Nifty Sep F: 25489 [ 25640 / 25420 ]
| Open Type |
|---|
| OD (Open Drive) |
| Volumes of 54,599 contracts |
| Initial Balance |
|---|
| 160 points (25640 – 25480) |
| Volumes of 1,05,835 contracts |
| Day Type |
|---|
| Normal – 220 pts |
| Volumes of 3,03,629 contracts |
NF opened with a Drive Up scaling above previous high of 25519 as it went on to hit 25640 at the start of the B period but broke below the A TPO POC of 25600 along with day’s VWAP negating the drive resulting in a probe lower back into the 4-day composite Value.
The auction broke below the composite POC of 25449 while making couple of REs in the E & F periods but took support just above the VWAP of 25415 while making a low of 25420 marking the end of the downside and gave a bounce back to day’s VWAP of 25517 into the close leaving a Normal Day with overlapping to higher value.
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Daily Zones
- Largest volume (POC) was traded at 25480 F and VWAP of the session was at 25517
- Value zones (volume profile) are at 25425-25480-25554
- 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
- (13-19 Sep) – NF remained above previous week’s uppermost extension handle of 25285 & has formed a Normal Variation weekly profile to the upside with mostly higher value at 25371-25449-25494 which is also a nice balance with POC & VWAP aligning so can give a move away from here with the PLR staying to the upside as long as this week’s VWAP of 25447 is held
- (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 20thSep 2024
| Up |
| 25493 – M TPO VWAP (19 Sep) 25530 – 19 Sep Halfback 25587 – B TPO h/b (19 Sep) 25633 – Sell Tail (19 Sep) 25674 – Monthly 2 IB 25716 – 1 ATR (19 Sep H/B 25530) |
| Down |
| 25480 – POC (19 Sep) 25420 – Monthly IBH 25375 – VPOC (18 Sep) 25337 – Buy tail (18 Sep) 25285 – Ext Handle (12 Sep) 25250 – Ext Handle (12 Sep) |
BankNifty Sep F: 53177 [ 53447 / 52833 ]
| Open Type |
|---|
| OD (Open Drive) |
| Volumes of 28,383 contracts |
| Initial Balance |
|---|
| 598 points (53447 – 52849) |
| Volumes of 37,511 contracts |
| Day Type |
|---|
| Normal – 614 pts |
| Volumes of 1,34,320 contracts |
to be updated…
to be updated…
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Daily Zones
- Largest volume (POC) was traded at 53190 F and VWAP of the session was at 53131
- Value zones (volume profile) are at 53005-53190-53256
- 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 20th Sep 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.