Nifty Sep F: 17827 [ 17844 / 17442 ]
NF followed up previous day’s short covering ‘p’ shape profile with a Huge Trend Day Up with aggressive initiative buying right from the open where it left an A period buying tail from 17503 to 17442 and made a record of hitting higher highs on all the 13 TPOs of the day which included 7 extension handles at 17537 / 17574 / 17607 / 17640 / 17659 / 17699 / 17742 & 17769 as it not only swiped through the 5-day composite Value completing the 80% Rule but went on to tag the 25th Aug FA of 17824 while making a high of 17844 leaving a range of 403 points for the day but saw the dPOC shifting higher to 17839 into the close indicating that the buyers were booking out.
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 Trend Day – Up (TD)
- Largest volume was traded at 17839 F
- Vwap of the session was at 17664 with volumes of 118.5 L and range of 403 points as it made a High-Low of 17844-17442
- NF confirmed a FA at 17824 on 25/08 and completed the 2 ATR objective of 17473 with a gap down on 29/08. This FA got re-visited on 30/08 which was the ‘T+3’rd Day and is no longer a valid reference.
- 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 17604-17839-17844
HVNs -17364 / 17670**
(** indicates series POC)
Business Areas for 01st Sep 2022:
Up
17839 – dPOC from 30 Aug
17897 – PBH from 19 Aug
17945 – Extension Handle (19 Aug)
17988 – Selling Singles (19 Aug)
18041 – VPOC from 19 Aug
18109 – Swing High (19 Aug)
18148 – Monthly 3 IB target
18178 – Weekly 1 ATR objective
Down
17815 – Immediate singles (30 Aug)
17769 – Extension Handle (30 Aug)
17720 – minor HVN (30 Aug)
17664 – Trend Day VWAP (30 Aug)
17628 – Mid-profile singles
17574 – Extension Handle (30 Aug)
17537 – Extension Handle (30 Aug)
17472 – IB 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: 39707 [ 39786 / 38606 ]
BNF not only opened higher but started with an OL (Open=Low) at 38606 as it confirmed a Drive up leaving a long initiative buying tail till 38879 after which it formed an enormous range of 1180 points for the day making higher highs till the L period with the help of extension handles at 38946 / 39121 / 39255 / 39500 & 39560 to record a high of 39796 stalling just below the 19th Aug Selling Singles from 39799 to 39950 and left a small responsive selling tail indicating supply coming back in this zone as it left a Big Trend Day Up.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range + Drive (up) (OAOR + D)
- The Day type was a Trend Day – Up (TD)
- Largest volume was traded at 38906 F
- Vwap of the session was at 39255 with volumes of 47.9 L and range of 1180 points as it made a High-Low of 39786-38606
- 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 38832-38906-39522
HVNs – 39396 / 38423**
(** indicates series POC)
Business Areas for 01st Sep 2022:
Up
39708 – Closing HVN from 30 Aug
39799 – Selling Singles (19 Aug)
39909 – Weekly 2 IB target
40012 – 2 ATR from 38906
40167 – HVN from 03 Nov 2021
40293 – Weekly 3 IB target
40442 – PBH from 28 Oct 2021
40585 – Extension Handle (28 Oct)
Down
39655 – Mid-profile singles
39560 – Extension Handle (30 Aug)
39411 – HVN from 30 Aug
39255 – Trend Day VWAP (30 Aug)
39121 – Extension Handle (30 Aug)
38985 – Mid-profile singles
38879 – Buying Singles (30 Aug)
38742 – IB 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 )
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