Nifty Jun F: 16604 [ 16790 / 16578 ]
NF moved away from the 4-day balance as it opened with a big gap up of 140 points but settled down into an OAOR (Open Auction Out of Range) start forming a very narrow 54 point range IB (Initial Balance) between 16790 to 16736.
The auction then made couple of small REs (Range Extension) lower in the C & D periods where it made marginal new lows of 16713 but the pull back to VWAP resulted in similar highs of 16767 & 16765 indicating lack of demand triggering a fresh imbalance to the downside as NF not only completed the 3 IB objective of 16630 but left an extension handle there to further extend the fall to 16578 before closing the day at 16604 leaving a Trend Day Down.
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 Trend Day – Down (TD)
- Largest volume was traded at 16760 F
- Vwap of the session was at 16701 with volumes of 100.5 L and range of 212 points as it made a High-Low of 16790-16578
- The settlement day Roll Over point (Jun 2022) is 16180
- The VWAP & POC of May 2022 Series is 16270 & 16340 respectively.
- The VWAP & POC of Apr 2022 Series is 17430 & 17145 respectively.
- The VWAP & POC of Mar 2022 Series is 16753 & 17255 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 16665-16760-16783
HVNs – 16070 / 16309 / 16572 / 16621**
(** indicates series POC)
Business Areas for 06th Jun 2022:
Up
16631 – Extension Handle (03rd Jun)
16668 – Weekly VAH
16701 – VWAP from 03rd Jun
16760 – dPOC from 03rd Jun
16838 – NeuX VWAP (05th May)
16866 – 1 ATR from 16623
Down
16594 – Buying singles (03rd Jun)
16539 – 4-day composite VAL
16466 – Buying singles (01st Jun)
16425 – Daily Swing Low
16394 – Gap Mid-point
16340 – Selling tail (27th May)
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Jun F: 35369 [ 36025 / 35260 ]
BNF also opened higher by over 300 points as it completed the 1 ATR objective of 35972 from the FA of 35321 and made a freak tick of 36333 but showed swift rejection from the 30th May HVN of 36024 as it left an initiative selling tail from 35903 to 36025 and trended lower all day as it completed the 80% Rule in the 2-day Gaussian profile & went on to make new lows for the week at 35260 stalling just above June’s RO (Roll Over) point of 35250 before closing the day at 35369 leaving a Trend Day Down engulfing the last 5 sessions.
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 – Down (TD)
- Largest volume was traded at 35663 F
- Vwap of the session was at 35659 with volumes of 45.3 L and range of 765 points as it made a High-Low of 36025-35260
- BNF has confirmed a FA at 36132 on 30/05 and tagged the 1 ATR objective of 35463 on 31/05. The 2 ATR target comes to 34793.
- BNF confirmed a FA at 34483 on 26/05 and tagged the 2 ATR objective of 35823 on 30/05. This FA has not been tagged and is now a positional reference..
- The settlement day Roll Over point (Jun 2022) is 35250
- The VWAP & POC of May 2022 Series is 34570 & 34477 respectively.
- The VWAP & POC of Apr 2022 Series is 37090 & 36386 respectively.
- The VWAP & POC of Mar 2022 Series is 34992 & 35648 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 35558-35663-36003
HVNs – 34710 / 35656** / 35854
(** indicates series POC)
Business Areas for 06th Jun 2022:
Up
35397 – Closing HVN (03rd Jun)
35496 – Closing PBH (03rd Jun)
35659 – VWAP from 03rd Jun
35739 – LVN from 03rd Jun
35842 – PBH from 03rd Jun
35964 – IB singles mid-point
36132 – FA from 30th May
Down
35361 – Closing HVN (03rd Jun)
35250 – Jun RO Point
35111 – NeuX zone low (26th May)
34985 – Extension Handle (26th May)
34853 – NeuX VWAP from 26th May
34710 – HVN from 26th May
34570 – May series VWAP
(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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