Nifty Spot – 17759 [ 17992 / 17154 ]
Monthly Profile (August2022)
Previous month’s report ended with this ‘The Monthly Profile is a Trending One to the upside with Value at 15523-15976-16123 and has an initiative buying tail from 15661 to 15511 along with extension handles at 16288 & 16752 in between which there is a zone of singles from 16438 to 16288 and a TPO HVN at 16562 with a spike close for the month from 16947 to 17173 which will be the immediate zone to watch in the new month
- Nifty opened the month with an initiative buying tail above previous month’s spike close of 16947 to 17173 indicating that the PLR (Path of Least Resistance) remained to the upside which was followed by a 4-day balance with a prominent POC at 17290 from where the auction moved away futher to the upside in the second week with couple of 2-day balances leaving composite VPOCs at 17523 & 17682.
- The third week of the month marked new highs of 17839 with another VPOC being left at 17806 after which Nifty formed another 2-day balance with higher Value where it tagged April’s extension handle of 17913 forming the POC at 17933. Friday, the 19th Aug then changed the course of the auction to the downside after opening higher to tag 17992 falling just short of the important weekly VPOC of 18004 and confirming an ORR (Open Rejection Reverse) start leaving couple of extension handles at 17933 & 17858 and dropping to 17710 ending up forming a ‘b’ shape long liquidation profile which saw the dPOC shifting down to 17779 into the close.
- Nifty continued to probe lower in the fourth week with lower lows of 17467 & 17345 on the first 2 days but ended the week forming a nice 5-day composite with Value at 17494-17574-17633 and opened the last week of the month with a big 370 point gap down as the auction made an attempt to move away from the balance but once again took support in the buying tails from 1st & 4th Aug as it left a fresh initiative tail from 17267 to 17166 forming a short covering ‘p’ shape profile and followed it up with a big Trend Day Up on the last day of the month where it not only completed the 80% Rule in previous week’s Value of 17478 to 17622 but went on make a high of 17777 falling just short of the 19th Aug VPOC of 17779.
The monthly profile was a trending one up for the first part but turned into a balance into the close forming just a 837 point range with completely higher Value at 17241-17530-17689 with the monthly series VWAP also being at 17530.
Click here to view the daily Nifty MarketProfile charts of August 2022 on MPLite
Monthly Zones:
The VWAP of the August 2022 series is at 17530 and the POC is at 17530
The settlement day (Sep 2022) rollover volume point is at 17580 F.
The VWAP of the July 2022 series is at 16556 and the POC is at 15976
The settlement day (Aug 2022) rollover volume point is at 16963 F.
The VWAP of the June 2021 series is at 15895 and the POC is at 15793
The settlement day (July 2022) rollover volume point is at 15720 F.
The VWAP of the May 2022 series is at 16270 and the POC is at 16340
The settlement day (Jun 2022) rollover volume point is at 16180 F.
The VWAP of the April 2022 series is at 17430 and the POC is at 17145
The settlement day (May 2022) rollover volume point is at 17265 F.
The VWAP of the March 2022 series is at 16753 and the POC is at 17255
The settlement day (Apr 2022) rollover volume point is at 17546 F.
BankNifty Spot – 39536 [ 39759 / 37249 ]
Monthly Profile August 2022)
Previous month’s report ended with this ‘The Monthly profile is an elongated trending one of 4674 points with overlapping to higher Value at 33128-35099-35624 which started with an initiative buying tail from 33515 to 33080 and left 6 extensions handles at 33666, 34361, 35543 , 36248, 36823 & 37011 before closing in a spike from 37414 to 37754 which will be the immediate zone on watch‘
BankNifty formed a balanced monthly profile after July’s big imbalance with completely higher Value at 38040-38320-39600 and only three daily VPOCs at 37630 / 38259 & 38746 which will be the levels to watch on the downside in the coming month with the 19th Aug initiative selling tail of 39588 to 39759 being the reference zone to the upside.
Click here to view the daily BankNifty MarketProfile charts of August 2022 on MPLite
Monthly Zones:
The VWAP of the August 2022 series is at 38530 and the POC is at 38320
The settlement day (Sep 2022) rollover volume point is at 39035 F.
The VWAP of the July 2022 series is at 35427 and the POC is at 35099
The settlement day (Aug 2022) rollover volume point is at 37434 F.
The VWAP of the June 2021 series is at 33969 and the POC is at 33498
The settlement day (July 2022) rollover volume point is at 33380 F.
The VWAP of the May 2022 series is at 34570 and the POC is at 34477
The settlement day (Jun 2022) rollover volume point is at 35250 F.
The VWAP of the April 2022 series is at 37090 and the POC is at 36386
The settlement day (May 2022) rollover volume point is at 36515 F.
The VWAP of the March 2022 series is at 34992 and the POC is at 35648
The settlement day (Apr 2022) rollover volume point is at 36550 F.
