Nifty Jul F: 15776 [ 16014 / 15752 ]
NF made a strong open by not only opening higher where it tagged the 27th Jun VPOC of 15897 but continued an OTF (One Time Frame) probe till the G period completing the 2 ATR objective of 15935 along with the 2 IB objective of 15986 from the 3-day composite with ease as it made a high of 16014 testing the Gap Singles from 13th Jun.
However, aggressive supply returned in this zone which first led to the stalling of the trending move higher since open and then the break of day’s VWAP in the H period triggered a big liquidation move resulting in an extension handle at 15875 & a spike down to 15752 into the close stopping just above yesterday’s NeuX VWAP of 15745 as the auction left a hat-trick of Neutral Extreme Days but the first one to the downside.
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 – Down (NeuX)
- Largest volume was traded at 15972 F
- Vwap of the session was at 15895 with volumes of 133.2 L and range of 262 points as it made a High-Low of 16014-15752
- NF confirmed a FA at 15651 on 04/07 and tagged the 1 ATR objective of 15871 on 05/07. The 2 ATR target comes to 16092
- NF confirmed a FA at 15514 on 01/07 and tagged the 2 ATR objective of 15935 on 05/07.
- 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 15839-15972-16011
HVNs – 15670
(** indicates series POC)
Business Areas for 06th Jul 2022:
Up
15805 – NeuX zone high
15853 – Mid-profile singles
15895 – NeuX VWAP
15967 – SOC from 05th Jul
16009 – Selling singles
16069 – Gap Mid-point (13th Jun)
Down
15772 – Closing HVN (05th Jul)
15720 – RO Point
15696 – SOC from 04th Jul
15652 – FA from 04th Jul
15565 – PBL from 01st Jul
15514 – FA from 01st Jul
(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: 33827 [ 34400 / 33762 ]
BNF continued previous two day’s imbalance to the upside with a higher open and a good initiative buying tail in the IB from 34263 to 33762 and even made couple of REs (Range Extension) higher in the C & F periods where it made a high of 34400 and settled down into a very narrow range building volumes at 34312 but formed similar highs in the G & H TPOs indicating exhaustion on the upside & the subsequent break of day’s VWAP triggered a huge liquidation break into the close as the auction not only negated the morning singles but went on to break below previous day’s extension handle of 33889 & made a low of 33762 stopping just above the PBL of 33740 leaving a Neutral Extreme Day Down.
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 Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 34312 F
- Vwap of the session was at 34144 with volumes of 39.9 L and range of 637 points as it made a High-Low of 34400-33762
- 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 34063-34312-34396
HVNs – 33179 / 33833
(** indicates series POC)
Business Areas for 06th Jul 2022:
Up
33874 – Mid-profile singles
34002 – Extension Handle (05th Jul)
34144 – NeuX VWAP (05th Jul)
34296 – SOC from 05th Jul
34397 – PBH from 05th Jul
34505 – Weekly ATR objective
34614 – HVN from 10th Jun
Down
33786 – Closing HVN (05th Jul)
33623 – Buying Singles (04th Jul)
33489 – HVN from 01st Jul
33394 – Extension Handle
33279 – PBL from 01st Jul
33153 – Buying Singles
32988 – PBL 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 )
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