Nifty Sep F: 17647 [ 17747 / 17542 ]
NF opened with a gap down of 105 points well below 19th Sep’s VPOC of 17632 & made a low of 17600 aafter which it gave a swift bounce back to 17719 in the Initial Balance but got rejected from yesterday’s VAL showing that the PLR was to the downside.
More confirmation came in the form of multiple REs from the E to the H TPOs where it made a low of 17542 taking support at the VAL of the 2-day composite (16th & 19th Sep) leading to a quick short covering move of 205 points as it recorded new highs for the day at 17747 but got stalled just below yVWAP of 17757 which got the sellers back into the game and they managed to push it back to 17627 into the close leaving a Neutral Centre Day with completely lower Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Neutral Centre Day (NeuC)
- Largest volume was traded at 17644 F
- Vwap of the session was at 17648 with volumes of 113.9 L and range of 205 points as it made a High-Low of 17757-17542
- 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 17605-17644-17710
HVNs -17364 / 17598 / 17670**
(** indicates series POC)
Business Areas for 23rd Sep 2022:
Up
17648 – VWAP from 22 Sep
17682 – SOC from 22 Sep
17738 – Selling singles
17798 – PBH from 21 Sep
17848 – LVN from 20 Sep
17872 – HVN from 20 Sep
Down
17627 – Closing PBL (22 Sep)
17579 – SOC from 22 Sep
17543 – PDL
17514 – IB singles mid-point (30 Aug)
17456 – PDL (Previous Day Low)
17411 – Gap 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: 40697 [ 41218 / 40413 ]
BNF opened with a gap down of 267 points but took support at the VAL of the 2-day composite (16th – 19th Sep) which was at 40855 and completed the 80% Rule in that Value as it went on to scale above the VAH of 41165 and entered yesterday’s Value Area too but could only manage to tag 41218 getting rejected from just below the yPOC of 41269 & left an A period selling tail.
The auction then not only completed the reverse 80% Rule in the 2-day composite but continued to trend lower till the H TPO negating the 19th Sep buying tail & hitting new lows for the week at 40413 completing the 2 IB objective for the day where it left a small responsive buying tail triggering a short covering bounce to 40997 in the J period leaving a PBH there before making another rotation down to 40617 & closing at the dPOC of 40711.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 40711 F
- Vwap of the session was at 40801 with volumes of 53.9 L and range of 805 points as it made a High-Low of 41218-40413
- 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 40617-40711-40999
HVNs – 38423 / 39389 / 39515 / 39900 / 40657**
(** indicates series POC)
Business Areas for 23rd Sep 2022:
Up
40711 – dPOC from 22 Sep
40860 – LVN from 22 Sep
40997 – PBH from 22 Sep
41115 – Weekly POC
41269 – dPOC from 21 Sep
41375 – PBH from 21 Sep
Down
40683 – Weekly VAL
40581 – Minor HVN (22 Sep)
40465 – Buying singles (22 Sep)
40293 – VPOC from 08 Sep
40144 – Trend Day VWAP (08 Sep)
40057 – PBL from 08 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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