Nifty Jul F: 15937 [ 15967 / 15866 ]
NF opened at yesterday’s higher HVN of 15870 and moved away from the 17-day balance of 15753-15827-15900 first with the help of a small buying tail in the IB (Initial Balance) and then with a C side extension handle at 15908 as it finally tagged the VPOC of 15932 & the FA of 15948 (15th June) & went on to make new highs for the series at 15957 in the ‘D’ period. The auction then failed to find new demand at these new highs but neither was there any aggressive supply and this led to a narrow range balance being formed for the rest of the day though did form a marginal new high of 15967 in the ‘K’ period which was swiftly rejected and ended up building a prominent POC at 15937 with a close right there. Value for the day was completely higher and would need a move away on initiative volumes to confirm more upside in the coming sessions where as today’s extension handle of 15908 will need to be defended below which NF could get back into the bracket once again.
Click here to view the latest profile in NF on MPLite
Click here to view NF move away from the 17-day composite in NF on MPLite
- The NF Open was a Open Auction (OAIR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 15937 F
- Vwap of the session was at 15932 with volumes of 48.4 L and range of 101 points as it made a High-Low of 15967-15866
- NF confirmed a FA at 15758 on 13/07 and tagged the 1 ATR of 15878 on 14/07. The 2 ATR target comes to 15998.
- The settlement day Roll Over point (July) is 15840
- The VWAP & POC of Jun Series is 15721 & 15721 respectively.
- The VWAP & POC of May Series is 14945 & 15094 respectively.
- The VWAP & POC of Apr Series is 14576 & 14375 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 15926-15937-15960
HVNs – 15720 / 15817
BankNifty Jul F: 35755 [ 35885 / 35555 ]
BNF also signalled a move away from the 2-day composite POC of 35767 as it left buying singles in the IB (Initial Balance) from 35816 to 35718 and similar to NF, made a big RE (Range Extension) to the upside in the ‘C’ period where it made new highs for the series at 36013 and followed it up with higher highs in the next 2 periods as it hit 36068 and in the process completed the 2 IB objective for the day which also signalled the end of the OTF (One Time Frame) probe for the day. The auction then formed a balance for the rest of the day staying above the extension handle of 35875 and building a prominent POC at 36005 leaving a ‘p’ shape profile for the day with completely higher Value but will need fresh demand above 36000 for further upside in the coming session(s).
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 36005 F
- Vwap of the session was at 35952 with volumes of 25.7 L and range of 350 points as it made a High-Low of 36068-35718
- The settlement day Roll Over point (July) is 35000
- The VWAP & POC of Jun Series is 35012 & 35070 respectively.
- The VWAP & POC of May Series is 33568 & 34828 respectively.
- The VWAP & POC of Apr Series is 33260 & 32490 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 35928-36005-36041
HVNs – 34902 / 35276 / 35742
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