Nifty Jun F: 15319 [ 15427 / 15211 ]
NF continued the Trend Day imbalance at open as it made new lows of 15211 in the A period but gave a swift bounce back upto 15427 in the B forming a relatively large IB range of 216 points and remained the entire day inside this forming an ideal Gaussian Curve with a prominent POC at 15307 signalling that the imbalance has turned to a balance.
The day’s Normal Day profile has small singles at both ends with completely lower Value so will need a move away on good volumes from today’s POC to be able to negate one of the tails & eventually give a bigger move in that direction.
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 Day (Gaussian Profile)
- Largest volume was traded at 15307 F
- Vwap of the session was at 15311 with volumes of 176.5 L and range of 216 points as it made a High-Low of 15427-15211
- 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 15263-15307-15350
HVNs – 15740 / 16070 / 16309 / 16566** / 16621
(** indicates series POC)
Business Areas for 20th Jun 2022:
Up
15350 – VAH from 17th Jun
15400 – Selling Singles (17th Jun)
15432 – HVN from 16th Jun
15491 – Mid-profile singles (16th Jun)
15552 – Trend Day VWAP (16th Jun)
15628 – Mid-profile singles (16th Jun)
Down
15307 – dPOC from 17th Jun
15263 – VAL from 17th Jun
15208 – Buying Singles (26th May 2021)
15164 – Buying Singles (25th May 2021)
15125 – VPOC from 21st May 2021
15076 – PBL from 21st May
15007 – VPOC from 20th 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: 32789 [ 32947 / 32335 ]
BNF also opened lower and made new lows of the series at 32335 while it remained below the PDL (Previous Day Low) for most part of the A period before making a late probe back into previous day’d range in the closing minutes as it went on to tag the HVN of 32841 but could only make marginal new high of 32897 in the B period leaving a big IB range of 563 points.
The auction then remained in a narrow range for the rest of the day leaving a buying tail from 32545 to 32335 forming a ‘p’ shape profile before it made an attempt to spike higher into the close as it made new highs of 32942 in the L TPO but was swiftly rejected from the test of the extension handle of 32934 and gave a close just above the prominent dPOC of 32741 forming a Normal Day with completely lower Value.
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 Day (‘p’ shape profile)
- Largest volume was traded at 32707 F
- Vwap of the session was at 32741 with volumes of 44.4 L and range of 607 points as it made a High-Low of 32942-32335
- 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 32640-32741-32875
HVNs – 33400 / 34710 / 35628** / 35854
(** indicates series POC)
Business Areas for 20th Jun 2022:
Up
32800 – M TPO VWAP
32934 – Extension Handle (16th Jun)
33006 – Mid-profile singles
33159 – VWAP from 16th Jun
33255 – PBH from 16th Jun
33427 – Extension Handle
33542 – Mid-profile singles
Down
32741 – dPOC from 17th Jun
32640 – VAL from 17th Jun
32545 – Buying Singles (17th Jun)
32375 – HVN from 08th Mar
32258 – Weekly ATR target
32134 – Daily Swing Low (05 May 2021)
32027 – 2 ATR from weekly FA of 35555
(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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