aNifty Jun F: 15737 [ 15877 / 15666 ]
NF opened lower & made a look down below PDL (Previous Day Low) in the A period as it made new lows for the series at 15666 but was rejected back into previous day’s range & value triggering an OTF (One Time Frame) probe to the upside as it made a successful C side extension entering the previous day’s selling singles as it tagged 15834 & followed it up with another big RE in the D period where it made a high of 15873.
The auction then made marginal new highs of 15877 in the E TPO completing the 1.5 IB objective but stalling just below the Mid-point of yesterday’s IB singles which not only marked the end of the OTF higher but reversed the same to the downside for the rest of the day as NF went on to retrace almost the entire upmove and made a low of 15681 in the K period before closing the day around the dPOC of 15743.
We have a nice 2-day composite with Value at 15708-15780-15804 ( Click here to view the composite on MPLite)and this balance could continue to develop in the coming session before we get a move away from here in the form of a fresh imbalance on Thursday or Friday.
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)
- Largest volume was traded at 15743 F
- Vwap of the session was at 15767 with volumes of 120.9 L and range of 211 points as it made a High-Low of 15877-15666
- 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 15694-15743-15802
HVNs – 16070 / 16309 / 16566** / 16621
(** indicates series POC)
Business Areas for 15th Jun 2022:
Up
15743 – dPOC from 14th Jun
15780 – 2-day composite POC
15817 – PBH from 14th Jun
15844 – SOC from 14th Jun
15885 – Mid-point of IB singles
15948 – Weekly IBH
16020 – Singles mid-point
Down
15708 – 2-day composite VAL
15681 – Buying singles (14th Jun)
15640 – VPOC from 28th Jul 2021
15582 – 1 ATR from 15788
15540 – 1.5 Weekly IB
15508 – Monthly ATR objective
15465 – Daily Swing Low (18th Jun 2021)
(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: 33377 [ 33701 / 33185 ]
BNF also opened slightly lower & similar to NF, probed below PDL to make new lows for the series at 33185 but was swiftly rejected and a combination of fresh demand plus covering of later sellers led to a big move higher in the first couple of hours as the auction left an initiative buyuing tail in the IB & went on to make multiple REs till the E period and scaled into more than half of previous day’s IB singles while making a high of 33701.
The F TPO however signalled the end of the OTF to the upside and G period took BNF back into previous Value triggering the 80% Rule which it promptly completing in the H and even made the reverse 80% play out but left a PBH at 33530 in the I TPO signalling that the PLR (Path of Least Resistance) was still to the downside after which it got into the morning singles and left a PBL at 33213 before closing the day just below the dPOC of 33400.
As in NF, we have a 2-day balance in BNF also with Value at 33269-33365-33473 (Click here to view the composite on MPLite) and can expect this to continue in the coming session(s) unless we get an initiative move away from here on big volumes which will signal the start of a fresh imbalance.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction (OA)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 33400 F
- Vwap of the session was at 33410 with volumes of 40.9 L and range of 516 points as it made a High-Low of 33701-33185
- BNF confirmed a FA at 34735 on 09/06 which got negated on 10/06 and tagged the 2 ATR objective of 33677 on the downside on 13/06.
- 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.
- 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 33250-33400-33493
HVNs – 34710 / 35628** / 35854
(** indicates series POC)
Business Areas for 15th Jun 2022:
Up
33400 – dPOC from 14th Jun
33530 – PBH from 14th Jun
33678 – Selling singles (14th Jun)
33888 – Weekly IBH
34000 – Buying Singles (20th May)
34152 – Weekly HVN
Down
33375 – HVN from 13th Jun
33234 – Weekly IBL
33103 – Daily Swing Low (16th May)
32907 – 1.5 Weekly IB
32734 – Previous Week Range target
32579 – Weekly 2 IB objective
(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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