Nifty Aug F: 17617 [ 17635 / 17495 ]
NF rejected previous sesssion’s spike close of 17618 to 17644 as it not only opened lower but went on to probe lower in the A period after making a high of 17610 and even broke below yVWAP of 17525 while making a low of 17495. The auction however could not extend any further to the downside & formed a Normal Day and an Inside bar both in terms of Range & Value getting into the spike zone into the close as it made a high of 17635 leaving a nice 3-day composite with the Value at 17527-17571-17627 so it remains to be seen if it continues to build on this Gaussian Curve or gives an initiative move away from here in the expiry session. (Click here to view the 3-day composite chart on MPLite)
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Day (Inside Bar with a spike close)
- Largest volume was traded at 17590 F
- Vwap of the session was at 17576 with volumes of 96 L and range of 140 points as it made a High-Low of 17635-17495
- NF confirmed a FA at 17858 on 18/08. This FA got negated on 19/08 & and went on to tag the 2 ATR downside objective of 17519 on 22/08.
- NF confirmed a FA at 17055 on 29/07 and tagged the 2 ATR objective of 17364 on the 01/08. This FA has not been tagged & is now positional reference.
- The settlement day Roll Over point (Aug 2022) is 16963
- The VWAP & POC of Jul 2022 Series is 16556 & 15976 respectively.
- The VWAP & POC of Jun 2022 Series is 15895 & 15793 respectively.
- The VWAP & POC of May 2022 Series is 16270 & 16340 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 17546-17590-17616
HVNs -17128 / 17320 / 17460 / 17548** / 17712 / 17952
(** indicates series POC)
Business Areas for 25th Aug 2022:
Up
17629 – 3-day Composite VAH
17666 – IB singles mid-point
17724 – Gap Mid-point
17780 – HVN from 19 Aug
17829 – VWAP from 19 Aug
17861 – Extension Handle
17906 – Mid-profile singles
Down
17610 – Spike Low (24 Aug)
17554 – 3-day Composite VWAP
17500 – Buying Singles (24 Aug)
17450 – PBL from 23 Aug
17416 – Buying Singles (23 Aug)
17363 – Weekly FA
17320 – Weekly VPOC
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Aug F: 39075 [ 39150 / 38622 ]
BNF made a look down below the Spike Lows of 38713 at open but took support right at the HVN of 38623 from previous day as it made a low of 38622 and formed a balance all day in the Spike Zone with an attempt to probe higher in the E period resulting in a PBH at 389993 and this lack of demand triggered a big liquidation move down to 38640 in the I TPO where once again buyers defended the HVN of 38623.
The Value forming higher & the spike being accepted was a bullish sign & ultimately led to another big spike into the close from 38993 to 39150 as the auction tagged the 19th Aug VPOC & completed the 2 IB objective for the day and for the second day running, Spike Rules will be in play for the next open.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up (with a Spike close)
- Largest volume was traded at 38833 F
- Vwap of the session was at 38863 with volumes of 36.4 L and range of 528 points as it made a High-Low of 39150-38622
- BNF confirmed a FA at 39330 on 18/08 and tagged the 1 ATR objective of 39776 on the same day. This FA got negated on 19/08 & the auction went on to tag the 2 ATR downside level of 38438 on 22/08.
- The settlement day Roll Over point (Aug 2022) is 37434
- The VWAP & POC of Jul 2022 Series is 35427 & 35099 respectively.
- The VWAP & POC of Jun 2022 Series is 33969 & 33498 respectively.
- The VWAP & POC of May 2022 Series is 34570 & 34477 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 38700-38833-38954
HVNs – 36325 / 37576 / 37912** / 38304
(** indicates series POC)
Business Areas for 25th Aug 2022:
Up
39107 – Closing HVN
39211 – VWAP from 19 Aug
39321 – Mid-profile singles
39425 – Mid-point of above
39530 – Extension Handle (19 Aug)
39627 – Selling Singles
39794 – Weekly IBH
Down
39069 – Mid-profile singles (24 Aug)
38993 – Extension Handle
38833 – dPOC from 24 Aug
38727 – HVN from 24 Aug
38623 – HVN from 23 Aug
38469 – VWAP from 23 Aug
38367 – LVN from 23 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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