Nifty Aug F: 10874 [ 10994 / 10862 ]
NF made a balance inside previous day’s range & value for most part of the day leaving a big range bar in the ‘F’ period with a 100 point range of 10994 to 10894 which also confirmed a FA at highs as the auction closed as a Neutral Extreme Down Day which has a bad reputation of giving a follow up.
- The NF Open was an Open Auction In Range (OAIR)
- The day type was a Neutral Extreme Day (Down)
- Largest volume was traded at 10940 F
- Vwap of the session was at 10936 with volumes of 131.2 L and range of 132 points as it made a High-Low of 10993-10962
- NF confirmed a FA at 10993 today & the 1 ATR objective down from this FA comes to 10839
- NF had confirmed a FA at 10807 on 05/08 and tagged the 1 ATR move of 10946 on 06/08. The 2 ATR objective from this FA comes to 11085. This FA is currently on ‘T+3’ Days
- The Trend Day POC & VWAP of 19/07 at 11478 & 11523 are now positional references on the upside.
- The higher Trend Day VWAP of 05/07 at 11965 is another important reference higher.
- The settlement day Roll Over point is 11315
- The VWAP & POC of Jul Series is 11575 & 11547 respectively.
- The VWAP & POC of Jun Series is 11833 & 11714 respectively.
- The VWAP & POC of May Series is 11613 & 11696 respectively.
You can check the monthly charts & other swing levels for Nifty & NF here & for the weekly charts & analysis, please click here.
Daily Zones:
- Value zones (volume profile) are at 10912-10940-10979
Hypos / Estimates for the next session:
-NA-
BankNifty Aug F: 27748 [ 28242 / 27690]
BNF finally stopped the trend of opening with a gap after 5 consecutive gap downs and stayed inside previous days Value to make a balance in the first half but a failed attempt to probe above yVAH (yesterdat’s Value Area High) & PDH of 28223-28240 was met with rejection as the auction made similar high of 28242 in the ‘F’ period. This led to a big move to the downside as the auction entered into the buying tail of 27850 to 27651 to leave a Neutral Extreme Day with the reference for the next session at 27961 to 27690.
- The BNF Open was an Open Auction In Range (OAIR)
- The day type was a Neutral Extreme Day (Down)
- Largest volume was traded at 28130 F
- Vwap of the session was at 28043 with volumes of 39 L in a session which traded in a range of 552 points making a High-Low of 28242-27690
- The Trend Day VWAP of 19/07 at 30085 is now positional supply point.
- The higher Trend Day VWAP of 18/07 & 08/07 at 30598 & 30995 remain important references going forward
- The settlement day Roll Over point is 29250
- The VWAP & POC of Jul Series is 30425 & 30586 respectively.
- The VWAP & POC of Jun Series is 30914 & 30961 respectively.
- The VWAP & POC of May Series 30211 & 28940 respectively
For the Monthly charts & other swing levels for BankNifty & BNF click here & for the weekly charts & analysis, please click here.
Daily Zones:
- Value zones (volume profile) are at 27944-28130-28223
Hypos / Estimates for the next session:
-NA-
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