Nifty Sep F: 25449 [ 25479 / 25385 ]
| Open Type |
|---|
| OAIR (Open Auction) |
| Volumes of 16,350 contracts |
| Initial Balance |
|---|
| 70 points (25455 – 25385) |
| Volumes of 40,899 contracts |
| Day Type |
|---|
| Inside Bar – 94 pts |
| Volumes of 1,09,306 contracts |
NF remained in a narrow 94 point range all day taking support yet again at weekly POC of 25376 where as on the upside could not get demand at previous RS of 25474 as it made a high of 25479 leaving small tails at both ends forming an Inside Day both in terms of range & value
The auction has a nice 2-day composite with Value at 25419-25449-25468 and will need initaitive volumes to move away from here in the coming sessions for a fresh imbalance to begin.
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Daily Zones
- Largest volume (POC) was traded at 25449 F and VWAP of the session was at 25435
- Value zones (volume profile) are at 25419-25449-25465
- 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 18thSep 2024
| Up |
| 25468 – 2-day VAH (16-17 Sep) 25500 – Weekly 1.5 IB 25547 – Monthly 1.5 IB 25585 – 2 ATR (VWAP 25215) 25632 – 1 ATR (yPOC 25449) 25674 – Monthly 2 IB |
| Down |
| 25449 – POC (17 Sep) 25419 – 2-day VAH (16-17 Sep) 25366 – 16 Sep Halfback 25312 – AVWAP (12 Sep) 25285 – Ext Handle (12 Sep) 25250 – Ext Handle (12 Sep) |
BankNifty Sep F: 52295 [ 52357 / 52185 ]
| Open Type |
|---|
| OA (Open Auction) |
| Volumes of 9,419 contracts |
| Initial Balance |
|---|
| 160 points (52345 – 52185) |
| Volumes of 23,617 contracts |
| Day Type |
|---|
| Normal – 173 pts |
| Volumes of 68,508 contracts |
BNF also formed a narrow range Normal profile for the day after leaving similar lows in the IB at 52185 indicating limited downside and making a look up above previous highs as it tested the 01st Aug Swing High of 52349 but could only manage to tag 52357 and settled down at the prominent POC of 52300.
The auction has left a 2-day composite ‘p’ shape profile with Value at 52194-52264-52316 and looks good for a move away from this zone in the coming sessions.
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Daily Zones
- Largest volume (POC) was traded at 52300 F and VWAP of the session was at 52289
- Value zones (volume profile) are at 52276-52300-52346
- 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 18th Sep 2024
| Up |
| 52316 – 2-day VAH (16-17 Sep) 52437 – 1 ATR (Ext Handle 52044) 52527 – 1 ATR (16 Sep H/B 52134) 52601 – SOC (29 Jul) 52708 – 2 ATR (VPOC 51922) 52838 – Weekly 3 IB |
| Down |
| 52264 – 2-day POC (16-17 Sep) 52194 – 2-day VAL (16-17 Sep) 52102 – Buy Tail (16 Sep) 51980 – K TPO POC (13 Sep) 51880 – VWAP (13 Sep) 51760 – C TPO POC (13 Sep) |
You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.