Nifty Jun F: 15701 [ 15756 / 15654 ]
NF continued the previous day’s Neutral Extreme probe higher at open as it tagged 15750 in the IB (Initial Balance) but the dreaded C side extension got some laggard buyers stuck resulting in a FA being confirmed at 15756 as the auction probed lower for most part of the day leaving similar lows of 15656 & 15654 signifying return of demand in the previous day’s buying tail casuing a bounce back to 15713 into the close. The day’s range & Value both were overlapping leading to a nice 2-day composite with Value at 15677-15690-15716 which would be the reference for the next session.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction (OA)
- The Day type was a Neutral Day (NeuD)
- Largest volume was traded at 15704 F
- Vwap of the session was at 15704 with volumes of 59.2 L and range of 102 points as it made a High-Low of 15756-15654
- NF confirmed a FA at 15756 on 04/06 and the 1 ATR objective comes to 15618.
- NF confirmed a FA at 15502 on 02/06 and tagged the 1 ATR target of 15648 on 03/06. The 2 ATR objective comes to 15793.
- 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 15682-15704-15729
HVNs – 15277 / 15458 / 15578 / 15684
BankNifty Jun F: 35508 [ 35961 / 35350 ]
BNF opened in the Neutral Extreme zone of yesterday and went on to make new highs for the week at 35961 in the ‘B’ period but left a small but important tail at top resulting in a long liquidation move for the day as it made multiple REs lower negating the FA of 35553 and went on to make a low of 35350 forming a ‘b’ shape profile for the day. The larger time frame over the last 6 days has been forming a balance with the composite Value at 35250-35441-35628 and a move away from here on initiative volumes could be on the cards in the coming session(s).
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction (OA)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 35552 F
- Vwap of the session was at 35612 with volumes of 37.8 L and range of 611 points as it made a High-Low of 35961-35350
- BNF confirmed a FA at 35553 on 03/06 and the 1 ATR target comes to 36184. This FA got negated on 04/06 and is no longer a valid reference.
- 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 35411-35552-35721
HVNs – 34778 / 35441
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