Nifty Sep F: 17018 [ 17175 / 16946 ]
NF made an OAIR start & did a replay of previous day’s auction as it left an A period selling tail from 17175 to 17132 and made a D period low of 16946 forming a nice balanced profile with a late PBL in the L TPO at 16971.
Value for the day was mostly overlapping with the 2-day POC at 17036 giving a nice 2-day Gaussian Curve with Value at 17006-17036-17114 & the composite VWAP at 17068 so the stage is set for a fresh imbalance to start in the coming session(s). (Click here to view the 2-day Gaussian Curve)
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 Variation Day – Down (Balanced profile)
- Largest volume was traded at 17037 F
- Vwap of the session was at 17054 with volumes of 118.2 L and range of 229 points as it made a High-Low of 17175-16946
- 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 16993-17037-17103
HVNs -17364 / 17598 / 17677**
(** indicates series POC)
Business Areas for 28th Sep 2022:
Up
17038 – 2-day comp POC
17068 – 2-day comp VWAP
17114 – 2-day comp VAH
17180 – Selling Singles (26 Sep)
17255 – Gap mid-point (26 Sep)
17291 – Previous Week Low
Down
17006 – 2-day comp VAL
16953 – 1.5 Monthly IB
16909 – Extension Handle (28 Jul)
16852 – Extension Handle (28 Jul)
16815 – Buying Singles (28 Jul)
16767 – 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 )
BankNifty Sep F: 38466 [ 39079 / 38270 ]
BNF also made an OAIR start but was weaker of the 2 inidicies as it not only left an initiative selling tail from 38954 to 39079 but made multiple REs below PDL to make a low of 38270 in the L period after it left similar PBHs at 38783 & 38776.
The auction then made a swift rejection from the 29th Aug buying tail triggering a short covering bounce to 38607 into the close leaving another Normal Variation Day Down with overlapping to lower Value.
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 – Down (NV)
- Largest volume was traded at 38576 F
- Vwap of the session was at 38640 with volumes of 40.8 L and range of 809 points as it made a High-Low of 39079-38270
- 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 38341-38576-38767
HVNs – 38423 / 39389 / 39515 / 39900 / 40817**
(** indicates series POC)
Business Areas for 28th Sep 2022:
Up
38530 – Aug Series VWAP
38640 – VWAP from 27 Sep
38783 – PBH from 27 Sep
38954 – Selling Singles (27 Sep)
39079 – PDH
39187 – IB singles mid-point (26 Sep)
Down
38309 – Buying singles (27 Sep)
38217 – Singles mid-point (29 Aug)
38129 – 29 Aug Swing Low
38020 – Buying singles mid-point (08 Aug)
37914 – 08 Aug Swing Low
37783 – VPOC 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 )
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