Nifty Sep F: 17559 [ 17569 / 17335 ]
NF made an OL (Open=Low) start in the lower part of previous day’s NeuX zone of 17355 to 17436 and probed higher scaling above the extension handle of 17436 as it made a high of 17475 in the ‘A’ period stalling just below the Neux VWAP of 17485 and left a small sellng tail in the IB (Initial Balance) indicating previous day’s sellers were back in action and this led to multiple REs (Range Extension) lower till the ‘E’ period where the auction made a low of 17335 and left a small responsive buying tail signalling that the shorts were booking out. The ‘F’ period then confirmed the end of the OTF to the downside as it made a higher high & though NF made a lower low in the ‘G’ period, it stopped right at the IBL of 15375 and went on to make a trending move higher for the rest of the day scaling above the NeuX VWAP of 15485 with ease and leaving an extension handle at 17522 while making a high of 17569 almost completing the 2 IB objective of 17575 leaving the third consecutive Neutral Extreme Day but this time to the upside. The dPOC shifted higher to 17563 into the close suggesting profit booking by the longs and will be the immediate reference on upside for the next open whereas the extension handle of 17522 & today’s VWAP of 17450 will be the important levels to watch on the downside.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 17563 F
- Vwap of the session was at 17450 with volumes of 94.6 L and range of 234 points as it made a High-Low of 17569-17335
- The settlement day Roll Over point (September) is 16642
- The VWAP & POC of Aug Series is 16455 & 16255 respectively.
- The VWAP & POC of Jul Series is 15778 & 15820 respectively.
- The VWAP & POC of Jun Series is 15721 & 15721 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 17405-17563-17569
HVNs – 16710 / 17126 / 17316 / 17366 / 17402 / 17536
Business Areas for 22nd Sep:
Up
17563 – dPOC from 21st Sep
17612 – Selling singles from 20th Sep
17675 – NeuX VWAP from 17th Sep
17740 – SOC (Scene Of Crime) from 17th Sep
Down
17522 – Extension Handle from 21st Sep
17450 – NeuX VWAP from 21st Sep
17404 – Weekly VAL
17375 – PBL (Pull Back Low) from 21st 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: 37370 [ 37435 / 36609 ]
BNF made a small gap up open & probed higher but got rejected just below the extension handle of 37374 triggering a huge fall of 478 points in the IB (Initial Balance) where it made a low of 36885 and continued this imbalance by making multiple REs (Range Extension) over the next 3 TPOs as it not only broke below the DD VWAP of 36836 and the VPOC of 36785 from 15th Sep but also got into the initiative buying singles of that day which was from 36651 to 36590 getting stopped at 36609 which indicated fresh buying coming in as the ‘E’ period confirmed a responsive buying tail from 36680 to 36609. The auction then reversed the probe to the upside for the rest of the day and in the process left couple of PBLs (Pull Back Low) at 36757 & 37010 as it went on to make new highs for the day at 37435 in the M period leaving a Neutral Extreme Up profile.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction (OA)
- The Day type was a Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 37135 F
- Vwap of the session was at 37053 with volumes of 47.8 L and range of 826 points as it made a High-Low of 37435-36609
- BNF confirmed a FA at 38225 on 17/09 and completed the 2 ATR objective of 37299 on 20/09.
- BNF confirmed a FA at 36251 on 07/09 and tagged the 2 ATR objective of 37210 on 16/09. This FA has not been tagged in over ‘T+6’ Days and is now positional reference.
- The settlement day Roll Over point (September) is 35699
- The VWAP & POC of Aug Series is 35715 & 35616 respectively.
- The VWAP & POC of Jul Series is 35105 & 34804 respectively.
- The VWAP & POC of Jun Series is 35012 & 35070 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 36761-37135-37221
HVNs – 35840 / 36749
Business Areas for 22nd Sep:
Up
37528 – NeuX VWAP from 20th Sep
37613 – dPOC from 20th Sep
37740 – SOC from 20th Sep
37937 – VPOC from 20th Sep
Down
37362 – NeuX zone low from 21st Sep
37223 – Weekly VWAP
37010 – PBL (Pull Back Low) from 21st Sep
36757 – PBL-2 from 21st 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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