Nifty Sep F: 25396 [ 25519 / 25301 ]
| Open Type |
|---|
| OAIR (Open Auction) |
| Volumes of 10,952 contracts |
| Initial Balance |
|---|
| 60 points (25475 – 25415) |
| Volumes of 29,902 contracts |
| Day Type |
|---|
| Neutral (Outside) – 218 pts |
| Volumes of 1,96,272 contracts |
NF continued the balance of last 2 days as it took support right at the VAL of 25419 at open and completed the 80% Rule to the upside tagging the VAH of 25468 while making a high of 25475 in the B peirod which was followed by couple of REs (Range Extension) in the C & D TPOs signalling a move away from the balance.
The auction then got back into coil mode before attempting to make a fresh RE in the G period but could manage marginal highs of 25519 indicating exhaustion creeping in and the H TPO promptly saw the sellers take advantage of this as they left a SOC at 25501 and broke below the VAH of 25468 not just completing the reverse 80% Rule but left an extension handle at 25415 and went on to test the A period singles from 13th Sep while making a low of 25301 in the I TPO.
However, the AVWAP (Anchored VWAP) from the FA point of 24987 from 12th Sep saw demand coming back as they left a responsive buying tail till 25337 and went back to test 25415 while making a high of 25434 in the L period before settling down near the POC of 25375 leaving a Neutral Day and an Outside Bar resulting in a 4-day composite with Value at 25375-25449-25465
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Daily Zones
- Largest volume (POC) was traded at 25375 F and VWAP of the session was at 25415
- Value zones (volume profile) are at 25351-25375-25482
- 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 19thSep 2024
| Up |
| 25415 – VWAP (18 Sep) 25465 – 4-day VAH (13-18 Sep) 25501 – SOC (18 Sep) 25547 – Monthly 1.5 IB 25588 – 2 ATR (VWAP 25215) 25636 – 1 ATR (POC 25449) |
| Down |
| 25375 – POC (18 Sep) 25337 – Buy tail (18 Sep) 25285 – Ext Handle (12 Sep) 25250 – Ext Handle (12 Sep) 25215 – NeuX VWAP (12 Sep) 25169 – J TPO VWAP (12 Sep) |
BankNifty Sep F: 52757 [ 52999 / 52205 ]
| Open Type |
|---|
| OA (Open Auction) |
| Volumes of 12,131 contracts |
| Initial Balance |
|---|
| 325 points (52530 – 52205) |
| Volumes of 32,532 contracts |
| Day Type |
|---|
| Double Distribution – 794 pts |
| Volumes of 1,82,153 contracts |
BNF also took support just above the 2-day VAL of 52194 and made an OL (Open=Low) start at 52205 showing more intent by the buyers as they moved away from the balance leaving a pretty big A period tail till 52452 and followed it up with a rare C side extension handle at 52530 giving a trending move higher till 52987 till the G TPO.
The auction then made marginal new highs of 52999 stalling just below the BRN of 53000 at the start of the H period which marked the end of the upmove for the day and triggered some profit booking into the close as it got back to VWAP of 52716 in the M TPO leaving a Double Distribution Trend Day Up.
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Daily Zones
- Largest volume (POC) was traded at 52716 F and VWAP of the session was at 52716
- Value zones (volume profile) are at 52675-52716-52939
- BNF confirmed a FA at 51519 on 11/09. 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 19th Sep 2024
| Up |
| 52800 – HVN (18 Sep) 52920 – SOC (18 Sep) 53062 – VWAP (18 Jul) 53149 – 1 ATR (yPOC 52716) 53233 – 1 ATR (HVN 52800) 53318 – 2 ATR (Tail 52452) |
| Down |
| 52716 – POC (18 Sep) 52602 – 18 Sep Halfback 52452 – Buy Tail (18 Sep) 52328 – IB Tail mid (18 Sep) 52263 – Weekly POC 52194 – 2-day VAL (16-17 Sep) |
You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.