Nifty Sep F: 17370 [ 17440 / 17250 ]
NF signalled a move away from the 5-day composite with a big gap down of 364 points and swiped through 04th Aug’s resposive buying tail of 17315 to 17245 as it made a low of 17250 taking support just above that day’s Swing Low and formed a relatively big IB range of 143 points while making a high of 17393.
The auction then made couple of attempts to extend the range to the upside but could only tag 17440 leaving a ‘p’ shape Normal Day with completely lower Value but an A period buying tail from 17327 to 17250.
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 Day (‘p’ shape profile)
- Largest volume was traded at 17365 F
- Vwap of the session was at 17350 with volumes of 112.6 L and range of 190 points as it made a High-Low of 17440-17250
- NF confirmed a FA at 17824 on 25/08 and completed the 2 ATR objective of 17473 with a gap down on 29/08.
- 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 17323-17365-17426
HVNs -17364 / 17670**
(** indicates series POC)
Business Areas for 30th Aug 2022:
Up
17380 – HVN from 29 Aug
17438 – Selling singles
17472 – Gap mid-point
17501 – Buying Singles (23 Aug)
17545 – Selling tail mid-point
17580 – Sep series RO point
Down
17365 – dPOC from 29 Aug
17327 – Buying Singles
17288 – IB singles mid-point
17220 – Extension Handle (29 Jul)
17186 – VPOC from 29 Jul
17159 – Previous Week Range
(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: 38441 [ 38560 / 38129 ]
BNF opened with a huge gap down of 907 points and made a look down below the 23rd Aug Swing Low of 38149 while making a low of 38129 but was swiftly rejected back above the August POC of 38322 leaving an A period buying tail and forming a large IB range of 431 points where it tagged the 23rd Aug LVN of 38555 while making a high of 38560.
The auction formed a balance for the rest of the day leaving a PBL at 38305 in the E period and formed a ‘p’ shape Normal Day with a prominent POC at 38423 which will be the opening reference for the next session.
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 Day (‘p’ shape profile)
- Largest volume was traded at 38423 F
- Vwap of the session was at 38396 with volumes of 37.8 L and range of 431 points as it made a High-Low of 38560-38129
- 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 38364-38423-38520
HVNs – 39286 / 38423**
(** indicates series POC)
Business Areas for 30th Aug 2022:
Up
38466 – HVN from 29 Aug
38560 – Selling singles
38654 – VWAP from 23 Aug
38768 – Gap Mid-point
38890 – Singles mid-point
38948 – NeuX zone low (25 Aug)
39035 – Sep series RO point
Down
38423 – dPOC from 29 Aug
38305 – Buying Singles
38217 – Singles mid-point
38129 – Previous Day Low
38020 – Buying singles mid-point
37935 – Weekly VWAP
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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