Nifty Jul F: 16300 [ 16313 / 16170 ]
NF gave a rare follow up to a NeuX profile with a gap up open of 131 points as it remained above the unvisited extension handle & VWAP of 16166 from 11th Jul and left an initiative buying tail from 16178 to 16068 & made a slow probe to the upside for most part of the day after building volumes at 16191 as it went on to make new highs for the July series at 16266 in the K period before spiking higher into the close from 16272 to 16311 which will be the reference zone for the next open.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Up (NV with a Spike Close)
- Largest volume was traded at 16191 F
- Vwap of the session was at 16233 with volumes of 81 L and range of 143 points as it made a High-Low of 16313-16170
- NF confirmed a FA at 15651 on 04/07 and tagged the 2 ATR objective of 16092 on 07/07. This FA has not been tagged and is now a positional reference.
- NF confirmed a FA at 15514 on 01/07 and tagged the 2 ATR objective of 15935 on 05/07. This FA has not been tagged and is now a positional reference.
- The settlement day Roll Over point (Jul 2022) is 15720
- The VWAP & POC of Jun 2022 Series is 15895 & 15793 respectively.
- The VWAP & POC of May 2022 Series is 16270 & 16340 respectively.
- The VWAP & POC of Apr 2022 Series is 17430 & 17145 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 16177-16191-16253
HVNs – 15670 / 15838 / 16114**
(** indicates series POC)
Business Areas for 19th Jul 2022:
Up
16325 – Selling Singles (10th Jun)
16398 – Selling Tail Top
16439 – Extension Handle (09th Jun)
16465 – Mid-profile singles (09th Jun)
16508 – VPOC from 09th Jun
16545 – Selling singles (08th Jun)
Down
16285 – Mid-profile singles (18th Jul)
16233 – VWAP from 18th Jul
16178 – Buying Singles (18th Jul)
16134 – Gap Mid-point (18th Jul)
16089 – Weekly NeuX VWAP
16048 – Extension Handle (15th Jul)
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Jul F: 35428 [ 35466 / 34887 ]
BNF opened with a gap up of 236 points but stalled just below the 13th Jul VWAP of 35061 as it made a high of 35020 and probed lower making the dreaded C side extension to 34887 which was swiftly rejected resulting in a FA being confirmed after which the auction trended higher for the rest of the day leaving couple of extension handles at 35080 & 35239 along with an important PBL at previous week’s VWAP of 35149 and not only completed the 1 ATR objective of 35326 but also tagged the 12th Jul VPOC of 35425 almost re-visiting that day’s FA of 35471 as it made a high of 35466 and saw the dPOC shift higher to 35430 into the close as it left a Neutral Extreme Day Up. Today’s NeuX zone of 35360 to 35466 would be the reference for the next open with the VWAP of 35170 being an important support level for the rest of the week.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction (OA)
- The Day type was a Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 35430 F
- Vwap of the session was at 35170 with volumes of 31.9 L and range of 579 points as it made a High-Low of 35466-34887
- BNF confirmed a FA at 34887 on 18/07 and tagged the 1 ATR objective of 35326 on the same day. The 2 ATR target comes to 35764.
- BNF confirmed a FA at 35471 on 12/07 and almost tagged the 2 ATR objective of 34524 on 15/07. This FA is currently on ‘T+5’ Days.
- The settlement day Roll Over point (Jul 2022) is 33380
- The VWAP & POC of Jun 2022 Series is 33969 & 33498 respectively.
- The VWAP & POC of May 2022 Series is 34570 & 34477 respectively.
- The VWAP & POC of Apr 2022 Series is 37090 & 36386 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 35017-35430-35466
HVNs – 33179 / 33833 / 34307 / 34727 / 35147**
(** indicates series POC)
Business Areas for 19th Jul 2022:
Up
35430 – dPOC from 18th Jul
35566 – HVN from 11th Jul
35668 – Monthly 2 IB target
35764 – 2 ATR objective from 34887
35900 – VPOC from 03rd Jun
36044 – NeuX VWAP from 30th May
Down
35380 – Mid-profile singles (18th Jul)
35239 – Extension Handle (18th Jul)
35080 – Extension Handle (18th Jul)
34986 – SOC from 18th Jul
34887 – FA from 18th Jul
34767 – HVN from 15th Jul
(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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