Nifty Aug F: 15806 [ 15831 / 15752 ]
NF opened higher not only negating the selling tail of previous day’s 3-1-3 profile but sustained above PDH as it entered the DD (Double Distribution) singles of 15822 to 15858 from 27th Jul but could only make a high of 15831 forming a narrow range profile with a prominent POC at 15808 where it closed. Value for the day was higher though the auction displayed poor trade facilitation and will need initiative volumes for a move away from here.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 15808 F
- Vwap of the session was at 15805 with volumes of 65.4 L and range of 79 points as it made a High-Low of 15831-15752
- NF confirmed a FA at 15908 on 27/07 and completed the 2 ATR objective of 15654 on 28/07.
- 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 15799-15808-15821
Business Areas for 30th July:
Up
15858 – DD singles from 27th Jul
15908 – FA (Failed Auction) from 27th Jul
15974 – VPOC (Virgin POC) from 16th Jul
Down
15784 – PBL from 28th Jul
15680 – VPOC (Virgin POC) from 28th Jul
15645 – Buying transition from 28th July
(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: 34833 [ 34887 / 34616 ]
BNF opened higher and got accepted in previous day’s selling tail from 34946 to 34726 as it formed a balance as well as a Neutral Day in a narrow range of just 272 points even confirming a FA (Failed Auction) at lows but will need to stay above 34871 for the same to be in play and negate the initiative tail of 28th Jul completely to continue the probe higher whereas on the downside, today’s PBL (Pull Back Low) at VWAP of 34765 will be the immediate level on watch.
Click here to view the latest profile in BNF on MPLite
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Neutral Day (NeuD)
- Largest volume was traded at 34823 F
- Vwap of the session was at 34781 with volumes of 25 L and range of 272 points as it made a High-Low of 34829-34118
- BNF confirmed a FA at 35296 on 27/07 and tagged the 2 ATR target of 34384 on 28/07.
- 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 34726-34823-34848
Business Areas for 30th July:
Up
34945 – Selling tail high 28th Jul
35070 – DD VWAP from 27th Jul
35296 – FA (Failed Auction) of 27th Jul
Down
34765 – PBL at VWAP from 29th Jul
34616 – FA from 29th Jul
34360 – Buying tail from 28th Jul
(The are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive
