Nifty Jun F: 16475 [ 16496 / 16268 ]
NF continued previous day’s closing imbalance with a gap down open where it took support at the May series VWAP of 16270 while making a low of 16268 and left an initiative buying tail to get back into previous day’s range after which it made couple of REs (Range Extension) to the upside in the C & D periods triggering the 80% Rule in the 2-day composite Value of 16362-16422-16450 which it completed in the K period with the help of an extension handle right at the 2-day POC of 16422 & went on to spike into the close to 16496 stalling just below the 3 IB objective of the day at 16509 which was also the PBH from yesterday’s profile and would need to be taken out for the upside imbalance to continue with the Spike Rule in play being in play for the next open.
We now have a nice 3-day composite in NF with Value at 16356-16400-16460 & the MPLite chart of the same can be viewed here
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction (OA)
- The Day type was a Normal Variation Day – Up (NV with a Spike close)
- Largest volume was traded at 16370 F
- Vwap of the session was at 16393 with volumes of 121.5 L and range of 228 points as it made a High-Low of 16496-16268
- 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 16277-16370-16432
HVNs – 16070 / 16309 / 16573** / 16621
(** indicates series POC)
Business Areas for 10th Jun 2022:
Up
16480 – Selling singles (09th Jun)
16527 – Selling singles (08th Jun)
16581 – VPOC from 06th Jun
16631 – Extension Handle (03rd Jun)
16668 – Weekly VAH
16701 – VWAP from 03rd Jun
16760 – VPOC from 03rd Jun
Down
16460 – Spike Low from 09th Jun
16422 – Extension Handle (09th Jun)
16370 – dPOC from 09th Jun
16323 – PBL from 09th Jun
16287 – IB singles mid-point
16255 – PBL from 27th May
16186 – VPOC from 26th 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: 35131 [ 35196 / 34735 ]
BNF opened with a gap down of 200 points but settled down into an OAOR (Open Auction Out of Range) stalling right below PDL of 34891 forming a very narrow IB range of just 120 points as it made a low of 34770. The auction then made the dreaded C side extension lower to 34735 but was swiftly rejected resulting in a FA (Failed Auction) being confirmed at the lows changing the PLR (Path of Least Resistance) to the upside.
The auction then made a fresh RE in the G TPO where it tagged the yPOC of 35018 but could not sustain which triggered a liquidation move below the day’s VWAP resulting in a PBL at 34813 & this defense of IBL meant that the morning FA was still in play. BNF however remained in the H period range forming a balanced profile for the day till the K period but made a spike higher into the close leaving a Neutral Exteme Day Up as it tagged the yVWAP of 35185 while making a high of 35196.
Like in NF, BNF also has formed a nice 3-day composite with Value at 34879-35104-35176 & the MPLite chart of the same can be viewed here.
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 Extreme Day – Up (NeuX)
- Largest volume was traded at 34860 F
- Vwap of the session was at 34934 with volumes of 34.7 L and range of 461 points as it made a High-Low of 35196-34735
- BNF confirmed a FA at 34735 on 09/06 and the 1 ATR objective comes to 35264.
- BNF has confirmed a FA at 36132 on 30/05 and tagged the 2 ATR objective of 34793 on 09/06. This FA has not been tagged and is now a positional reference.
- 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 34802-34860-35006
HVNs – 34710 / 35631** / 35854
(** indicates series POC)
Business Areas for 10th Jun 2022:
Up
35149 – Selling singles (09th Jun)
35264 – 1 ATR from FA of 34735
35415 – HVN from 08th Jun
35555 – Daily Swing High
35656 – 2-day composite VPOC
35802 – HVN from 03rd Jun
35964 – IB singles mid-point
36132 – FA from 30th May
Down
35126 – Mid-profile singles (09th Jun)
35020 – Extension Handle (09th Jun)
34934 – NeuX VWAP from 09th Jun
34813 – PBL from 09th Jun
34735 – FA from 09th Jun
34547 – VPOC from 26th May
34432 – Weekly VPOC
34200 – Buying singles (24th May)
(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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