Nifty Aug F: 16434 [ 16504 / 16370 ]
NF continued the imbalance of previous session giving yet another follow up to a NeuX (Neutral Extreme) profile with a huge gap down of 172 points as it took support in the initiative buying tail of 13th Aug which also signalled the transistion from imbalance to balance as it remained in a narrow range all day leaving a ‘p’ shape Normal profile with a prominent POC at 16455. Value for the day was completely lower hence the PLR (Path of Least Resistance) would remain to the downside if the auction remains below 16455 for a probe towards the daily VPOC of 16338 and below it the 6-day composite Value of 16221-16263-16299.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Day (‘p’ shape profile)
- Largest volume was traded at 16455 F
- Vwap of the session was at 16441 with volumes of 95.3 L and range of 134 points as it made a High-Low of 16504-16370
- NF confirmed a FA at 16689 on 18/08 and tagged the 2 ATR objective of 16390 on 20/08.
- 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 16413-16455-16469
Business Areas for 23rd Aug:
Up
16455 – dPOC from 20th Aug
16495 – selling singles from 20th Aug
16523 – weekly VWAP (16th – 20th Aug)
16559 – VPOC from 18th Aug
Down
16391 – PBL from 20th Aug
16369 – Extension handle on monthly profile
16338 – VPOC from 12th Aug
16287 – VPOC from 11th 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: 35063 [ 35329 / 34902 ]
BNF continued previous session’s Trend Day imbalance with a big gap down of 589 points and took support just above the 03rd Aug extension handle of 34955 as it made a low of 34971 in the IB and formed a ‘b’ shape profile for the day with couple of failed attempts to extend lower as it made marginal new lows of 34946 & 34902 in the ‘D’ & ‘J’ periods and closed around the prominent POC of 35085 which will be the immediate reference for the next open. Value for the day was completely lower so staying below 35085, the auction remains weak for a probable test of the lower HVN of 34867& the weekly VPOC of 34650 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 Day (‘b’ shape profile)
- Largest volume was traded at 35085 F
- Vwap of the session was at 35097 with volumes of 36.6 L and range of 427 points as it made a High-Low of 35329-34902
- 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 34989-35085-35141
Business Areas for 23rd Aug:
Up
35085 – prominent POC from 20th Aug
35198 – PBH from 20th Aug
35313 – selling singles from 20th Aug
35510 – HVN from 18th Aug
Down
34946 – responsive tail from 20th Aug
34867 – weekly HVN
34664 – VPOC from 30th Jul
34544 – VWAP from 28th Jul
(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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