Nifty Jun F: 15769 [ 15790 / 15701 ]
NF gave a drive down away from yPOC of 15783 negating the extension handle of 15773 after starting with an OH (Open=High) at 15787 and formed the second largest IB (Initial Balance) range of the series of 86 points as it broke below the VPOC of 15704 briefly but could only manage a marginal new low of 15701 leaving a small but important rejection at lows from just above the important reference of 15690. The auction then made a slow probe higher all day even making a marginal new highs of 15790 in the ‘L’ period but once again got rejected back into the IB forming a Gaussian profile and a Normal Day with almost overlapping Value & POC giving a nice 2-day composite at 15735-15782-15788 suggesting that a balance is under way on the larger timeframe.
- The NF Open was a Open Drive – Down (OD)
- The Day type was a Normal Day (Gaussian Profile)
- Largest volume was traded at 15767 F
- Vwap of the session was at 15749 with volumes of 51.3 L and range of 89 points as it made a High-Low of 15790-15701
- NF confirmed a FA at 15502 on 02/06 and tagged the 2 ATR target of 15793 on 07/06. This FA is currently on ‘T+5’ Days.
- The settlement day Roll Over point (June) is 15396
- The VWAP & POC of May Series is 14945 & 15094 respectively.
- The VWAP & POC of Apr Series is 14576 & 14375 respectively.
- The VWAP & POC of Mar Series is 14816 & 14737 respectively.
- Value zones (volume profile) are at 15734-15767-15782
HVNs – 15277 / 15458 / 15578 / 15684
BankNifty Jun F: 35265 [ 35570 / 35123 ]
BNF opened lower and swiped through the 6-day composite Value of 35250-35441-35628 in the ‘A’ period itself and went on to make couple of REs (Range Extension) in the ‘C’ & ‘F’ periods as it made new lows for the day at 35123 but took support in the buying singles of 31st May and gave a bounce back to test the day’s initiative selling tail from 35570 to 35312 as it left a PBH (Pull Back High) at 35380 in the ‘I’ period before settling down to close the day right at the dPOC of 35253 leaving a ‘b’ shape long liquidation profile. Acceptance below today’s POC in the coming session(s) could attract more downside towards the weekly VPOC of 34990 & HVN of 34815 wheres on the upside, the auction would need to sustain above 35380 for a probe towards the higher VPOC of 35649 and could spend the next couple of sessions filling up the low volume zone between these 2 HVNs.
- The BNF Open was a Open Drive – Down (OD)
- The Day type was a Normal Day (‘b’ shape profile)
- Largest volume was traded at 35253 F
- Vwap of the session was at 35284 with volumes of 31.8 L and range of 447 points as it made a High-Low of 35570-35123
- The settlement day Roll Over point (June) is 35380
- The VWAP & POC of May Series is 33568 & 34828 respectively.
- The VWAP & POC of Apr Series is 33260 & 32490 respectively.
- The VWAP & POC of Mar Series is 34618 & 33870 respectively.
- Value zones (volume profile) are at 35188-35253-35319
HVNs – 34778 / 35441 / 35616
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