Nifty Sep F: 17708 [ 17794 / 17613 ]
NF opened with a big gap down below the first HVN of 17694 and continued to probe lower breaking below the lower HVN of 17645 as it made a low of 17613 in the ‘A’ period taking support just above the buying singles of 17608 to 17586. The auction remained in this narrow range forming a balance till the ‘G’ period which included a typical C side extension where it got rejected from marginal new highs of 17690 triggering a break of the day’s VWAP and a PBL (Pull Back Low) at 17617 in the ‘D’ TPO indicating that the downside was being defended and this led to a big RE (Range Extension) in the ‘H’ period as NF left an extension handle at 17690 and went on to make an OTF (One Time Frame) move higher till the ‘K’ period where it completed the 2 IB objective for the day & even tagged the extension handle of 17781 while making a high of 17790. The ‘L’ period began with making marginal new highs of 17794 but could not sustain triggering a long liquidation break as the auction made a retracment back to the extension handle of 17690 which co-incided with the day’s VWAP of 17689 and would be the immediate reference on the downside for the next open along with the HVN at 17715. Value & Range was completely inside giving a 2-day composite at 17624-17649-17760 and the 2-day VWAP is at 17715 which would be the first level on watch on the upside.
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 17650 F
- Vwap of the session was at 17689 with volumes of 89.1 L and range of 181 points as it made a High-Low of 17794-17613
- 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 17620-17650-17715
HVNs – 16710 / 17126 / 17316 / 17366 / 17402 / 17536
Business Areas for 30th Sep:
Up
17715 – HVN from 29th Sep & 2-day VWAP
17760 – 2-day composite VAH
17806 – Weekly IBL (Monday Low)
17840 – SOC (Scene Of Crime) from 28th Sep
17877 – Selling Singles from 28th Sep
Down
17689 – Extension handle & VWAP from 29th Sep
17646 – 2-day composite POC
17608 – Buying tail from 28th Sep
17568 – VPOC from 22nd Sep
17530 – Buying Singles from 22nd 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: 37878 [ 38049 / 37392 ]
BNF also opened with a huge gap down of 369 points and continued the probe lower as it tested yesterday’s responsive buying tail of 37446 to 37351 and got swiftly rejected confirming an initiative tail this time from 37506 to 37392 as the IB got over indicating that the buyers were back and mean business and although the C side extension gave a dip to the days’s VWAP, it was the only one for the rest of the day as the auction made an OTF (One Time Frame) probe higher till the ‘L’ period after leaving an extension handle at 37812 filling up the low volume zone of previous profile as it made a high of 38049 where it saw good profit booking by the longs resulting in a quick fall to 37838 into the close. The day’s range was completely inside with today’s profile resembling a DD (Double Distribution) with the first half forming a ‘p’ shape profile building volumes at 37675 but saw a move away in the second half with the POC also shifting higher to 37882 which will be the reference for the next open.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Double Distribution Trend Day – Up (DD)
- Largest volume was traded at 37882 F
- Vwap of the session was at 37740 with volumes of 33.1 L and range of 656 points as it made a High-Low of 38049-37392
- 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 & but has not been able to close above it.
- 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 37651-37882-38047
HVNs – 35840 / 36749
Business Areas for 30th Sep:
Up
37882 – POC from 29th Sep
38052 – LVN from 28th Sep
38191 – Selling Singles from 28th Sep
38377 – PDH (Previous Day High)
38606 – Weekly 1.5 IB objective
Down
37812 – Extension Handle from from 29th Sep
37675 – HVN from 29th Sep
37506 – Buying Singles from 29th Sep
37322 – 2-day composite VAH (21st to 22nd Sep)
37135 – VPOC from 22nd Sep
(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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