Nifty Sep F: 17825 [ 17943 / 17756 ]
NF opened with a big gap up of 147 points negating the 16th Sep extension handle of 17740 & continued to probe higher making a C side extension to that day’s VPOC of 17888 after which it made a small balance till the F period before making a fresh RE in the G where it went on to tag the weekly POC of 17922 but stalled just below 16th Sep’s VWAP of 17949 marking the end of the upside for the day.
The auction then made a OTF (One Time Frame) probe lower back into the IB & negated most part of the A period buying tail as it went on to make a low of 17803 into the close & had some huge volumes being transacted at 17819 which brought the dPOC down there from 17872 leaving an irregular profile with completely higher Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range + Drive (Up) (OAOR + D)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 17819 F
- Vwap of the session was at 17857 with volumes of 94.8 L and range of 187 points as it made a High-Low of 17943-17753
- The settlement day Roll Over point (Sep 2022) is 17580
- The VWAP & POC of Aug 2022 Series is 17530 & 17530 respectively.
- The VWAP & POC of Jul 2022 Series is 16556 & 15976 respectively.
- The VWAP & POC of Jun 2022 Series is 15895 & 15793 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 17803-17819-17893
HVNs -17364 / 17598 / 17670**
(** indicates series POC)
Business Areas for 21st Sep 2022:
Up
17848 – LVN from 20 Sep
17872 – HVN from 20 Sep
17915 – SOC from 20 Sep
17969 – PBH from 15 Sep
18012 – Extension Handle
18066 – A TPO VWAP (15 Sep)
Down
17819 – dPOC from 20 Sep
17779 – IB singles mid-point
17715 – Gap Singles mid-point
17681 – 2-day composite VAH
17632 – VPOC from 19 Sep
17572 – Buying Singles (19 Sep)
(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: 41494 [ 41724 / 41255 ]
BNF not only opened with a gap up of 468 points signalling a move away from the 2-day balance but continued to drive higher in the IB as it scaled above 15th Sep VWAP of 41458 & went on to test the PBH of 41598 but left similar highs of 41609 & 41608 in the B & C periods which led to a small retracement to VWAP in the E TPO where it left a PBL at 41504 indicating that the PLR was still to the upside.
The auction then made a big RE in the G period leaving an extension handle at 41609 & hitting new highs of 41724 but could not enter the Selling Singles of 41751 to 41855 from 15th Sep signalling that the supply was still strong in this zone which triggered a probe back to VWAP as it left a higher PBL at 41570 in the J TPO but the inability of the morning buyers to make new highs caused a liquidation break in the L & M periods as BNF went on to test the A period singles and left a PBL at 41450 settling down as a ‘p’ shape profile for the day.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range + Drive (Up) (OAOR + D)
- The Day type was a Normal Day
- Largest volume was traded at 41534 F
- Vwap of the session was at 41540 with volumes of 32.6 L and range of 469 points as it made a High-Low of 41724-41255
- The settlement day Roll Over point (Sep 2022) is 39035
- The VWAP & POC of Aug 2022 Series is 38530 & 38320 respectively.
- The VWAP & POC of Jul 2022 Series is 35427 & 35099 respectively.
- The VWAP & POC of Jun 2022 Series is 33969 & 33498 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 41450-41534-41616
HVNs – 38423 / 39389 / 39515** / 39900
(** indicates series POC)
Business Areas for 21st Sep 2022:
Up
41499 – LVN from 20 Sep
41570 – SOC from 20 Sep
41751 – Selling Singles
41855 – All Time High
41979 – 1 ATR from 40664 (weekly POC)
42142 – 1 ATR from dPOC of 41534
Down
41450 – Buying Singles (20 Sep)
41352 – IB singles mid-point
41165 – Gap Mid-point
41007 – VPOC from 19 Sep
40887 – LVN from 19 Sep
40770 – Buying Singles (19 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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