Nifty Jul F: 15886 [ 15900 / 15788 ]
NF opened lower and took support in the buying tail of 15815 to 15741 as it made a low of 15788 and got back into previous day’s range confirming an ORR (Open Rejection Reverse) start leaving a fresh buying tail in the IB (Initial Balance) which meant that the PLR (Path of Least Resistance) for the day was to the upside. The auction then made a slow probe higher all day culminating in a mini spike as it tested yesterday’s SOC (Scene of Crime) at 15893 forming a 3-day composite with Value at 15816-15841-15879 which will be the reference for the coming session(s).
- The NF Open was a Open Rejection Reverse – Up (ORR) on lower volumes
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 15843 F
- Vwap of the session was at 15845 with volumes of 47.7 L and range of 112 points as it made a High-Low of 15900-15788
- 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.
- Value zones (volume profile) are at 15809-15843-15868
HVNs – 15817
BankNifty Jul F: 35865 [ 35899 / 35523 ]
BNF also opened lower but took support in the previous day’s buying singles of 35523 to 35274 and filled up the low volume zone between 35750 to 35590 in the first half of the day after which it made multiple REs (Range Extension) to the upside in the second half forming yet another ‘p’ shape profile for the day with both the range & value being inside. The 2-day composite ‘p’ has Value at 35609-35742-35843 and would be the reference for the coming session with a chance to move away from here on initiative volumes.
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up (Inside Day)
- Largest volume was traded at 35791 F
- Vwap of the session was at 35757 with volumes of 24.8 L and range of 376 points as it made a High-Low of 35899-35523
- 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.
- Value zones (volume profile) are at 35677-35791-35842
HVNs – 35000 / 35276
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