Nifty Sep F: 17731 [ 17844 / 17664 ]
NF opened lower but made the first probe to the upside as it got above the yPOC of 17819 but could only tag 17844 stalling just below the LVN reference given & reversed the probe to the downside for the rest of the IB (Initial Balance) as it made a look down below PDL to hit 17741.
The auction then made a C side contra move above VWAP but got stopped right at the weekly IBH of 17825 and this rejection from yPOC triggered a fresh move to the downside resulting in couple of REs (Range Extension) in the F & G periods where it made an attempt to enter the 2-day composite Value while making a low of 17664.
The small responsive buying tail then gave a pull back to 17798 before NF settled down to close the day right at the dPOC of 17730 with a balanced profile with completely lower Value stuck between the lower VPOC of 17632 & the higher HVN of 17872.
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 Normal Variation Day – Down (Balanced Profile)
- Largest volume was traded at 17734 F
- Vwap of the session was at 17757 with volumes of 88 L and range of 180 points as it made a High-Low of 17844-17664
- 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 17717-17734-17810
HVNs -17364 / 17598 / 17670**
(** indicates series POC)
Business Areas for 22nd Sep 2022:
Up
17734 – dPOC from 21 Sep
17798 – PBH from 21 Sep
17848 – LVN from 20 Sep
17872 – HVN from 20 Sep
17915 – SOC from 20 Sep
17969 – PBH from 15 Sep
Down
17719 – Closing PBL (21 Sep)
17675 – Buying singles (21 Sep)
17632 – VPOC from 19 Sep
17586 – PBL from 19 Sep
17555 – 2-day composite POC
17514 – IB singles mid-point (30 Aug)
(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: 41245 [ 41550 / 40940 ]
BNF also opened lower but similar to NF made a probe higher in the A period where it tagged the yPOC & yVWAP of 41534 & 41540 and was swiftly rejected triggering a reversal to the downside for the rest of the IB as it negated previous day’s buying tail of 41450 to 41255 and made a low of 41200.
The C side then did it’s work of giving a contra move and went on to leave a PBH at 41440 stalling just below previous Value indicating that the PLR (Path of Least Resistance) remained to the downside which got more confirmation in form of a big RE in the F period as the 80% Rule got triggered in the 2-day composite Value of 16th & 19th Sep.
The auction made new lows of 40940 in the G period where it stalled right above the LVN of 40932 from 19 Sep and left a responsive buying tail marking the end of the downside for the day and gave a bounce back to 41375 before closing the day around the dPOC of 41269 leaving a nice balanced 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 Normal Variation Day – Down (Balanced Profile)
- 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 41139-41269-41440
HVNs – 38423 / 39389 / 39515** / 39900
(** indicates series POC)
Business Areas for 22nd Sep 2022:
Up
41269 – dPOC from 21 Sep
41375 – PBH from 21 Sep
41495 – IB singles mid-point
41570 – SOC from 20 Sep
41751 – Selling Singles
41855 – All Time High
Down
41237 – VWAP from 21 Sep
41103 – Anomaly from 21 Sep
40983 – Buying singles (21 Sep)
40887 – LVN from 19 Sep
40770 – Buying Singles (19 Sep)
40615 – Weekly IBL
(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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