Nifty Jul F: 15858 [ 15868 / 15785 ]
NF moved away from the 2-day balance at open and as expected initiated the 80% Rule in the larger 7-day composite (22nd Jun to 30th Jun) of 15794-15831-15894 making a slow probe higher all day forming a ‘p’ shape profile for the day with a close around the highs of 15868. Value for the day was completely higher with a long buying tail from 15816 to 15741 which would be the reference on the downside whereas on the upside, the composite VAH of 15894 & the 2 ATR objective of 15943 will be the objectives of this imbalance to the upside.
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- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Up (‘p’ shape profile)
- Largest volume was traded at 15843 F
- Vwap of the session was at 15834 with volumes of 52.1 L and range of 83 points as it made a High-Low of 15868-15785
- NF confirmed a FA at 15659 on 02/07 and tagged the 1 ATR target target of 15801 on 05/07. The 2 ATR objective comes to 15943
- The settlement day Roll Over point (July) is 15840
- The VWAP & POC of Jun Series is 15721 & 15721 respectively.
- The VWAP & POC of May Series is 14945 & 15094 respectively.
- The VWAP & POC of Apr Series is 14576 & 14375 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 15818-15843-15855
HVNs – 15817
BankNifty Jul F: 35337 [ 35366 / 35055 ]
BNF also moved away from the 2-day Gaussian profile with a gap up open and an initiative tail in the IB as it negated the NeuX VWAP of 35149 but remained in a narrow range of just 310 points forming a hat-trick of such days even as it hit new highs into the close at 35366 forming completely higher Value for the day. The dPOC shifted higher to 35337 and would be the immediate reference for the next open with the singles of 35150 to 34952 being the important support zone for the coming session(s).
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 – Up (‘p’ shape profile)
- Largest volume was traded at 35337 F
- Vwap of the session was at 35012 with volumes of 26.6 L and range of 310 points as it made a High-Low of 35366-35055
- The settlement day Roll Over point (July) is 35000
- The VWAP & POC of Jun Series is 35012 & 35070 respectively.
- The VWAP & POC of May Series is 33568 & 34828 respectively.
- The VWAP & POC of Apr Series is 33260 & 32490 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 35196-35337-35351
HVNs – 35000 / 35276
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