Nifty Sep F: 17833 [ 17845 / 17635 ]
NF moved away from previous day’s Gaussian Curve with a big gap up plus an Open Drive as the auction negated the NeuX VWAP of 17675 in the A period itself and left the first of the buying extension handles of the day at 17689 along with a long initiative tail in the IB (Initial Balance) as it made a high of 17728 after which it consolidated over the next 3 TPOs around the 17th Sep SOC (Scene Of Crime) of 17740 and gave the second extension handle of the day at 17737 in the ‘F’ period signalling buyers taking control of this level too. NF went on to make a high of 17775 where it stalled around the weekly VAH plus the selling tail from 13th Sep and gave a small retracement to 17740 confirming a typical late afternoon PBL (Pull Back Low) which meant that the auction was getting ready for a fresh imbalance to the upside and it happened with the help couple of more extension handles of the day at 17775 & 17790 in the ‘J’ & ‘K’ periods resulting in new ATH (All Time High) of 17845 into the close leaving a Trend Day Up but with the dPOC shifting higher to 17835 which will be the immediate reference for the next open.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range + Drive Up (OAOR + D)
- The Day type was a Trend Day – Up (TD)
- Largest volume was traded at 17835 F
- Vwap of the session was at 17757 with volumes of 63.8 L and range of 210 points as it made a High-Low of 17845-17635
- 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 17720-17835-17845
HVNs – 16710 / 17126 / 17316 / 17366 / 17402 / 17536
Business Areas for 24th Sep:
Up
17835 – Trend Day POC from 23rd Sep
17883 – Monthly 2 IB objective
17982 – 3 IB target on weekly
18054 – Weekly ATR from 17335
Down
17815 – Singles zone from 23rd Sep
17775 – Extension Handle from 23rd Sep
17720 – HVN from 23rd Sep
17680 – Initiative Buying Tail from 23rd Sep
17615 – Gap mid-point of 22nd to 23rd 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: 37861 [ 37910 / 37237 ]
BNF made a strong start to the upside after opening higher as it left a large IB range of 412 points with an extension handle right at the NeuX VWAP of 37529 and an initiative buying tail from 37482 to 37273 after which it tagged the 17th Sep VPOC of 37613 but made the dreaded C side extension where it tagged new highs for the day at 37750 but could not taken out the NeuX SOC (Scene Of Crime) from 17th Sep in the first attempt and gave a retracement to 37594 in the ‘E’ period. The day’s VWAP holding meant that the morning buyers were still active and this led to fresh & multiple REs as BNF climbed above the NeuX profile of 20th Sep but stalled just below the VPOC of 37937 from 17th Sep NeuX profile as it showed slight exhaustion coming in with similar highs in the last 3 TPOs and even the dPOC shifting higher to 37889. Value was completely higher as the auction has moved away from the 2-day balance but will need to take out the VPOC of 37937 and the selling tail of 38120 to continue this imbalance to the upside and re-visit the FA of 38225 in the coming session(s).
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Rejection Reverse – Up (ORR)
- The Day type was a Normal Variation Day – Up (‘p’ shape profile)
- Largest volume was traded at 37889 F
- Vwap of the session was at 37673 with volumes of 39.4 L and range of 673 points as it made a High-Low of 37910-37237
- 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+5’ 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 37567-37889-37910
HVNs – 35840 / 36749
Business Areas for 24th Sep:
Up
37937 – dPOC from 17th Sep
38038 – Selling from 17th Sep
38120 – Selling singles from 17th Sep
38225 – FA (Failed Auction) from 17th Sep
38392 – Weekly 2 IB objective
Down
37799 – PBL (Pull Back Low) from 23rd Sep
37673 – 23rd Sep VWAP
37529 – Buying Extension Handle from 23rd Sep
37420 – HVN from 21st Sep
37322 – 2-day composite VAH
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive
