Nifty Jun F: 16581 [ 16621 / 16460 ]
NF continued last Friday’s Trend Day imbalance to the downside with a probe to 16460 in the A period where it took support in the buying singles of 01st Jun and left another small initiative tail in the IB indicating demand coming back in this zone.
The auction then remained in the IB range of 16594 to 16460 for most part of the day forming a balance and made a couple of late RE (Range Extension) attempts in the I & J periods but could only manage 16621 as it stalled just below the weekly POC of 16628 & the extension handle of 16631 and made a close right at the dPOC of 16581 leaving a Normal Day with completely lower Value.
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 Normal Day
- Largest volume was traded at 16581 F
- Vwap of the session was at 16548 with volumes of 90.3 L and range of 162 points as it made a High-Low of 16621-16460
- 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 16518-16581-16615
HVNs – 16070 / 16309 / 16573** / 16621
(** indicates series POC)
Business Areas for 07th Jun 2022:
Up
16582 – dPOC from 06th Jun
16631 – Extension Handle (03rd Jun)
16668 – Weekly VAH
16701 – VWAP from 03rd Jun
16760 – dPOC from 03rd Jun
16838 – NeuX VWAP (05th May)
Down
16561 – PBL from 06th Jun
16514 – SOC from 06th Jun
16460 – Weekly IBL
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: 35399 [ 35527 / 35141 ]
BNF also opened lower but took support in the NeuX (Neutral Extreme) zone of 35111 to 35278 from 26th May as it left a small buying tail in the IB and formed a Normal Day with a well balanced profile and got rejected in the late attempt it made to enter the 6-day composite in the L period where it left a small selling tail to give a close right at the prominent dPOC of 35397.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction (OA)
- The Day type was a Normal Day (Gaussian Profile)
- Largest volume was traded at 35397 F
- Vwap of the session was at 35366 with volumes of 33.2 L and range of 386 points as it made a High-Low of 35527-35141
- 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 35326-35397-35479
HVNs – 34710 / 35645** / 35854
(** indicates series POC)
Business Areas for 07th Jun 2022:
Up
35415 – LTP
35512 – 6-day composite VAL
35638 – 6-day composite POC
35739 – LVN from 03rd Jun
35848 – 6-day composite VAH
35964 – IB singles mid-point
36132 – FA from 30th May
Down
35397 – dPOC from 06th Jun
35307 – PBL from 06th Jun
35171 – Buying singles (06th Jun)
34985 – Extension Handle (26th May)
34853 – NeuX VWAP from 26th May
34710 – HVN from 26th May
34632 – Previous Week Range
(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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