Nifty Sep F: 17603 [ 17800 / 17558 ]
NF opened with a gap up along with an OL (Open=Low) start at 17670 and continued to probe higher as it left an initiative buying tail in the IB (Initial Balance) and made couple of big REs (Range Extension) in the ‘C’ & ‘D’ periods making a high of 17800 but left a responsive selling tail which not only marked the end of the upmove but triggered a big long liquidation break once the auction broke below VWAP in the ‘E’ period forming multiple REs (Range Extension) lower till the ‘K’ period where it tested previous day’s VWAP of 17565 taking support there leaving a small responsive buying tail from 17582 to 17558. The day closed with the dPOC shifting lower to 17602 but is still a Neutral Extreme Profile Down with today’s SOC (Scene Of Crime) of 17740 & VWAP of 17675 being the important references on the upside for the coming sessions whereas on the downside, the daily VPOC of 17535 & 15th Sep Trend Day VWAP of 17477 would be the immediate levels to watch below which the HVN of 17400 & the 13th Sep VPOC of 17361 could come into play.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range + Drive (Up) – (OAOR + D)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 17602 F
- Vwap of the session was at 17675 with volumes of 114 L and range of 242 points as it made a High-Low of 17800-17558
- The settlement day Roll Over point (September) is 16642
- The VWAP & POC of Aug Series is 16455 & 16255 respectively.
- The VWAP & POC of Jul Series is 15778 & 15820 respectively.
- The VWAP & POC of Jun Series is 15721 & 15721 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 17584-17602-17720
HVNs – 16710 / 17126 / 17316 / 17366 / 17402 / 17536
Business Areas for 20th Sep:
Up
17602 – POC from 17th Sep
17675 – NeuX VWAP from 17th Sep
17740 – SOC (Scene Of Crime) from 17th Sep
17780 – Selling singles from 17th Sep
Down
17582 – Buying singles from 17th Sep
17535 – VPOC from 16th Sep
17477 – Trend Day VWAP of 15th Sep
17436 – Trend Day PBL (Pull Back 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: 37850 [ 38225 / 37466 ]
BNF continued previous day’s Trend Day imbalance to the upside with a big 210 point gap up and followed it up with a RE (Range Extension) in the ‘D’ period where it hit 38225 but could not sustain leaving a responsive selling tail from 38120 to 38225 which triggered a liquidation break along with the confirmation of a FA (Failed Auction) at 38225 marking the end of the upmove which started with the FA of 36251 on 07th Sep. The auction then completed the 1 ATR objective of 37762 and went on to make a low of 37466 as it took support just above the 16th Sep Trend Day VWAP of 37423 and this led to a bounce back to 37951 into the close confirming a Neutral Centre Day with overlapping to higher value and a small buying tail at lows from 37516 to 37466. Today’s dPOC of 37937 will be the immediate reference on the upside for the coming session and the Trend Day VWAP of 36423 would be the support to watch out for.
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 Neutral Centre Day (NeuC)
- Largest volume was traded at 37937 F
- Vwap of the session was at 37831 with volumes of 49.3 L and range of 759 points as it made a High-Low of 38225-37466
- BNF confirmed a FA at 38225 on 17/09 and tagged the 1 ATR objective of 37762 on the same day. The2 ATR target comes to 37299
- BNF confirmed a FA at 36251 on 07/09 and tagged the 2 ATR objective of 37210 on 16/09. This FA has not been tagged in over ‘T+6’ Days and is now positional reference.
- The settlement day Roll Over point (September) is 35699
- The VWAP & POC of Aug Series is 35715 & 35616 respectively.
- The VWAP & POC of Jul Series is 35105 & 34804 respectively.
- The VWAP & POC of Jun Series is 35012 & 35070 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 37656-37937-38057
HVNs – 35840 / 36749
Business Areas for 20th Sep:
Up
37937 – dPOC from 17th Sep
38120 – Selling singles from 17th Sep
38225 – FA (Failed Auction) from 17th Sep
38339 – 1 ATR from 37850
Down
37831 – NeuC VWAP from 17th Sep
37685 – HVN from 17th Sep
37512 – Buying singles from 17th Sep
37347 – Singles from 16th 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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