Nifty Aug F: 17980 [ 18004 / 17858 ]
NF rejected previous day’s spike close with a lower open and a probe down to 17883 in the A period where it took support in the buying tail of 17896 to 17850 and did a complete U turn in the B period after scaling above VWAP to hit new highs of the day at 17970 stalling just below the Spike Low of 17973.
This lack of fresh demand triggered another move to the downside leading to couple of REs (Range Extension) in the E & F TPOs but could only manage to tag 17858 indicating demand returning just above the 16th Aug VPOC of 17853.
The auction gave futher confirmation of this by climbing back above thr day’s VWAP in the J period & forming an OTF (One Time Frame) move higher into the close confirming a FA (Failed Auction) at lows & hitting new highs of the series at 18004 leaving a Neutral Extreme Day Up with the NeuX zone from 17970 to 18004 being the reference for the next open.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range (OAIR)
- The Day type was a Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 17902 F
- Vwap of the session was at 17926 with volumes of 92.9 L and range of 146 points as it made a High-Low of 18004-17858
- NF confirmed a FA at 17858 on 18/08 and the 1 ATR objective comes to 18029.
- 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 17878-17902-17953
HVNs -17128 / 17320** / 17460 / 17556 / 17712
(** indicates series POC)
Business Areas for 19th Aug 2022:
Up
17985 – Selling singles (18 Aug)
18029 – 1 ATR from FA of 17858
18068 – VPOC from 05 Apr
18122 – 1 ATR from 17555 (weekly)
18148 – Monthly 3 IB
18199 – 2 ATR from 17858
Down
17970 – NeuX zone low
17926 – NeuX VWAP (18 Aug)
17890 – PBL from 18 Aug
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: 39713 [ 39784 / 39330 ]
BNF also made a lower open well below the spike zone of 39518 to 39549 and made a quick visit to the yPOC of 39374 in the opening minutes where it got swiftly rejected from 39350 triggering a quick move to the upside for the rest of the IB (Initial Balance) as it scaled above PDH & tagged the 09th Nov 2021’s PBH of 39670 while making a high of 39678.
The auction remained in a very narrow range for the next 2 periods but the break of VWAP in the E TPO led to new lows for the day being hit at 39330 but once again there was swift rejection re-confirming buyers holding this zone.
BNF then formed a balance below VWAP till the I period after which similar to NF, the probe above VWAP in the J TPO started an OTF move to the upside into the close and saw the auction not only confirming a FA at lows but also completing the 1 ATR objective of 39776 while making a high of 39784 leaving a Neutral Extreme Day Up.
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 39454 F
- Vwap of the session was at 39547 with volumes of 30.9 L and range of 454 points as it made a High-Low of 39784-39330
- BNF confirmed a FA at 39330 on 18/08 and tagged the 1 ATR objective of 39776 on the same day. The 2 ATR target comes to 40223.
- 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 39372-39454-39622
HVNs – 36325 / 37576 / 37912**
(** indicates series POC)
Business Areas for 19th Aug 2022:
Up
39730 – Selling singles (18 Aug)
39818 – Trend Day VWAP (03 Nov)
39978 – HVN from 03 Nov
40111 – PBH from 03 Nov
40248 – HVN from 03 Nov
40385 – PBH from 28 Oct
Down
39678 – NeuX zone low (18 Aug)
39547 – NeuX VWAP from 18 Aug
39435 – PBL from 18 Aug
39321 – Weekly VWAP
39169 – Buying singles (16 Aug)
39076 – VPOC from 12th Aug
(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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