Nifty Aug F: 15777 [ 15872 / 15755 ]
NF opened lower but got back into previous day’s Value and continued to coil in a 35 point range looking for volumes till the G period after which it made a RE (Range Extension) to the upside in the ‘H’ period and followed it up with couple of more REs in the ‘I’ & ‘J’ period as it negated the selling extension handle of 15858 but made similar highs of 15872 & 15870 indicating exhaustion on the upside which in turn triggered a liquidation break into the close as the auction dropped to 15760 before closing the day at 15777. Value was almost similar to previous session with both the POC & VWAP also overlapping around 15808 giving a 2-day composite at 15785-15808-15821.
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 15807 with volumes of 72.5 L and range of 117 points as it made a High-Low of 15872-15755
- 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 15774-15808-15820
Business Areas for 02nd Aug:
Up
15808 – overlapping POC of 29 & 30th Jul
15845 – selling transition from 30th Jul
15908 – FA (Failed Auction) from 27th Jul
Down
15767 – HVN from 27th 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: 34673 [ 34850 / 34545 ]
BNF made a peculiar OAIR start as it formed a 305 point range in the first 5 minutes making a high of 34850 getting rejected at previous VAH of 34848 and made a low of 34545 taking support at 28th Jul’s VWAP of 34565 after which it remained in this narrow range for the rest of the day forming a ‘b’ shape profile for most part of the day before making a probe higher into the morning singles from 34732 in the ‘J’ period but got rejected leaving a PBH at 34830 and closed near the prominent POC of 34664 leaving a Normal Day with completely lower Value. A move away from this POC on initiative volumes could set up the coming session(s) with an imbalance on either side with the Business Areas given below as references.
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 Normal Day
- Largest volume was traded at 34664 F
- Vwap of the session was at 34691 with volumes of 26.8 L and range of 305 points as it made a High-Low of 34850-34545
- 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 34597-34664-34730
Business Areas for 02nd Aug:
Up
34840 – HVN from 29th Jul
34945 – Selling tail high 28th Jul
35070 – DD VWAP from 27th Jul
Down
34575 – PBL (Pull Back Low) from 30th Jul
34360 – Buying tail from 28th Jul
34236 – Daily Swing low 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 )
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