Nifty Aug F: 17759 [ 17990 / 17712 ]
NF did not give any follow up to the NeuX (Neutral Extreme) close as it not only opened lower but rejected the spike zone of 17970 to 18004 from previous day by leaving a small A period selling tail and followed it up with an extension handle at 17940 which triggered a huge long liquidation drop to 17735 in the G period with the help on another extension handle at 17861 and in the process negated the FA of 17858.
The auction then gave a small pullback to 17829 in the I period but the inability to even tag the day’s VWAP resulted in a fresh RE lower in the J TPO where it made a low of 17712 stopping just above 12th Aug’s VPOC of 17707 and closed the day at 17759 leaving a ‘b’ shape long liquidation profile with completely lower Value.
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 Double Distribution Trend Day – Down (DD)
- Largest volume was traded at 17803 F
- Vwap of the session was at 17829 with volumes of 115.7 L and range of 277 points as it made a High-Low of 17990-17712
- NF confirmed a FA at 17858 on 18/08. This FA got negated on 19/08 & remained below it giving good chance of the 1 ATR downside objective of 17689 being tagged.
- 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 17727-17803-17850
HVNs -17128 / 17320** / 17460 / 17556 / 17712
(** indicates series POC)
Business Areas for 22nd Aug 2022:
Up
17780 – HVN from 19 Aug
17829 – VWAP from 19 Aug
17861 – Extension Handle
17906 – Mid-profile singles
17960 – HVN from 19 Aug
18029 – 1 ATR from FA of 17858
Down
17740 – Closing HVN (19 Aug)
17707 – VPOC from 12 Aug
17652 – Buying Singles
17611 – Mid-point of singles
17558 – VPOC from 10 Aug
17493 – Buying Singles (10 Aug)
(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: 39002 [ 39794 / 38862 ]
BNF gave a rare follow up to a NeuX profile as it made new highs of 39794 at open but got rejected back into previous day’s range leaving a big A period selling tail till 39627 after which it left an extension handle at 39530 in the D period triggering a big drop over the next 3 TPOs breaking as it not only negated the FA of 39330 but went on to tag the 12th Aug VPOC of 39076 and even completed the 1 ATR downside objective of 38884 while making a low of 38862 in the G period after which it formed a balance for the rest of the day building volumes at 39041 leaving a ‘b’ shape long liquidation profile with completely lower Value.
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 Double Distribution Trend Day – Down (DD)
- Largest volume was traded at 39041 F
- Vwap of the session was at 39211 with volumes of 46.4 L and range of 932 points as it made a High-Low of 39794-38862
- BNF confirmed a FA at 39330 on 18/08 and tagged the 1 ATR objective of 39776 on the same day. This FA got negated on 19/08 & the auction went on to tag the 1 ATR downside level of 38884.
- 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 38867-39041-39291
HVNs – 36325 / 37576 / 37912**
(** indicates series POC)
Business Areas for 22nd Aug 2022:
Up
39041 – dPOC from 19 Aug
39211 – VWAP from 19 Aug
39321 – Mid-profile singles
39425 – Mid-point of above
39530 – Extension Handle (19 Aug)
39627 – Selling Singles
Down
38970 – Closing HVN
38862 – Weekly IBL
38762 – Mid-point of 11 Aug IB tail
38593 – Singles Mid-point
38438 – 2 ATR from FA of 39330
38358 – VPOC from 10 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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