Nifty May F: 14952 [ 14960 / 14744 ]
NF opened above Friday’s IBH of 14749 re-confriming the FA (Failed Auction) at 14620 and gave the expected move away from the 2-day balance from the ‘B’ period onvwards as it tagged the 1 ATR objective of 14806 and went on to form a Trend Day Up and in the process not only tagged the higher VPOC of 14875 but went on to hit 14960 into the close with the dPOC also shifting higher to 14953 which would be the immediate reference for the next open for the auction to continue higher towards the VPOC of 14984 & previous week’s high of 15023. On the downside, the extension handles of 14920 & 14895 will be the immediate references along with today’s VWAP of 14861 and lower HVN of 14840 for the coming session.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction (OA)
- The Day type was a Trend Day – Up (TD)
- Largest volume was traded at 14953 F
- Vwap of the session was at 14861 with volumes of 88 L and range of 216 points as it made a High-Low of 14960-14744
- NF confirmed a FA at 14620 on 14/05 and tagged the 1 ATR objective of 14806 on 17/05. The 2 ATR target comes to 14992.
- The settlement day Roll Over point (May) is 14925
- The VWAP & POC of Apr Series is 14576 & 14375 respectively.
- The VWAP & POC of Mar Series is 14816 & 14737 respectively.
- The VWAP & POC of Feb Series is 14893 & 15115 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 14832-14953-14959
HVNs – 14606 / 14714* / 14896 / 14976
BankNifty May F: 33549 [ 33605 / 32366 ]
BNF opened with a gap up signalling the end of the downside probe of previous week and went on to trend higher from the A period itself as it not only tagged the VPOC of 32706 but left a long buying tail from 32739 to 32366 in the IB and went on to hit the higher VPOC of 32925 also while it made a high of 32980. The auction continued its relentless march higher for the rest of the day as it left multiple extension handles at 32788, 33083 & 33362 and went on to tag the positional supply point of 33599 into the close making new highs for the series at 33605 leaving an elongated Trend Day Up profile of 1239 points. The immediate reference for the next session would be today’s POC of 33545 below which the extension handles would come into play and on the upside, we have the weekly VPOC of 33765 and the PBH of 34059 as the important levels to watch out for.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range + Drive Up (OAIR + D)
- The Day type was a Trend Day – Up (TD)
- Largest volume was traded at 33545 F
- Vwap of the session was at 33087 with volumes of 55.3 L and range of 1239 points as it made a High-Low of 33605-32366
- BNF confirmed a FA at 33599 on 30/04 and tagged the 2 ATR objective of 31825 on 03/05. This FA had become a positional supply point but finally tagged on 17/05 and is no longer a valid reference.
- The settlement day Roll Over point (May) is 33765
- The VWAP & POC of Apr Series is 33260 & 32490 respectively.
- The VWAP & POC of Mar Series is 34618 & 33870 respectively.
- The VWAP & POC of Feb Series is 35530 & 35820 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 32951-33545-33605
HVNs – 32615 / 32927*
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