Nifty Sep F: 25442 [ 25487 / 25367 ]
| Open Type |
|---|
| OA (Open Auction) |
| Volumes of 15,981 contracts |
| Initial Balance |
|---|
| 103 points (25487 – 25385) |
| Volumes of 44,149 contracts |
| Day Type |
|---|
| Normal – 121 pts |
| Volumes of 1,44,290 contracts |
NF made an Open Auction start with a probe above previous highs as it recorded new ATH of 25474 in the A period and extended further to 25487 in the B but saw a zone of 0s coming in on the buy side in the OrderFlow charts clearly signalling lack of demand which in turn triggered a probe lower and there was no buying seen even at day’s VWAP resulting in a hat-trick of REs (Range Extension) lower from the D to the F TPOs as it went on to tag previous day’s VWAP & POC of 25377 and finally saw some demand coming back.
The auction then got back into the IB (Initial Balance) and left a SOC (Scene Of Crime) at 25397 scaling above VWAP in the I period and made higher highs in the J but stalled right at the morning tail from 25474 and settled down to close right at the POC of 25443 leaving a balanced profile with completely higher value.
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Daily Zones
- Largest volume (POC) was traded at 25443 F and VWAP of the session was at 25433
- Value zones (volume profile) are at 25419-25443-25471
- NF confirmed a FA at 24987 on 12/09 and completed the 2 ATR objective of 25315 on the same day.
- HVNs are at 25339** (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (06-12 Sep) – NF opened the week below previous value & formed a Trend Day Down breaking below 25168 and making a low of 24855 on Friday and made new lows of 24816 at open on Monday but left an initiative buying tail signalling the end of the downside as it formed a nice base at the 2-day composite POC of 24905. The auction then got accepted in Friday’s selling tail as it formed a 2-day balance with a prominent POC at 25096 and continued to fill it up for the first half of Thursday where the attempt to extend lower got swiftly rejected at 24987 resulting in buyers coming back strongly to give a big trending move higher getting back into previous week’s value and completing the 80% rule to the dot not only confirming a FA on the daily timeframe but doing it on the weekly as well leaving a Neutral Extreme profile to the upside with completely lower Value at 24868-24979-25116 with the all important VWAP at 25059 which will be the swing level for the rest of the series with the extension handles of 25250 & 25285 being the immediate support to hold
- (30Aug-05Sep) – NF has formed a Neutral profile with completely higher Value at 25253-25338-25414 with the VWAP at 25303 as it probed higher for the first 2 sessions hitting new ATH of 25399 & 25420 respectively but failed to get fresh demand and instead got initiative sellers at 25409 who pushed the auction lower where it took support right at previous week’s POC of 25168 and gave a bounce back to 25324 which was again met with supply resulting in a close below Value
- (23-29 Aug) – NF has formed a Double Distribution (DD) profile with completely higher value at 25121-25168-25245 with the DD zone being from 25094 to 24994 and this week’s VWAP at 25186
Monthly Zones
- The settlement day Roll Over point (Sep 2024) is 25270
- The VWAP & POC of Aug 2024 Series is 24588 & 24323 respectively
- The VWAP & POC of Jul 2024 Series is 24470 & 24338 respectively
- The VWAP & POC of Jun 2024 Series is 23247 & 23535 respectively
Business Areas for 17thSep 2024
| Up |
| 25450 – HVN (16 Sep) 25500 – Weekly 1.5 IB 25547 – Monthly 1.5 IB 25585 – 2 ATR (VWAP 25215) 25628 – 1 ATR (yPOC 25443) 25674 – Monthly 2 IB |
| Down |
| 25434 – M TPO low (16 Sep) 25397 – SOC (16 Sep) 25330 – Buy Tail (13 Sep) 25285 – Ext Handle (12 Sep) 25250 – Ext Handle (12 Sep) 25215 – NeuX VWAP (12 Sep) |
BankNifty Sep F: 52261 [ 52299 / 51970 ]
| Open Type |
|---|
| OA (Open Auction) |
| Volumes of 15,496 contracts |
| Initial Balance |
|---|
| 302 points (52271 – 51970) |
| Volumes of 34,829 contracts |
| Day Type |
|---|
| Normal – 329 pts |
| Volumes of 87,134 contracts |
BNF continued the upside momentum scaling above the 01st Aug HVN of 52070 at open and promptly tagging that day’s VPOC of 52232 in the A period and extended further to 52271 in the B but made the dreaded C side extension to 52277 triggering a probe back to day’s VWAP which was broken resulting in a test of the opening POC of 52120 in the G TPO while making a low of 52102 which did not attract any fresh selling as the COT remained green.
The auction then went on to get back above VWAP and made a fresh RE in the I period but could only manage to hit 52299 stalling below the 01st Aug RS NPOC of 52311 leaving similar highs in the J & K TPOs too which forced the buyers to book profits causing the dPOC to move higher to 52264 into the close as it left a ‘p’ shape profile for the day.
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Daily Zones
- Largest volume (POC) was traded at 52264 F and VWAP of the session was at 52206
- Value zones (volume profile) are at 52181-52264-52287
- BNF confirmed a FA at 51519 on 11/09 and completed the 1 ATR target of 51141 on the same day & the 2 ATR comes to 50763. This FA was negated on 12/09 and the upside 2 ATR goal of 52275 was tagged on 16/09
- BNF confirmed a FA at 51150 on 12/09 and completed the 2 ATR objective of 51907 on 13/09.
- HVNs are at 51656** (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (29Aug-04Sep) – BNF opened the week & the new series taking support just above the weekly HVN of 51295 but has formed a narrow 573 points range balance with overlapping to higher Value at 51550-51656-51721 with an attempt to probe higher on 03rd Sep being rejected as big supply came back at the tag of the weekly VPOC of 51853 so a bigger imbalance is on the cards in the coming week for a move away from this week’s prominent POC of 51656 with the daily FA at 51525 being an immediate support
- (22-28 Aug) – BNF has formed a Gaussian Curve on the weekly timeframe with completely higher value at 51402-51514-51584 with the VWAP being at 51452 and has a lower HVN at 51295
Monthly Zones
- The settlement day Roll Over point (Sep 2024) is 51415
- The VWAP & POC of Aug 2024 Series is 50629 & 50415 respectively
- The VWAP & POC of Jul 2024 Series is 52133 & 52233 respectively
- The VWAP & POC of Jun 2024 Series is 50519 & 49947 respectively
Business Areas for 17th Sep 2024
| Up |
| 52264 – POC (16 Sep) 52349 – Swing High (01 Aug) 52470 – Weekly 3 IB 52590 – 2 ATR (51760) 52704 – 2 ATR (51880) 52881 – 1 ATR (WPOC 51268) |
| Down |
| 52206 – VWAP (16 Sep) 52102 – Buy Tail (16 Sep) 51980 – K TPO POC (13 Sep) 51880 – VWAP (13 Sep) 51760 – C TPO POC (13 Sep) 51625 – VPOC (12 Sep) |
You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.