Nifty Aug F: 16494 [ 16566 / 16392 ]
NF opened with a big gap up of 127 points right at the 18th Aug VPOC of 16559 but made an almost OH (Open=High) start at 16566 indicating rejection from the VPOC and this triggered a trending move lower as the auction left couple of extension handles at 16524 & 16486 in the ‘B’ & ‘C’ periods respectively and went on to complete the 2 IB objective of 16405 in ‘C’ itself. The ‘D’ period then began by hitting new lows of 16392 stalling right at last Friday’s PBL of 16391 and marked the end of the OTF (One Time Frame) after which it made a slow probe higher forming a balance for the rest of the day and in the process negated both the extension handles as it first left a PBL at 16462 and then a PBH at 16533 before closing right at the dPOC of 16492. Value for the day was overlapping to higher & could continue to remain in this 16391 to 16545 range in the coming session(s) before giving a move away from this 2-day balance which has Value at 16410-16456-16492.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 16492 F
- Vwap of the session was at 16485 with volumes of 73.8 L and range of 174 points as it made a High-Low of 16566-16392
- NF confirmed a FA at 16689 on 18/08 and tagged the 2 ATR objective of 16390 on 20/08.
- The settlement day Roll Over point (August) is 15805
- The VWAP & POC of Jul Series is 15778 & 15820 respectively.
- The VWAP & POC of Jun Series is 15721 & 15721 respectively.
- The VWAP & POC of May Series is 14945 & 15094 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 16430-16492-16519
Business Areas for 24th Aug:
Up
16533 – PBH from 23rd Aug
16559 – VPOC from 18th Aug
16615 – NeuX VWAP from 18th Aug
Down
16462 – PBL from 23rd Aug
16391 – PBL from 20th Aug
16369 – Extension handle on monthly profile
(The are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Aug F: 35159 [ 35401 / 34850 ]
BNF also opened with a big gap up of 338 points but made an OH (Open=High) start at 35401 and got back into previous day’s range confirming an ORR (Open Rejection Reverse) and made a relatively large IB (Initial Balance) range dropping by 341 points and confirming a selling tail from 35230 to 35401 as it continued this imbalance to the downside by making couple of big REs (Range Extension) in the ‘C’ & ‘D’ periods where it tagged the HVN of 34867 while making a low of 34850 and this test finally marking the end of the OTF probe. The auction then made a slow retracement higher as it tested the morning singles and left a PBH (Pull Back High) at 35256 in the ‘K’ period before closing the day around the dPOC of 35146 leaving a ‘b’ shape profile which was also an outside bar. The 2-day composite is giving a nice Gaussian profile with Value at 34970-35085-35184 and it remains to be seen if BNF continues to build on this balance or gives a move away from here in the coming session(s).
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Rejection Reverse – Down (ORR)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 35146 F
- Vwap of the session was at 35106 with volumes of 30.4 L and range of 551 points as it made a High-Low of 35401-34850
- The settlement day Roll Over point (August) is 34860
- The VWAP & POC of Jul Series is 35105 & 34804 respectively.
- The VWAP & POC of Jun Series is 35012 & 35070 respectively.
- The VWAP & POC of May Series is 33568 & 34828 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 34987-35146-35254
Business Areas for 24th Aug:
Up
35253 – PBH from 23rd Aug
35510 – HVN from 18th Aug
35630 – HVN from 18th Aug
35821 – VPOC from 18th Aug
Down
35085 – PBL from 23rd Aug
34867 – weekly HVN
34664 – VPOC from 30th Jul
34544 – VWAP from 28th Jul
(The 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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