Nifty Jul F: 15754 [ 15787 / 15514 ]
NF opened with an almost OH (Open=High) start at 15705 giving the first sign of moving away from the 3-day balance it was forming as it settled into an OAOR (Open Auction Out of Range) and made a big move away in the B period as it confirmed an initiative selling tail from 15633 to 15705 & went on to tag the 23rd Jun’s VPOC of 15588 & that day’s VWAP of 15532 after which it made the dreaded C side extension to 15514 which got rejected signalling the end of the downside.
The auction then reversed the probe to the upside and left an important PBL at 15565 in the F TPO after which it got accepted in the morning selling singles leaving another PBL at 15627 in the K period before it spiked higher into the close with the help of an extension handle at 15713 as it entered the 3-day composite Value & tagged the POC of 15778 while making a high of 15787 leaving a Neutral Extreme Day Up and confirming a FA at 15514 as the new July series begins.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 15673 F
- Vwap of the session was at 15652 with volumes of 151.8 L and range of 273 points as it made a High-Low of 15787-15514
- NF confirmed a multi-day FA at 15514 on 01/07 and tagged the 1 ATR objective of 15724 on the same day. The 2 ATR target comes to 15935.
- The settlement day Roll Over point (Jul 2022) is 15720
- The VWAP & POC of Jun 2022 Series is 15895 & 15793 respectively.
- The VWAP & POC of May 2022 Series is 16270 & 16340 respectively.
- The VWAP & POC of Apr 2022 Series is 17430 & 17145 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 15566-15673-15698
Business Areas for 04th Jul 2022:
Up
15776 – Weekly Series POC
15818 – 3-day composite VAH
15865 – Selling tail (30th Jun)
15897 – VPOC from 27th Jun
15935 – 2 ATR from 15514
15986 – 2 IB target of 3-day comp
16069 – Gap Mid-point (13th Jun)
Down
15748 – Mid-profile singles
15713 – Extension Handle (01st Jul)
15673 – dPOC from 01st Jul
15627 – PBL from 01st Jul
15565 – PBL from 01st Jul
15514 – FA from 01st Jul
15442 – SOC from 23rd Jun
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Jul F: 33638 [ 33740 / 33131 ]
BNF negated previous day’s buying singles and made new lows for the week at 33131 but could only manage an OAOR (Open Auction Out of Range) start as it remained in a 210 point range in the A period & formed a very narrow inside bar of just 93 points in the B building volumes once again around the 23rd Jun VPOC of 33186.
The inability to extend on the downside then led to a OTF (One Time Frame) probe higher for the rest of the day as the auction left multiple extension handles at 33394, 33566 & 33620 and made a look up above PDH while making a high of 33740 leaving a Trend Day Up profile and an outside bar in terms of range though with regard to Value, BNF formed completely lower Value with the dPOC staying down at 33187.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Trend Day – Up (TD)
- Largest volume was traded at 33187 F
- Vwap of the session was at 33396 with volumes of 39.4 L and range of 608 points as it made a High-Low of 33740-33131
- The settlement day Roll Over point (Jul 2022) is 33380
- The VWAP & POC of Jun 2022 Series is 33969 & 33498 respectively.
- The VWAP & POC of May 2022 Series is 34570 & 34477 respectively.
- The VWAP & POC of Apr 2022 Series is 37090 & 36386 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 33131-33187-33309
Business Areas for 04th Jul 2022:
Up
33671 – M TPO VWAP
33798 – Daily Swing High
33876 – HVN from 27th Jun
33979 – VPOC from 27th Jun
34092 – HVN from 27th Jun
34185 – Mid-point
34369 – Weekly 3 IB target
34505 – Weekly ATR objective
Down
33620 – Extension Handle
33489 – HVN from 01st Jul
33394 – Extension Handle
33279 – PBL from 01st Jul
33153 – Buying Singles
32988 – PBL from 23rd Jun
32877 – HVN from 23rd Jun
32724 – Buying singles
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
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