Nifty Sep F: 17568 [ 17618 / 17521 ]
NF made an Open Auction start on low volumes and drifted lower in the A period as it succesfully defended yesterday’s extension handle of 17522 indicating limited downside for the day after which it probed higher in the ‘B’ period leaving a small buying tail in the IB (Initial Balance) from 17541 to 17521 and followed it up with a RE (Range Extension) in the ‘D’ period hitting new highs for the day at 17605 which was swiftly rejected leading to a break of the day’s VWAP in the ‘E’ period as the auction got into the IB singles and left a PBL (Pull Back Low) at 17530 once again confirming active demand in this zone. NF then made a OTF (One Time Frame) move higher for the next 3 TPOs as it made a fresh RE in the ‘H’ period where it tested the selling singles from 20th Sep but could not sustain triggering a move back to the combo of the day’s prominent TPO POC of 17577 where it eventually closed leaving a nice Gaussain Curve and has a good chance of moving away from here in the coming session(s).
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction (OA)
- The Day type was a Normal Day (Gaussian Profile)
- Largest volume was traded at 17568 F
- Vwap of the session was at 17571 with volumes of 55.8 L and range of 97 points as it made a High-Low of 17618-17521
- 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 17551-17568-17592
HVNs – 16710 / 17126 / 17316 / 17366 / 17402 / 17536
Business Areas for 23rd Sep:
Up
17607 – PBH (Pull Back High) from 22nd Sep
17675 – NeuX VWAP from 17th Sep
17740 – SOC (Scene Of Crime) from 17th Sep
17780 – Selling singles from 17th Sep
Down
17551 – PBL (Pull Back Low) from 22nd Sep
17468 – 2-day composite VWAP of 20th & 21st Sep
17381 – 2-day composite VAL of 20th & 21st Sep
17344 – Buying singles 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: 37100 [ 37440 / 36990 ]
BNF made a brief probe above PDH (Previous Day High) at open but got rejected from the HVN of 37420 indicating lack of demand which led to a long liquidation ‘b’ shape profile for the day at the auction left an initiative selling tail in the IB from 37333 to 37440 and went on to test yesterday’s first PBL (Pull Back Low) of 37010 taking support there twice as it made similar lows of 37005 & 36990 in the ‘E’ & ‘L’ periods before closing just below the 2-day overlapping POC of 37135. Value also was completely inside previous profile thus forming a 2-day balance at 36993-37125-37322 from where it could look to move away in the coming session(s).
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction (OA)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 37135 F
- Vwap of the session was at 37170 with volumes of 30.6 L and range of 450 points as it made a High-Low of 37440-36990
- BNF confirmed a FA at 38225 on 17/09 and completed the 2 ATR objective of 37299 on 20/09. This FA is currently on ‘T+4’ Days.
- 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 37027-37135-37228
HVNs – 35840 / 36749
Business Areas for 23rd Sep:
Up
37135 – 2-day overlapping POC
37322 – 2-day composite VAH
37420 – HVN from 21st Sep
37528 – NeuX VWAP from 20th Sep
37613 – dPOC from 20th Sep
Down
37098 – 2-day composite VWAP
36993 – 2-day composite VAL
36757 – PBL-2 from 21st Sep
36680 – Buying Singles from 21st Sep
36530 – PBL (Pull Back Low) from 13th 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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