Nifty Sep F: 17856 [ 17940 / 17806 ]
NF opened higher and made a freak tick of 18088 but could not sustain above PDH & got rejected back into previous day’s range & value leaving an extension handle at 17904 & completing the 80% Rule as the auction went on to test the singles zone of 17815 to 17790 from 23rd Sep while making a low of 17806 forming a ‘b’ shape profile for the day with mostly overlapping Value forming a 2-day balance with Value at 17839-17845-17906 and could give a move away from here in the coming session(s).
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Rejection Reverse – Down (ORR)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 17863 F
- Vwap of the session was at 17876 with volumes of 63.2 L and range of 134 points as it made a High-Low of 17940-17806
- 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 17830-17863-17894
HVNs – 16710 / 17126 / 17316 / 17366 / 17402 / 17536
Business Areas for 28th Sep:
Up
17876 – 2-day VWAP from 24th to 27th Sep
17904 – Extension Handle from 27th Sep
17940 – Selling singles from 27th Sep
17992 – 1 ATR move from 17845
18024 – 1 ATR from 17876
Down
17839 – 2-day VAL from 24th to 27th Sep
17775 – Extension Handle from 23rd Sep
17720 – HVN from 23rd Sep
17689 – Extension Handle from 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: 38225 [ 38395 / 37974 ]
BNF opened with a gap up just above the 2-day composite VAH signalling a move away from the balance it was forming as it continued to probe higher in the IB (Initial Balance) hitting new highs for the series at 38395 but left a small selling tail at the top from 38341 to 39395 signalling the end of the upmove after which it remained in a narrow range forming a ‘p’ shape profile for the day with completely higher Value and a close near the prominent POC at 38227 which will be the reference for the next open for a move away with the buying singles of 38096 to 37974 being the zone to watch on the downside.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Drive – Up (OD) which failed
- The Day type was a Normal Day (‘p’ shape profile)
- Largest volume was traded at 38227 F
- Vwap of the session was at 38226 with volumes of 26.2 L and range of 421 points as it made a High-Low of 38395-37974
- BNF confirmed a FA at 38225 on 17/09 and completed the 2 ATR objective of 37299 on 20/09. This FA got tagged on 27/09 which was the ‘T+6’th Day & is no longer a valid reference.
- 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 38167-38227-38290
HVNs – 35840 / 36749
Business Areas for 28th Sep:
Up
38227 – Prominent POC from 27th Sep
38341 – Selling Singles from 27th Sep
38488 – 1 ATR from 37960
38606 – Weekly 1.5 IB objective
38753 – 1 ATR from 38225
Down
38225 – VWAP from 27th Sep
38096 – Buying Singles from 27th Sep
37960 – 2-day composite VAH
37820 – VPOC from 24th Sep
37656 – 2-day composite VAL
(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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