Nifty May F: 16419 [ 16495 / 16346 ]
NF opened with a big gap down of 243 points giving a follow up to the previos NeuX profile as it completing the daily 2 ATR target of 16513 from 16980 along with the weekly 1 ATR objective of 16452 from 17137 & left another daily FA at 16494 forming a nice Gaussian Profile & a Neutral Centre Day looking set to start a new imbalance in the coming session(s).
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 Centre Day (NeuC)
- Largest volume was traded at 16433 F
- Vwap of the session was at 16416 with volumes of 135.9 L and range of 148 points as it made a High-Low of 16495-16346
- NF confirmed a FA at 16980 on 05/05 and tagged the 2 ATR objective of 16513 on 06/05.
- NF has left a probable FA at 16495 on 06/05 and the 1 ATR objective comes to 16249.
- The settlement day Roll Over point (May 2022) is 17265
- The VWAP & POC of Apr 2022 Series is 17430 & 17145 respectively.
- The VWAP & POC of Mar 2022 Series is 16753 & 17255 respectively.
- The VWAP & POC of Feb 2022 Series is 17183 & 17409 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 16769-16862-16964
HVNs – 16432** / 16984 / 17076
(** indicates series POC)
Business Areas for 09th May 2022:
Up
16433 – dPOC from 06th May
16495 – FA from 06th May
16573 – Gap Mid-point
16643 – Daily Extension Handle
16704 – HVN from 05th May
16762 – Extension Handle (05th May)
Down
16416 – VWAP from 06th May
16375 – PBL from 06th May
16336 – VWAP from 09th Mar
16279 – Extension Handle (09th Mar)
16210 – HVN from 09th Mar
16175 – PBL from 09th Mar
16118 – Daily Extension Handle
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty May F: 34632 [ 34834 / 34383 ]
BNF opened with a huge 602 point gap down and went on to almost complete the 1 ATR target of 34485 from the weekly FA of 36340 as it made a low of 34490 in the IB after which it made the dreaded C side extension to 34405 and settled down into a balance remaining in a narrow range of just 451 points all day leaving a Neutral Centre profile with a close around the prominent POC of 34645 indicating that it could move away from here starting a fresh imbalance in the next session.
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 Centre Day (NeuC)
- Largest volume was traded at 34645 F
- Vwap of the session was at 34595 with volumes of 50.6 L and range of 451 points as it made a High-Low of 34834-34383
- BNF has left a probable FA at 34834 on 06/05 and the 1 ATR objective comes to 34153.
- The settlement day Roll Over point (May 2022) is 36515
- The VWAP & POC of Apr 2022 Series is 37090 & 36386 respectively.
- The VWAP & POC of Mar 2022 Series is 34992 & 35648 respectively.
- The VWAP & POC of Feb 2022 Series is 37712 & 37712 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 34511-34645-34730
HVNs – 35944** / 36120
(** indicates series POC)
Business Areas for 09th May 2022:
Up
34645 – dPOC from 06th May
34814 – Selling singles (06th May)
35032 – Singles mid-point
35162 – Weekly mid-profile singles
35290 – HVN from 05th May
35460 – Extension Handle (05th May)
35568 – Extension Handle (05th May)
Down
34595 – VWAP from 06th May
34471 – PBL from 06th May
34334 – Monthly 1.5 IB target
34153 – 1 ATR from 34834
34015 – Extension Handle (09th Mar)
33920 – Extension Handle (09th Mar)
33658 – PBL from 09th Mar
(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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