Nifty May F: 15786 [ 16091 / 15744 ]
NF opened with a gap up of 160 points and got accepted in previous day’s Selling Singles in the A period but probed lower in the B and left a typical C side extension down which was swiftly rejected resulting in a FA (Failed Auction) being confirmed 15890 as the auction made a trending move higher till it formed similar highs of 16086 & 16091 in the H & I periods indicating exhaustion on the upside as the sellers came back aggressively to trigger a massive liquidation drop as NF left couple of extensions handles at 15890 & 15826 and went on to make a low of 15744 leaving a Neutral Extreme Day Down.
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 Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 15977 F
- Vwap of the session was at 15942 with volumes of 160.7 L and range of 347 points as it made a High-Low of 16091-15744
- NF confirmed a FA at 16495 on 06/05 and tagged the 2 ATR objective of 16004 on 11/05. This FA is currently on ‘T+6’ Days.
- NF confirmed a FA at 16980 on 05/05 and tagged the 2 ATR objective of 16513 on 06/05. This FA has not been tagged & is now a positional reference.
- 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 15885-15977-16069
HVNs – 16321** / 16429 / 16984 / 17076
(** indicates series POC)
Business Areas for 16th May 2022:
Up
15827 – Extension Handle (13th May)
15890 – Extension Handle (13th May)
15942 – NeuX VWAP from 13th May
16000 – SOC from 13th May
16097 – NeuX weekly VWAP
16172 – VPOC from 11th May
Down
15756 – Buying singles (13th May)
15692 – 2 ATR from VPOC of 16172
15623 – Weekly 3 IB target
15583 – 1 ATR from 15829
15510 – Daily Swing Low (28th Jul 2021)
15465 – Daily Swing Low (18th Jun 2021)
15410 – Daily Swing Low (31st May 2021)
(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: 33136 [ 34023 / 33025 ]
BNF opened higher by almost 400 points but got rejected from the yPOC of 33998 in the A period after making a high of 34012 as it reversed the probe to the downside and went on to make a low of 33601 in the dreaded C side extension as it made a rotation back to the yPOC of 33998 & even made marginal new highs for the day at 34023 in the I TPO but once again saw swift rejection resulting in a big liquidation move of almost 700 points into the close as the auction not only confirmed a FA at the top but completed the 1 ATR objective of 33345 while making a low of 33025 leaving a Neutral Extreme Day Down.
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 Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 33888 F
- Vwap of the session was at 33641 with volumes of 51.7 L and range of 998 points as it made a High-Low of 34023-33025
- BNF confirmed a FA at 34023 on 13/05 and tagged the 1 ATR objective of 33345 on the same day. The 2 ATR target comes to 32666.
- BNF confirmed a multi-day FA at 34797 on 12/05 and tagged the 2 ATR objective of 33527 on the same day.
- BNF confirmed a FA at 34834 on 06/05 and tagged the 2 ATR objective of 33472 on 12/05. This FA is currently on ‘T+6’ Days.
- 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 33438-33888-34022
HVNs – 34621** / 35931 / 36120
(** indicates series POC)
Business Areas for 16th May 2022:
Up
33144 – closing HVN (13th May)
33339 – Mid-profile singles (13th May)
33538 – Extension Handle
33641 – NeuX VWAP (13th May)
33751 – SOC from 13th May
33888 – dPOC from 13th May
34023 – FA from 13th May
34146 – NeuX weekly VWAP
Down
33070 – Buying singles (13th May)
32914 – NeuX VWAP from 08th Mar
32775 – SOC from 08th Mar
32666 – 2 ATR from FA of 34023
32502 – Buying singles (08th Mar)
32244 – 2 ATR from 33601 (negated FA)
32134 – Daily Swing Low (5th May 2021)
(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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