Nifty Sep F: 17588 [ 17824 / 17536 ]
NF opened with a gap up but settled down into an OAOR (Open Auction Out of Range) above PDH (Previous Day High) forming a narrow 64 point range IB (Initial Balance) between 17806 to 17743 and after further coiling of range till the D period it made an attempt to extend to the downside but got rejected after making a low of 17721 and went on to make a RE to the upside in the H TPO where it made new highs for the day at 17824 but once again was rejected from the closing HVN from 19th Aug indicating supply coming back.
The auction then made a decisive break of the day’s VWAP in the K period which resulted in new lows for the day confirming a FA at highs which was followed by an extension handle at 17703 in the L TPO which swiped through the 3-day composite Value of 17699 to 17609 & went on to make a low of 17536 stopping just above the 23rd Aug PBL of 17532 leaving a Neutral Extreme Day Down.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 17779 F
- Vwap of the session was at 17703 with volumes of 107.6 L and range of 288 points as it made a High-Low of 17824-17536
- NF confirmed a FA at 17824 on 25/08 and tagged the 1 ATR objective of 17648 on the same day. The 2 ATR target comes to 17473.
- The settlement day Roll Over point (Sep 2022) is 17580
- The VWAP & POC of Aug 2022 Series is 17550 & 17572 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 17628-17779-17822
HVNs -NA
(** indicates series POC)
Business Areas for 26th Aug 2022:
Up
17602 – Mid-profile Singles (25 Aug)
17652 – Singles Mid-point
17703 – NeuX VWAP / Extension Handle
17743 – SOC (Scene Of Crime)
17779 – dPOC from 25 Aug
17824 – FA from 25 Aug
Down
17550 – Buying Singles (25 Aug)
17501 – Buying Singles (23 Aug)
17465 – Swing Low (23 Aug)
17407 – VPOC from 04 Aug
17370 – 2 ATR from 17721
17335 – PBL from 04 Aug
(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: 39100 [ 39681 / 38949 ]
BNF also made a higher open and stayed above PDH as it got into the mid-profile singles of 39500 to 39706 from 19th Aug after forming a 214 point range IB between 39353 to 39566 & made multiple REs to the upside and even completed the 1.5 IB objective of 39674 but could only manage 39681 & could not take out the selling extension handle of 39706 indicating supply coming back here.
The K period then took over once again as the action period triggering a big drop first tagging PDH of 39336 after which the L TPO left an extension handle at 39326 to further expediate the fall to previous day’s POC & VWAP of 39051 & 39028 with the M period completing the formalities of the Neutral Extreme Day set up by making new lows for the day at 38949 almost completing the 3 IB objective of 38925 to the downside.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 39517 F
- Vwap of the session was at 39370 with volumes of 33.5 L and range of 732 points as it made a High-Low of 39681-38949
- The settlement day Roll Over point (Sep 2022) is 39035
- The VWAP & POC of Aug 2022 Series is 38450 & 38322 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 39222-39517-39651
HVNs – NA
(** indicates series POC)
Business Areas for 26th Aug 2022:
Up
39085 – Mid-profile Singles (25 Aug)
39205 – Mid-point of singles
39370 – NeuX VWAP (25 Aug)
39517 – dPOC from 25 Aug
39654 – Selling Singles (25 Aug)
39799 – Selling Singles (19 Aug)
Down
39051 – Buying singles (25 Aug)
38948 – NeuX zone low (25 Aug)
38808 – VPOC from 23 Aug
38654 – VWAP from 23 Aug
38555 – LVN from 23 Aug
38409 – Buying Singles (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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