Nifty Spot: 26179 ( 26277 / 25847 ) Irregular Trend (Up)
Previous week’s report ended with this ‘The weekly profile is a Neutral Extreme One to the upside with completely higher Value at 25335-25415-25584 and looks good to end the month of September on a bullish note as long as it stays above the daily extension handle of 25612 in the coming week with Friday’s POC of 25702 being the immediate support. The spike zone from 25806 to 25849 will be the opening upside reference for the coming week with the pending objective of 25905 staying the first objective whereas the swing one now revised to 26454‘
Monday – 25939 [ 25956 / 25847 ] – Neutral Extreme (Up)
Tuesday – 25940 [ 26011 / 25886 ] – 3-1-3 profile
Wednesday – 26004 [ 26032 / 25871 ] – Neutral Extreme (Up)
Thursday – 26216 [ 26251 / 25998 ] Trend (Up)
Friday – 26179 [ 26277 / 26151 ] – Neutral Extreme (Down)
Nifty opened the week with a confirmation of a FA (Failed Auction) at 25847 signalling that the buyers were in control and went on to form an irregular trend up profile for the week completing the 2 ATR objective of 26272 while making a high of 26277 on Friday where it left another FA with a typical C side move signalling the end of the upmove. Value was completely higher at 25849-25933-26094 with an extension handle at 26114 and a zone of singles till 26151 which will be the immediate support to watch for in the coming week as it looks to fill up the current week’s irregular profile with the downside objectives being the prominent weekly POC of 25933 & the 2 ATR objective of 25829 whereas on the upside the FA of 26277 remains the swing reference.
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Hypos for 01st Oct – 25810 [ 26134 / 25794 ] – Trend (Down)
| Up |
| 25807 – Sell tail (20 Sep) 25849 – PDH 25905 – 1 ATR (MFA 24753) 25960 – 2 ATR (yVAL 25536) 26019 – 1 ATR (25807) 26097 – 1 ATR (M_EH 25612) |
| Down |
| 25783 – M TPO low (20 Sep) 25724 – L TPO h/b 25655 – 2 ATR (SOC 25277) 25612 – Daily Ext Handle 25555 – SOC (19 Sep) 25487 – A TPO h/b (20 Sep) |
Hypos for 03rd Oct – 25797 [ 25907 / 25739 ] Normal Variation (Down)
| Up |
| 25824 – 01 Oct Hakfback 25873 – Sell Tail (01 Oct) 25922 – Ext Handle (30 Sep) 25964 – 30 Sep Halfback 26022 – Sell Tail (30 Sep) 26073 – A TPO h/b (30 Sep) |
| Down |
| 25770 – POC (01 Oct) 25724 – L TPO h/b (20 Sep) 25669 – Weekly 1.5 IB 25612 – Daily Ext Handle 25557 – 1 ATR (yPOC 25770) 25514 – Weekly 2 IB |
Hypos for 04th Oct – 25250 [ 25639 / 25230 ] Trend (Down)
| Up |
| 25274 – M TPO high 25316 – I TPO h/b (03 Oct) 25368 – Ext Handle (03 Oct) 25434 – 03 Oct Halfback 25487 – SOC (03 Oct) 25522 – SOC (03 Oct) |
| Down |
| 25231 – Buy tail (03 Oct) 25187 – 12 Sep Halfback 25130 – Weekly Ext Handle 25063 – HVN (11 Sep) 25000 – VPOC (12 Sep) 24941 – FA (12 Sep) |
BankNifty Spot: 53834 [ 54467 / 53792 ] Gaussian Curve
Previous week’s report ended with this ‘The weekly profile is a Trend One to the upside with an initiative buying tail from 52007 to 51922 and had left buying extension handles at 52284 & 52486 enabling it to probe higher on all days as a result has formed completely higher Value at 51996-52221-53192 with a spike into the close from 53712 to 54066 which will be the zone to watch for the coming week‘
Monday – 54105 [ 54198 / 53741 ] – Double Distribution (Up)
Tuesday – 53968 [ 54247 / 53904 ] – Neutral
Wednesday – 54101 [ 54141 / 53792 ] – Normal Variation (Up)
Thursday – 54375 [ 54467 / 54010 ] – Normal Variation (Up)
Friday – 53834 [ 54338 / 53763 ] – Trend (Down)
BankNifty opened the week with a buying tail above the reference of 53712 and went on to record new ATH of 54467 on Thursday but left a responsive selling tail confirming profit booking by the buyers which was followed by a Trend Day Down on Friday as the sellers took control to bring it back to 53763 forming a nice Gaussian Curve on the weekly timeframe with completely higher value at 53941-54071-54201 but has closed below the value hinting at a probe into the prior week’s profile and a test of the daily VPOCs of 52944 & 52798 and the weekly one at 52221
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Hypos for 01st Oct – 52978 [ 53726 / 52926 ] – Normal (‘b’ shape)
| Up |
| 52991 – M TPO h/b (30 Sep) 53095 – G TPO h/b (30 Sep) 53248 – POC (30 Sep) 53381 – Sell Tail (30 Sep) 53537 – A TPO h/b (30 Sep) 53696 – Gap mid (30 Sep) |
| Down |
| 52954 – Weekly IBL 52798 – VPOC (18 Sep) 52647 – I TPO low (18 Sep) 52554 – 18 Sep Halfback 52403 – Buy Tail (18 Sep) 52284 – Daily Ext Handle |
Hypos for 03rd Oct – 52922 [ 53235 / 52817 ] – Normal (‘b’ shape)
| Up |
| 52939 – M TPO h/b (01 Oct) 53026 – 01 Oct Halfback 53114 – Sell Tail (01 Oct) 53248 – VPOC (30 Sep) 53381 – Sell Tail (30 Sep) 53537 – A TPO h/b (30 Sep) |
| Down |
| 52914 – SOC (01 Oct) 52798 – VPOC (18 Sep) 52647 – I TPO low (18 Sep) 52554 – 18 Sep Halfback 52403 – Buy Tail (18 Sep) 52284 – Daily Ext Handle |
Hypos for 04th Oct – 51845 [ 52583 / 51683 ] – Trend (Down)
| Up |
| 51899 – M TPO high (03 Oct) 52024 – H TPO h/b (03 Oct) 52133 – 03 Oct Halfback 52284 – SOC (03 Oct) 52439 – B TPO h/b (03 Oct) 52566 – Sell Tail (03 Oct) |
| Down |
| 51857 – M TPO h/b (03 Oct) 51751 – POC (03 Oct) 51621 – Ext Handle (12 Sep) 51451 – 12 Sep Halfback 51313 – 3-day VAH (10-12 Sep) 51186 – VPOC (12 Sep) |
