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Nifty Aug F: 24898 [ 25099 / 24887 ] Normal Variation (Down)
Open Type |
|---|
OD (Open Drive) |
Volumes of 10,827 contracts |
Above Average
Initial Balance |
|---|
25099 - 24955 (144 points) |
Volumes of 26,711 contracts |
Above Average
Day Type |
|---|
25099 - 24887 (212 points) Normal Variation |
Volumes of 71,849 contracts |
Average
NF opened lower and continued to drive down breaking below previous week's VWAP & POC of 25041 & 24986 in the A period itself after which it made REs (Range Extension) hitting a low of 24915 in the E TPO as the range began to contract making way for a small bounce to the day's VWAP where it left a PBH at 24975 in the I TPO indicating that the sellers were very much in control and they ensured a fresh drop in the K period making a look down below previous week's low and closing in a spike to 24887 and the zone till 24915 will be on watch for the next open as Spike Rules will be in play.
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Largest volume (POC) was traded at 24901 F and VWAP of the session was at 24957
Value zones (volume profile) are at 24891-24901-24957
HVNs are at 24632 / 24683** / 24959 (** denotes series POC)
Weekly Charts can be viewed here
(18-21 Aug) - NF opened this week with a big gap up and forming a Normal Variation profile to the upside with completely higher Value at 24941-24986-25080 making a high of 25179 as it stalled just below the objective and weekly VPOC of 25188. This week's VWAP of 25041 will be the swing reference for buyers to defend it they want to close the series at highs
(08-14 Aug) - NF has formed a Neutral Centre profile on the weekly with overlapping to lower Value at 24551-24698-24748 and will need to stay above 24698 and take out the supply zone at 24748 for a probe higher towards the weekly VPOCs of 24959 & 25188 whereas on the downside, this week's VWAP of 24614 will be an important support below which it could go for a test of the 3-day VPOC of 24517 & Swing low of 24409
(01-07 Aug) - NF has formed a nice balanced profile for the week with completely lower Value at 24622-24683-24803 and had made an attempt to move away from this zone on settlement day but left a responsive buying tail from 24434 to 24409 and gave a sharp bounce back to 24721 before closing around the prominent POC of 24683 which will be the reference for the coming week.
(25-31 Jul) - NF has formed a nice balanced profile on the weekly with an initiative selling tail taking it away from previous Value hence was completely lower this week at 24817-24959-25029 with the VWAP at 24895
The settlement day Roll Over point (Aug 2025) is 24860
The VWAP & POC of Jul 2025 Series is 25142 & 25452 respectively
The VWAP & POC of Jun 2025 Series is 25009 & 25109 respectively
The VWAP & POC of May 2025 Series is 24673 & 24757 respectively
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow)
Up |
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24901 - POC (22 Aug) 24948 - J TPO VWAP (22 Aug) 24983 - 22 Aug Halfback 25014 - A TPO VWAP (22 Aug) 25070 - 1 ATR (PDL 24887) 25132 - 21 Aug Halfback |
Down |
|---|
24892 - HVN (22 Aug) 24855 - Ext Handle (Aug) 24796 - Gap mid (18 Aug) 24750 - 3-day tail (12-14 Aug) 24698 - VPOC (14 Aug) 24666 - Buy tail (14 Aug) |
BankNifty Aug F: 55270 [ 55821 / 55225 ] Normal Variation (Down)
Open Type |
|---|
OTD (Open Test Drive) |
Volumes of 3,577 contracts |
Above Average
Initial Balance |
|---|
55821 - 55412 (410 points) |
Volumes of 11,418 contracts |
Above Average
Day Type |
|---|
55821 - 55225 (597 points) Normal Variation |
Volumes of 31,517 contracts |
Above Average
The failure of buyers in the previous session was taken complete advantage off by the sellers who came in strongly to give an Open Test Drive taking BNF back into previous week's balanced Value area zone completing the 80% Rule as it made a typical C side extension to 55370 pausing the imbalance to the downside from where it gave a PBH at 55485 in the F and went on to leave an extension handle at 55366 in the K TPO to make new lows of 55225 stopping just above the weekly buying tail from 55189 to 55070.
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Largest volume (POC) was traded at 55455 F and VWAP of the session was at 55447
Value zones (volume profile) are at 55293-55455-55645
BNF confirmed a FA at 56249 on 01/08 and completed the 2 ATR objective of 55278 on 07/08
HVNs are at 55825 (** denotes series POC)
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(18-22 Aug) - BNF made the expected move to imbalance from last week's 3-1-3 profile but it came in form of a big gap up of 500 points as it went on to get above the RollOver point of 56170 but stalled just below 01 Aug's FA of 56249 signalling that the supply is holding this zone after which it remained largely in Monday's range of 55720 to 56245 till Thursday after which the sellers made another strike leaving an extension handle at 55701 forcing its way back into previous week's value where it completed the 80% Rule leaving a Double Distribution (DD) Down weekly structure with completely higher Value at 55750-55840-56187 but a close around the lows so this week's VWAP of 55825 will now be a Swing supply point below which we have the DD zone till 55485 and the immediate hurdle at 55390 for the expiry week
(11-14 Aug) - BNF has formed a 3-1-3 profile along with an Inside Week with overlapping to lower Value at 55372-55437-55574 and looks good for a move away from here provided one of the tails of this week is taken out by initiative activity
(04-08 Aug) - BNF was in the process of forming a Trend Down profile on the weekly as it remained below previous Value and made lower highs and lows on the first 4 days of the week but saw some profit booking after it hit 55151 triggering a sharp & quick bounce to 55841 where aggressive supply came back strongly to push it back lower on the last day of the week as it hit new lows of 55070 into the close leaving a slightly balance weekly profile with completely lower Value at 55436-55825-55891 and the important supply side VWAP at 55551
Weekly Charts can be viewed here
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The settlement day Roll Over point (Aug 2025) is 56170
The VWAP & POC of Jul 2025 Series is 56751 & 57013 respectively
The VWAP & POC of Jun 2025 Series is 56200 & 56608 respectively
The VWAP & POC of May 2025 Series is 55019 & 55320 respectively
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow)
Up |
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55295 - HVN (22 Aug) 55366 - Ext Handle (22 Aug) 55447 - VWAP (22 Aug) 55515 - 22 Aug Halfback 55658 - A TPO VWAP (22 Aug) 55755 - 4-day VAL (18-21 Aug) |
Down |
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55295 - HVN (22 Aug) 55189 - Buy Tail (11 Aug) 55070 - Swing Low (08 Aug) 54961 - Monthly 1.5 IB 54865 - 1 ATR (HVN 55295) 54780 - 1 ATR (WPOC 55840) |
You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.
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