Nifty Aug F: 24136 [ 24357 / 24111 ]
| Open Type |
|---|
| OAIR (Open Auction) |
| Volumes of 43,595 contracts |
| Initial Balance |
|---|
| 147 points (24299 – 24152) |
| Volumes of 1,04,412 contracts |
| Day Type |
|---|
| Neutral Extreme – 247 pts |
| Volumes of 3,76,292 contracts |
NF made an OAIR start but was well below previous day’s VWAP & POC indicating that the lower FA of 24208 could be visited which it did with a probe lower in the B period where it went on to make a low of 24152 but the OrderFlow showed some big responsive demand coming in at 24193 which held the lows and triggered a short covering move back above VWAP in the F & G TPOs as it went on to swipe in previous Value making a high of 24357 stalling just below the IBH from yesterday giving a strong signal that the higher FA of 24398 was still in play and the AVWAP from 01st Aug was also inviting strong supply.
The auction then went on to get back into the Initial Balance and broke below VWAP in the H period overcoming the responsive demand zone of morning and went on to make new lows of 24111 into the close completing the 1 ATR objective of 24121 from the FA of 24398 and leaving a Neutral Extreme Day Down but on the higher timeframe is still part of a nice 4-day balance with Value at 24126-24271-24387 so will need to give confirmation on initiative volumes of a move away from this zone in the coming session(s).
Click here to view the latest profile in NF on Vtrender Charts
Daily Zones
- Largest volume (POC) was traded at 24184 F and VWAP of the session was at 24215
- Value zones (volume profile) are at 24150-24184-24267
- HVNs are at 24271** / 24930 / 24996 (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (02-08 Aug) – NF opened with a gap down of 200+ points on Friday well below the POC & VWAP of previous week and left an A period selling tail and formed lower value which was followed by another big gap down of 323 points on Monday where it went on to form a Trend Day Down making a low of 29312 and remained in this range for the rest of the week leaving a FA at 24398 on Wednesday and completing the 1 ATR of 24121 on Thursday where it closed with a mini spike leaving a Double Distribution (DD) Trend Down profile for the week with completely lower Value at 24075-24271-24387 and the DD zone from 24398 to 24700 which could see filling up in the coming week if the FA of 24398 gets negated with this week’s VWAP of 24296 being an important supply point in between whereas on the downside, the HVNs of 24088 & 24063 would be the immediate support levels below which the responsive buying tails of 24012 & 23950 could come into play
- (26Jul – 01Aug) – NF has formed a composite ‘p’ shape profile on the weekly timeframe representing weak Market Structure as after starting last Friday with a big Trend Day Up of 487 points it remained in a narrow range for the rest of the days indicating poor trade facilitation at these new ATH levels. Value for the week was completely higher at 24853-24996-25042 and the auction will need to show initiative buying above 25042 in the coming week to continue higher with this week’s VWAP of 24909 being the swing reference on the downside below which it could go in for a test of the Trend Day VWAP of 24748 and the Halfback of 24696 along with extension handles of 24637 & 24576
Monthly Zones
- The settlement day Roll Over point (Aug 2024) is 24460
- The VWAP & POC of Jul 2024 Series is 24470 & 24338 respectively
- The VWAP & POC of Jun 2024 Series is 23247 & 23535 respectively
- The VWAP & POC of May 2024 Series is 22462 & 22479 respectively
Business Areas for 09th Aug 2024
| Up |
| NA |
| Down |
| NA |
BankNifty Aug F: 50206 [ 50532 / 49980 ]
| Open Type |
|---|
| OAOR (Open Auction) |
| Volumes of 10,550 contracts |
| Initial Balance |
|---|
| 356 points (50336 – 49980) |
| Volumes of 38,511 contracts |
| Day Type |
|---|
| Normal – 552 pts |
| Volumes of 1,46,701 contracts |
BNF has formed yet another day of overlapping value and a Normal profile giving a 4-day composite with value at 50000-50225-50389 with the respective VWAP at 50262 which will be the reference for the coming session based on which the auction can signal a move away from balance to imbalance.
Click here to view the latest profile in BNF on Vtrender Charts
Daily Zones
- Largest volume (POC) was traded at 50194 F and VWAP of the session was at 50262
- Value zones (volume profile) are at 50176-50194-50384
- HVNs are at 50225** (** denotes series POC)
Weekly Zones
Monthly Zones
- The settlement day Roll Over point (Aug 2024) is 51845
- The VWAP & POC of Jul 2024 Series is 52133 & 52233 respectively
- The VWAP & POC of Jun 2024 Series is 50519 & 49947 respectively
- The VWAP & POC of May 2024 Series is 48300 & 47726 respectively
Business Areas for 09th Aug 2024
| Up |
| to be updated… |
| Down |
| to be updated… |
You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.