Nifty Sep F: 17028 [ 17211 / 16981 ]
NF opened with a big gap down of 161 points breaking below 29th Aug Swing Low of 17250 and continued to drive lower as it made a low of 17034 in the IB (Initial Balance) while leaving a big selling tail from 17099 to 17211 and made couple of REs (Range Extension) in the C & D periods where it hit 16981.
The OTF (One Time Frame) probe came to an end in the E TPO and a move above the day’s VWAP in F triggered a short covering bounce till the H period as the auction went on to leave a PBH at 17180 where the early morning sellers came back strongly pushing NF back to 17000 in the L TPO before closing the day just below the dPOC of 17038 leaving a balanced profile for the day with completely lower value.
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 Normal Variation Day – Down (Balanced profile)
- Largest volume was traded at 17038 F
- Vwap of the session was at 17081 with volumes of 123.7 L and range of 231 points as it made a High-Low of 17211-16981
- The settlement day Roll Over point (Sep 2022) is 17580
- The VWAP & POC of Aug 2022 Series is 17530 & 17530 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 17016-17038-17126
HVNs -17364 / 17598 / 17670**
(** indicates series POC)
Business Areas for 27th Sep 2022:
Up
17038 – dPOC from 26 Sep
17081 – VWAP from 26 Sep
17126 – VAH from 26 Sep
17180 – Selling Singles (26 Sep)
17211 – PDH
17255 – Gap mid-point (26 Sep)
Down
17024 – HVN from 26 Sep
16992 – Buying singles (26 Sep)
16953 – Trend Day VWAP (28 Jul)
16909 – Extension Handle (28 Jul)
16852 – Extension Handle (28 Jul)
16815 – Buying Singles (28 Jul)
(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: 38678 [ 39319 / 38544 ]
BNF also opened with a huge 505 point gap down and continued to trend lower as it broke below the 30th Aug VPOC of 38906 & formed a large 618 point range IB where it made a low of 38702 after leaving a long initiative selling tail from 38908 to 39319.
The auction then extended to the downside in the C & D periods where it made a look down below the 30th Aug Trend Day’s low of 38606 while making a low of 38544 stalling just above that day’s Gap Mid-point of 38524 marking the end of the downside for the day and triggered a short covering bounce to 39055 in the H TPO where the series RO point of 39035 saw some good selling coming back which pushed BNF back down to 38601 in the L period before giving a close at 38678 forming a ‘b’ shape profile for the day.
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 Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 38736 F
- Vwap of the session was at 38827 with volumes of 48.2 L and range of 776 points as it made a High-Low of 39319-38544
- The settlement day Roll Over point (Sep 2022) is 39035
- The VWAP & POC of Aug 2022 Series is 38530 & 38320 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 38605-38736-38935
HVNs – 38423 / 39389 / 39515 / 39900 / 40817**
(** indicates series POC)
Business Areas for 27th Sep 2022:
Up
38700 – HVN from 26 Sep
38827 – VWAP from 26 Sep
38944 – PBH from 26 Sep
39055 – Selling Singles
39187 – IB singles mid-point
39348 – Gap singles mid-point
Down
38600 – PBL from 26 Sep
38423 – VPOC from 29 Aug
38305 – Buying Singles
38217 – Singles mid-point
38129 – 29 Aug Swing Low
38020 – Buying singles mid-point
(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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