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Nifty Spot: 25327 [ 25448 / 25049 ] Triple Distribution (Up)
Previous week’s report ended with this ‘The weekly profile is a Neutral Extreme one to the upside with mostly higher Value at 24751-24858-2466 with a FA at lows along with an important buy side reference at 24870 (Weekly IBH) with a zone of singles till 24918 and a higher extension handle at 25026 which will be the levels to watch on the downside in the coming week whereas on the upside, we have the Swing high of 25153 & 1 ATR objective of 25226 as immediate objectives above which Nifty can go for a test of the extension handle of 25331 & weekly VPOC of 25452'
15 Sep (Monday) - 25069 [ 25138 / 25049 ] Normal (3-1-3)
16 Sep (Tuesday) - 25239 [ 25261 / 25070 ] Normal Variation (Up)
17 Sep (Wednesday) - 25330 [ 25346 / 25275 ] Normal
18 Sep (Thursday) - 25423 [ 25448 / 25329 ] Normal Variation (Down)
19 Sep (Friday) - 25327 [ 25410 / 25286 ] Normal ('b' shape)
Nifty stalled at previous week's high of 25139 on Monday leaving a small initiative selling tail but could only manage to make a low of 25048 stalling just above the extension handle of 25026 where it left a small yet important buying tail indicating support which was followed by initiative demand taking over on Tuesday with A period singles from 25131 to 25070 as it not only hit the objective of 25226 but went on to make a high of 25261 and continued the imbalance with a higher open on Wednesday completing the next target of this week which was at 25331 while leaving similar highs at 25346.
The auction opened with a big gap up on Thursday recording new highs of 25448 almost hitting the final goal of 25452 for the week as per previous report and left a tiny but once again significant tail marking the end of the upside as it went on to pull back to 25329 before closing around the dPOC of 25415 hinting at distribution happening and confirmed this fact with a long liquidation 'b' shape profile on Friday with a selling tail from 25360 to 25431 and poor lows at 25286.
The weekly profile is a Triple Distribution Trend Up one with completely higher Value at 25244-25333-25448 and couple of extension handles at 25140 & 25254 which will be the immediate supports for the coming week whereas on the upside, Nifty will need to sustain above this week's prominent POC of 25333 to continue towards the daily VPOC of 25525 from 09th Jul and the FA of 25587 from 03rd as the immediate objectives.
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22 Sep (Monday) - 25202 [ 25331 / 25151 ] Normal Variation (Down)
23 Sep (Tuesday) - 25169 [ 25261 / 25084 ] Neutral Centre
24 Sep (Wednesday) - 25056 [ 25149 / 25027 ] Normal
25 Sep (Thursday) - 24890 [ 25092 / 24878 ] Trend (Down)
Up |
|---|
24905 - M TPO high (25 Sep) 24949 - Ext Handle (25 Sep) 24982 - POC (25 Sep) 25015 - E TPO h/b (25 Sep) 25060 - Sell Tail (25 Sep) 25103 - VAH (24 Sep) |
Down |
|---|
24890 - Prev Close 24856 - VPOC (09 Sep) 24814 - FA (09 Sep) 24781 - M TPO h/b (08 Sep) 24736 - Weekly VPOC 24692 - VPOC (05 Sep) |
BankNifty Spot: 55458 [ 55835 / 54777 ] Neutral Extreme (Up)
Previous week’s report ended with this 'The weekly set up is a Normal Variation one to the upside with mostly higher Value at 54076-54178-54615 with a close around the highs so can expect the test of the extension handle of 55048 in the coming week and a sustained probe above it can bring about the higher extension handle of 55577 along with the weekly VPOC of 55780 from 18th to 22nd Aug 2025'
15 Sep (Monday) - 54887 [ 55018 / 54807 ] Neutral
16 Sep (Tuesday) - 55147 [ 55185 / 54777 ] Normal (Outside Bar)
17 Sep (Wednesday) - 55493 [ 55540 / 55146 ] Normal Variation (Up)
18 Sep (Thursday) - 55727 [ 55835 / 55490 ] Normal Variation (Down)
19 Sep (Friday) - 55458 [ 55688 / 55355 ] Normal Variation (Down)
BankNifty opened the week with a narrow range Neutral Day stalling just below the extension handle of 55048 but the probe below Monday's low was met with swift rejection at open on Tuesday resulting in an initiative buying tail from 55120 to 54777 and a weekly FA at lows as buyers took complete control first making a high of 55185 and then left another A period singles from 55234 to 55146 on Wednesday as it made a high of 55540 stopping just below the higher extension handle of 55577.
The auction then made a big gap up open on Thursday hitting that final objective of this week at 55780 as it recorded new highs of 55835 but the look up above August's Value did not sustain triggering a profit booking drop first to 55490 and then continued with a long liquidation profile on Friday falling further to 55355.
The weekly profile is a Neutral Extreme one to the upside with a FA at lows of 54777 and has formed completely higher Value at 55125-55414-55833 with 2 extension handles at 55048 & 55185 which will be the zone buyers will need to hold to continue the upside towards the higher weekly VPOC of 56187 in the coming week.
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22 Sep (Monday) - 55284 [ 55666 / 55215 ] Neutral Extreme (Down)
23 Sep (Tuesday) - 55509 [ 55662 / 55159 ] Double Distribution (Up)
24 Sep (Wednesday) - 55121 [ 55511 / 55040 ] Normal Variation (Down)
25 Sep (Thursday) - 54976 [ 55276 / 54903 ] Neutral Extreme (Down)
Up |
|---|
54993 - Ext Handle (25 Sep) 55089 - 25 Sep Halfback 55175 - POC (25 Sep) 55276 - FA (25 Sep) 55368 - A TPO h/b (24 Sep) 55527 - VPOC (23 Sep) |
Down |
|---|
54976 - Prev Close 54886 - A TPO h/b (16 Sep) 54777 - FA (15-19 Sep) 54625 - Buy Tail (12 Sep) 54526 - Buy Tail (11 Sep) 54385 - Gap mid (10 Sep) |
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