aNifty Jun F: 15708 [ 15799 / 15691 ]
NF opened right at the yPOC of 15740 and as expected continued to build on the 2-day balance staying inside the composite Value for most part of the day forming the third most narrow range of this year of just 108 points with failed attempts to extend the range on both sides of the Initial Balance leaving a probable multi-day FA at 15799 or 15691. The 3-day composite with Value at 15708-15744-15792 looks like the end of the balance & could trigger a fresh imbalance at the next open backed by initiative volumes.
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 Neutral Day (NeuD – Inside Bar)
- Largest volume was traded at 15734 F
- Vwap of the session was at 15742 with volumes of 84.3 L and range of 108 points as it made a High-Low of 15799-15691
- 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 15707-15734-15763
HVNs – 15740 / 16070 / 16309 / 16566** / 16621
(** indicates series POC)
Business Areas for 16th Jun 2022:
Up
15708 – 3-day comp VAL
15744 – 3-day comp VAL
15792 – 3-day comp VAH
15817 – PBH from 14th Jun
15844 – SOC from 14th Jun
15885 – Mid-point of IB singles
15948 – Weekly IBH
16005 – 1 ATR from 15799
Down
15701 – IBL from 15th Jun
15676 – Weekly IBL
15640 – VPOC from 28th Jul 2021
15593 – 1 ATR from 15799
15540 – 1.5 Weekly IB
15508 – Monthly ATR objective
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 Jun F: 33398 [ 33586 / 33301 ]
BNF also continued to build in the 2-day balance it has been forming leaving the second most narrow range of the year 2022 of just 285 points leaving a nice Gaussian profile plus and Inside Day with a high of 33586 & a low of 33301. The 3-day composite has an ultra prominent TPO POC at 33400 where the auction has closed today and looks set to give a move away from this Value of 33293-33455-33491 in the coming session(s).
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction In Range (OA)
- The Day type was a Normal Day (Inside Bar)
- Largest volume was traded at 33422 F
- Vwap of the session was at 33444 with volumes of 28.4 L and range of 285 points as it made a High-Low of 33586-33301
- 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 33360-33422-33487
HVNs – 33400 / 34710 / 35628** / 35854
(** indicates series POC)
Business Areas for 16th Jun 2022:
Up
33455 – 3-day comp POC
33580 – PBH from 15th Jun
33678 – Selling singles (14th Jun)
33888 – Weekly IBH
34000 – Buying Singles (20th May)
34152 – Weekly HVN
34309 – HVN from 24th May
34401 – Daily Extension Handle
Down
33400 – 3-day comp TPO POC
33293 – 3-day comp VAL
33103 – Daily Swing Low (16th May)
33000 – Extension Handle (08th Mar)
32907 – 1.5 Weekly IB
32686 – VPOC from 08th Mar
32508 – LVN from 08th Mar
32375 – HVN from 08th 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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