Nifty Jun F: 15618 [ 15660 / 15546 ]
NF made yet another higher open and took support right at PDH (Previous Day High) of 15600 as it probed higher in the A period to hit new highs of 15660 but could not extend any further settling down into a typical OAOR narrow range of 60 points in the IB. The auction then got back into previous day’s range with the help of a big C side extension lower and followed it up with another RE in the ‘E’ period as it made a low of 15546 almost tagging the 2 IB objective marking the end of the downside as NF formed a nice balance for the rest of the day leaving a Gaussian profile with overlapping to higher Value closing near the dPOC of 15624.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 15624 F
- Vwap of the session was at 15609 with volumes of 76 L and range of 114 points as it made a High-Low of 15660-15546
- The settlement day Roll Over point (June) is 15396
- The VWAP & POC of May Series is 14945 & 15094 respectively.
- The VWAP & POC of Apr Series is 14576 & 14375 respectively.
- The VWAP & POC of Mar Series is 14816 & 14737 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 15597-15624-15634
HVNs – 15277 / 15458
BankNifty Jun F: 35454 [ 35797 / 35314 ]
BNF also opened higher and formed new highs for the series at 35797 in the ‘A’ period but the lack of new demand led to the break of VWAP in the ‘B’ period and sellers seized this oppourtunity to leave an extension handle at 35556 and push the auction back into the 2-day composite Value as it probed lower till the ‘E’ period completing the major part of the 80% Rule by tagging the composite POC of 35315 to the dot. However, the return of demand at this important level stopped the OTF (One Time Frame) probe lower and led to a pull back over the next 5 periods as BNF went on to negate the selling extension handle of 35556 and made a high of 35648 but got rejected from right below the PDH of 35650 which led to a quick liquidation move lower to 35355 in the ‘J’ period itself after which the auction settled down to close at the dPOC of 35462 leaving a ‘b’ shape profile for the day giving more confirmation that a balance is currently underway after the ‘p’ & ‘b’ it has formed in the last 2 sessions. The 3-day composite is forming a perfect Gaussian Curve with Value at 35290-35459-35571 and initiative voumes in the coming session(s) could signal the start of a fresh imbalance away from here.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 35462 F
- Vwap of the session was at 35507 with volumes of 36.4 L and range of 484 points as it made a High-Low of 35797-35314
- The settlement day Roll Over point (June) is 35380
- The VWAP & POC of May Series is 33568 & 34828 respectively.
- The VWAP & POC of Apr Series is 33260 & 32490 respectively.
- The VWAP & POC of Mar Series is 34618 & 33870 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 35336-35462-35553
HVNs – 34778 / 35459
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