Nifty Sep F: 17335 [ 17638 / 17291 ]
NF made an Open Test Drive (OTD) to the downside as it got rejected from just below the yPOC of 17644 & not only broke below PDL of 17542 but went on to negate 19th Sep’s A period buying singles from 17456 forming a large IB (Initial Balance) range of 197 points after which it made a C side extension to 17415 almost tagging the Gap mid-point from 30th Aug.
The auction then remained in the C period range forming a micro-balance till the F TPO but left a small cue in the form of a PBH at 17479 in the E period before it resumed the imbalance and made multiple REs (Range Extension) lower till the K TPO breaking below 29th Aug’s VPOC of 17365 & testing the A period singles of that day as it made a low of 17291 leaving a small responsive buying tail till 17320 indicating profit booking by the sellers as the dPOC also shifted down to 17333 into the close.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Test Drive – Down (OTD)
- The Day type was a Trend Day – Down (TD)
- Largest volume was traded at 17333 F
- Vwap of the session was at 17431 with volumes of 122.5 L and range of 347 points as it made a High-Low of 17638-17291
- 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 17320-17333-17469
HVNs -17364 / 17598 / 17670**
(** indicates series POC)
Business Areas for 26th Sep 2022:
Up
17345 – Weekly IBL
17380 – LVN from 23 Sep
17431 – Trend Day VWAP (23 Sep)
17479 – PBH from 23 Sep
17535 – A TPO VWAP (23 Sep)
17580 – Sep RO Point
Down
17320 – Buying singles (23 Sep)
17250 – 29 Aug Swing Low
17220 – Extension Handle (29 Jul)
17186 – VPOC from 29 Jul
17151 – PBL from 29 Jul
17109 – FA from 29 Jul
(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: 39642 [ 40568 / 39477 ]
BNF made a massive Drive Down after opening below previous Value as it formed a 768 point range IB (Initial Balance) and left a long selling tail from 40026 to 40568 and in the process negated the A period buying tails of 14th Sep & 08th Sep.
The auction went on to make multiple REs as it entered the Value of 07th Sep and tagged that day’s VPOC of 39633 along with the weekly HVN of 39510 while making a low of 39471 taking support just above the buying singles from 39441 to 39340 triggering a short covering bounce to 39745 into the close leaving an elongated 1091 point range ‘b’ shape long liquidation profile which coincided with the series developing POC shifting from 39515 to 40817 indicating that the main buyers of this series have booked out.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Drive – Down (OD)
- The Day type was a Normal Variation Day – Down (‘b’ shape long liquidation profile)
- Largest volume was traded at 39653 F
- Vwap of the session was at 39839 with volumes of 56.3 L and range of 1091 points as it made a High-Low of 40568-39477
- 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 39521-39653-39930
HVNs – 38423 / 39389 / 39515 / 39900 / 40817**
(** indicates series POC)
Business Areas for 26th Sep 2022:
Up
39653 – dPOC from 23 Sep
39839 – VWAP from 23 Sep
39945 – PBH from 23 Sep
40026 – Selling Singles
40241 – A TPO VWAP (23 Sep)
40361 – Selling singles mid-point
Down
39591 – HVN from 23 Sep
39441 – Buying Singles (07 Sep)
39311 – Weekly IBL
39159 – Weekly VWAP
39035 – Sep RO (Roll Over) Point
38946 – Extension Handle (30 Aug)
(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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