Nifty Aug F: 24401 [ 24444 / 24316 ]
| Open Type |
|---|
| OAOR (Open Auction) |
| Volumes of 76,065 contracts |
| Initial Balance |
|---|
| 110 points (24444 – 24333) |
| Volumes of 1,17,814 contracts |
| Day Type |
|---|
| Normal – 128 pts |
| Volumes of 2,60,013 contracts |
NF made a move away from the 4-day balance with the help of a gap up but fell just short of the Roll Over (RO) point of 24460 as it made a high of 24444 in the Initial Balance (IB) which was followed by a typical C side extension to 24316 after which it remained in this narrow 128 point range all day forming a Gaussian Curve with a close right at the POC of 24403 and will need initiative volumes in the next open to continue higher else has a chance to do the 80% rule on the downside.
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Daily Zones
- Largest volume (POC) was traded at 24403 F and VWAP of the session was at 24389
- Value zones (volume profile) are at 24373-24403-24430
- HVNs are at 24271 / 24342** / 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 12th Aug 2024
| Up |
| 24403 – POC (09 Aug) 24453 – Monthly IBL 24516 – Aug VWAP 24550 – Gap mid (05 Aug) 24598 – 1 ATR (24333) 24668 – 1 ATR (24403) |
| Down |
| 24390 – M TPO low 24333 – Buy tail (09 Aug) 24268 – 4-day VPOC (05-08 Aug) 24215 – VWAP (08 Aug) 24184 – VPOC (08 Aug) 24129 – M TPO h/b (08 Aug) |
BankNifty Aug F: 50574 [ 50795 / 50479 ]
| Open Type |
|---|
| OAOR (Open Auction) |
| Volumes of 22,506 contracts |
| Initial Balance |
|---|
| 290 points (50795 – 50505) |
| Volumes of 48,501 contracts |
| Day Type |
|---|
| Normal – 316 pts |
| Volumes of 1,15,309 contracts |
BNF moved away from the 4-day balance with a gap up but remained in a narrow range of just 316 points all day forming a Gaussian Curve with a prominent POC at 50577 with tails at both ends so will need to negate one of them for a probe in that direction in the coming session.
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Daily Zones
- Largest volume (POC) was traded at 50577 F and VWAP of the session was at 50615
- Value zones (volume profile) are at 50551-50577-50659
- 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 12th 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.