Nifty Sep F: 17853 [ 17935 / 17820 ]
NF continued the Trend Day’s imbalance with a higher open but formed similar highs of 17935 in the A, C & D periods signalling the end of the upmove and the return to balance as the auction made a slow drift lower to 17820 taking support just above the previous day’s first zone of singles from 17815 to 17790 and formed volumes at 17845 leaving a Normal Variation Day Down with completely higher Value but will need initiative volumes in the next open for a fresh move away from here.
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 17845 F
- Vwap of the session was at 17875 with volumes of 62.9 L and range of 115 points as it made a High-Low of 17935-17820
- 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 17842-17845-17906
HVNs – 16710 / 17126 / 17316 / 17366 / 17402 / 17536
Business Areas for 27th Sep:
Up
17875 – PBH + VWAP from 24th Sep
17935 – Poor Highs from 24th Sep
17990 – 1 ATR target from yPOC
18082 – 1 ATR move from 17935
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: 37854 [ 38175 / 37720 ]
BNF opened with a gap up & got into previous week’s selling singles of 38120 to 38225 but got rejected leaving a fresh initiative selling tail from 38032 to 38175 but remained in the IB all day to form another narrow range ‘b’ shape profile with a prominent TPO POC at 37848. Value for the day was overlapping giving a nice 2-day 3-1-3 profile with tails at both ends and the composite Value at 37656-37840-37960 with a good chance of moving away from this balance in the coming session.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Day (‘b’ shape profile)
- Largest volume was traded at 37820 F
- Vwap of the session was at 37891 with volumes of 30.2 L and range of 455 points as it made a High-Low of 38175-377720
- 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+6’ 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 37767-37820-37941
HVNs – 35840 / 36749
Business Areas for 27th Sep:
Up
37911 – PBH (Pull Back High) from 24th Sep
38032 – Selling singles from 24th Sep
38175 – PDH
38258 – 1 ATR from 37720
38392 – 1 ATR from 37854
Down
37840 – 2-day composite POC
37656 – 2-day composite VAL
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 )
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