Nifty Aug F: 16632 [ 16714 / 16615 ]
NF continued the imbalance to the upside with a higher open and a tag of the HVN of 16662 along with the re-visit of the FA (Failed Auction) of 16689 on ‘T+4’ Days as it made a Range Extension in the ‘E’ period making a high of 16714 but was swiftly rejected leaving a small responsive selling tail at these new highs and went on to hit new lows for the day at 16615 confirming a fresh FA at the top. Value for the day was completely higher with a prominent POC at 16675 which will be the reference for the next open. /span>
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 Neutral Day (NeuD)
- Largest volume was traded at 16675 F
- Vwap of the session was at 16660 with volumes of 74.6 L and range of 99 points as it made a High-Low of 16714-16615
- NF confirmed a FA at 16714 on 25/08 and the 1 ATR objective comes to 16572.
- NF confirmed a FA at 16689 on 18/08 and tagged the 2 ATR objective of 16390 on 20/08. This FA was revisted on 25/08 which was the ‘T+4’ Day.
- The settlement day Roll Over point (August) is 15805
- The VWAP & POC of Jul Series is 15778 & 15820 respectively.
- The VWAP & POC of Jun Series is 15721 & 15721 respectively.
- The VWAP & POC of May Series is 14945 & 15094 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 16642-16675-16683
Business Areas for 26th Aug:
Up
16675 – POC from 25th Aug
16724 – Monthly ATR target
16749 – Weekly 2 IB objective
Down
16599 – Extension Handle from 24th Aug
16571 – VWAP from 24th Aug
16531 – POC from 24th Aug
(The are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Aug F: 35618 [ 35910 / 35520 ]
BNF also made a higher open but was rejected from just below the 18th Aug selling extension handle of 35937 as it left an initiative tail in the IB from 35910 to 35807 and formed a narrow range ‘b’ shape profile for the day as it made a low of 35520 taking support just above the Trend Day VWAP of 35504 which will be the important level to watch for the next session. The imbalance of previous day turned to a balance as Value was completely inside and the auction will need to negate today’s selling singles to continue the probe on the upside.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction (OA)
- The Day type was a Normal Day (‘b’ shape profile)
- Largest volume was traded at 35590 F
- Vwap of the session was at 35662 with volumes of 27.6 L and range of 390 points as it made a High-Low of 35910-35520
- The settlement day Roll Over point (August) is 34860
- The VWAP & POC of Jul Series is 35105 & 34804 respectively.
- The VWAP & POC of Jun Series is 35012 & 35070 respectively.
- The VWAP & POC of May Series is 33568 & 34828 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 35547-35590-356960
Business Areas for 26th Aug:
Up
35699 – PBH (Pull Back High) from 25th Aug
35937 – Extension Handle from 18th Aug
36020 – Extension Handle from 18th Aug
Down
35504 – Extension handle from 24th Aug
35427 – Extension handle from 24th Aug
35270 – Extension handle from 24th Aug
(The 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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