Nifty Jun F: 16219 [ 16321 / 16185 ]
NF signalled a move away from the 3-day balance it was forming with a big gap down open of 191 points and a slow probe lower all day as it left a PBH at 16300 in the D period and made multiple REs (Range Extension) from the E to the K TPOs tagging the 26th May VPOC of 16186 where it took support stalling just above the 2 IB target of 16179 and gave a small bounce to 16249 into the close leaving a well balanced profile for the day with completely lower Value and even saw the dPOC shift down to 16204 which will be the reference for the next open.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Rejection Reverse – Down (ORR)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 16204 F
- Vwap of the session was at 16251 with volumes of 129.5 L and range of 136 points as it made a High-Low of 16321-16185
- 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 16199-16204-16278
HVNs – 16070 / 16309 / 16569** / 16621
(** indicates series POC)
Business Areas for 13th Jun 2022:
Up
16251 – VWAP from 10th Jun
16300 – Selling Singles (10th Jun)
16370 – VPOC from 09th Jun
16424 – Weekly POC
16480 – Selling singles (09th Jun)
16527 – Selling singles (08th Jun)
16581 – VPOC from 06th Jun
16628 – Weekly VPOC
Down
16204 – dPOC from 10th Jun
16140 – Weekly VPOC
16058 – NeuX VWAP (26th May)
16011 – SOC from 26th May
15955 – SOC from 26th May
15900 – Buying singles (26th May)
15844 – Weekly VPOC
15791 – VPOC from 19th 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: 34555 [ 34862 / 34401 ]
BNF not only opened with a 331 point gap down but confirmed an OTD (Open Test Drive) from the yPOC of 34860 as it negated the FA of 34735 & left an initiative selling tail in the IB to make a slow trending move lower for most part of the day taking support after hitting the weekly VPOC of 34432 as it left a small responsive buying tail in the K period to give a close near the dPOC of 34542 leaving a Normal Variation Down profile for the day with completely lower Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Test Drive – Down (OTD)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 34542 F
- Vwap of the session was at 34614 with volumes of 32.9 L and range of 461 points as it made a High-Low of 34862-34401
- BNF confirmed a FA at 34735 on 09/06 which got negated on 10/06. The 1 ATR objective on the downside comes to 34206.
- 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. This FA got tagged on 10/06 & is no longer a valid 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 34443-34542-34673
HVNs – 34710 / 35619** / 35854
(** indicates series POC)
Business Areas for 13th Jun 2022:
Up
34603 – closing PBH (10th Jun)
34718 – Selling Singles (10th Jun)
34860 – VPOC from 09th Jun
34984 – Weekly HVN
35104 – Weekly POC
35250 – Roll Over Point
35415 – HVN from 08th Jun
35555 – Weekly FA
Down
34477 – May monthly POC
34392 – VPOC from 24th May
34251 – VAL from 24th May
34152 – Weekly HVN
34000 – Buying Singles (20th May)
33793 – Mid-point of buying tail
33677 – 2 ATR from 34735
33505 – HVN from 19th 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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