- Vwap of the session was at 16547 with volumes of 60 L and range of 126 points as it made a High-Low of 16610-16484
- The settlement day Roll Over point (August) is 15805
- The VWAP & POC of Jul Series is 15778 & 15820 respectively.
- The VWAP & POC of Jun Series is 15721 & 15721 respectively.
- The VWAP & POC of May Series is 14945 & 15094 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 16504-16556-16565
Business Areas for 18th Aug:
Up
16610 – NeuX zone high from 17th Aug
16678 – 2 IB target for this week
16724 – Monthly ATR target
Down
16573 – Extension handle from 17th Aug
16533 – PBL from 17th Aug
16455 – Trend Day PBL from 13th Aug
(The are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Aug F: 35938 [ 36060 / 35691 ]
BNF opened lower by 150 points and continued the imbalance to the downside as it not only broke below Friday’s low of 35960 but left an initiative selling tail from 35955 to 36140 and went on to tag 35805 in the IB after which it consolidated for a few TPOs staying inside the range of ‘B’ before making a big RE (Range Extension) to the downside in the ‘F’ period as the auction made a low of 35691 almost tagging previous week’s low of 35670 taking support once again just above the 4th Aug buying singles of 35639 to 35412. This defense then signalled the end of the downside probe for the day as BNF then began a balance in a narrow range below the day’s VWAP forming a ‘b’ shape profile for the day before a short squeeze late in the day got the auction to test the morning singles as it went on to hit 35993 in the M period and in the process moved the dPOC also to 35972. Value for the day was lower so the PLR remains to the downside till the selling zone of 35993 to 36140 does not get negated whereas on the downside, today’s VWAP of 35871 and the PBL of 35764 would be the important levels to watch in the coming session.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 35972 F
- Vwap of the session was at 35871 with volumes of 31.2 L and range of 369 points as it made a High-Low of 36060-35691
- The settlement day Roll Over point (August) is 34860
- The VWAP & POC of Jul Series is 35105 & 34804 respectively.
- The VWAP & POC of Jun Series is 35012 & 35070 respectively.
- The VWAP & POC of May Series is 33568 & 34828 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 35813-35972-35994
Business Areas for 18th Aug:
Up
35993 – Selling singles from 17th Aug
36174 – VPOC from 16th Aug
36340 – HVN from 10th Aug
Down
35871 – 17th Aug VWAP
35639 – Buying singles from 04th Aug
35544 – Buying transition from 04th Aug
(The 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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