Nifty May F: 16178 [ 16315 / 15993 ]
NF gave yet another OAIR (Open Auction In Range) start right in the middle of the 2-day balance but got rejected right from yesterday’s NeuX VWAP of 16315 in the A period after which it left an extension handle at 16220 in the IB (Initial Balance) along with an initiative selling tail from 16233 to 16315 triggering the start of a fresh imbalance as the auction made new lows for the week with the help of a good C side extension to 16076 and followed it up with another RE from the G period onwards as it broke below the 08th Mar extension handle of 16062 & went on to tag the 2 ATR target of 16004 from the FA of 16495 while making a low of 15993 in the I TPO.
The I period however left a small responsive buying tail at the lows and this led to a short covering rally into the close as NF went on to tag the B period extension handle of 16220 while leaving a PBH at 16227 before closing around the dPOC of 16172 leaving a ‘b’ shape profile for the day with completely lower Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 16172 F
- Vwap of the session was at 16153 with volumes of 147.8 L and range of 332 points as it made a High-Low of 16315-15993
- NF confirmed a FA at 16495 on 06/05 and tagged the 2 ATR objective of 16004 on 11/05.
- NF confirmed a FA at 16980 on 05/05 and tagged the 2 ATR objective of 16513 on 06/05. This FA is currently on ‘T+5’ Days.
- 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 16070-16172-16225
HVNs – 16317** / 16429 / 16984 / 17076
(** indicates series POC)
Business Areas for 12th May 2022:
Up
16233 – Selling Singles (11th May)
16274 – A TPO POC (11th May)
16328 – VPOC from 10th May
16388 – PBH from 10th May
16433 – VPOC from 06th May
16495 – FA from 06th May
Down
16172 – dPOC from 11th May
16090 – SOC from 11th May
16013 – Buying Singles (11th Mar)
15966 – NeuX VWAP (08th Mar)
15924 – HVN from 08th Mar
15888 – Weekly 2 IB target
(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: 34729 [ 34797 / 34172 ]
BNF opened higher and made an attempt to probe above the 3-day composite VAH of 34722 but was swiftly rejected from 34747 as it got back into the composite Value initiating the 80% Rule in the well balanced zone and promptly completed it with a C side extension to 34326 where it left a small tail and started the 80% Rule to the upside but could only leave similar highs of 34580 & 34596 in the E & F periods stalling below the composite POC of 34641 which meant that the downside probe was still not over.
BNF then made a fresh RE to the downside in the H period and followed it up with lower lows of 34172 in the I TPO almost tagging the 2 IB target of 34153 and left a small responsive buying tail and once again got back into the 3-day composite Value whereas this time it not only complete the entire 80% Rule to the VAH but went on to make new highs for the day at 34797 into the close leaving a Neutral Extreme profile.
The auction added to the 3-day balance and has now formed a nice 4-day Gaussian Curve with Value at 34380-34650-34730 and looks set for a move away from there in the coming session provided it gets initiative volumes at the open. (Click here to view the 4-day composite on MPLite).
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction In Range (OAIR)
- The Day type was a Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 34657 F
- Vwap of the session was at 34533 with volumes of 55.4 L and range of 599 points as it made a High-Low of 34817-34218
- BNF confirmed a FA at 34834 on 06/05 and tagged the 1 ATR objective of 34153 on 09/05. The 2 ATR target comes to 33472.
- 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 34412-34657-34750
HVNs – 34629** / 35931 / 36120
(** indicates series POC)
Business Areas for 12th May 2022:
Up
34731 – 4-Day composite VAH
34833 – FA from 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
34650 – 4-day composite POC
34533 – NeuX VWAP (11th May)
34380 – 4-Day composite VAL
34210 – Buying Singles (11th May)
34113 – PBL from 09th May
33957 – Weekly IBL
33786 – LVN 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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