Nifty Jul F: 15752 [ 15836 / 15706 ]
NF made a big gap down of 166 points and re-visited the FA of 15758 it had left on 13th July and took support there as it made a low of 15743 in the ‘A’ period after which it made a probe higher but could only tag similar highs of 15836 in the IB (Initial Balance) and began to coil in a narrow range of just 25 points from 15810 to 15835 till the ‘F’ period. The auction then made a decisive break of day’s VWAP in the ‘G’ period triggering a RE (Range Extension) to the downside in the ‘H’ as it made new lows for the day at 15725 and went on to extend it further in the ‘K’ period where it tagged the 12th Jul VPOC of 15712 and saw some good profit booking by the shorts resulting in a bounce back to 15765 into the close with the dPOC also shifting lower at 15757 leaving a DD (Double Distriubution) type profile with the HVNs at 15820 & 15757. Value for the day was completely lower so today’s VWAP of 15775 & the upper HVN of 15820 would be the important references on the upside where as the auction would remain weak below 15757 for a further drop to 15680 / 15645 & 15620 in the coming session.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Double Distribution Day – Down (DD)
- Largest volume was traded at 15757 F
- Vwap of the session was at 15775 with volumes of 83.5 L and range of 131 points as it made a High-Low of 15836-15706
- NF confirmed a FA at 15758 on 13/07 and tagged the 1 ATR of 15878 on 14/07. This FA got tagged on 19/07 at ‘T+ 4’ Days.
- 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 15709-15757-15804
HVNs – 15720 / 15817
BankNifty Jul F: 35171 [ 35450 / 34965 ]
BNF also made a huge gap down of 634 points and took support at previous week’s low giving a good bounce from 35150 in the A period as it went on to make a high of 35450 as the IB (Initial Balance) got completed but that was all it could manage on the upside as the auction started an OTF (One Time Frame) lower from the ‘C’ period onwards with the range also slowly expanding resulting in new lows for the day in the ‘G’ period where it hit 35052 and followed it by a lower low of 34965 in the H period as BNF tested the buying singles of 09th July marking the end of the imbalance to the downside visible in the small tail at lows which then led to a retracement to the day’s VWAP into the close. The day’s profile resembles a DD (Double Distribution) with the first part of the day building volumes at 35325 after which it saw the action shifting lower to 35106 which had the highest concentration of the day’s volumes and will be the immediate reference on the downside for the next open staying below which BNF could be headed to the weekly VPOC of 34908 & lower. Today’s VWAP of 35209 would be the level that needs to be taken out for the buyers to have any chance of a comeback to test the supply at 35330 & 35440.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Double Distribution Day – Down (DD)
- Largest volume was traded at 35106 F
- Vwap of the session was at 35209 with volumes of 41.7 L and range of 484 points as it made a High-Low of 35450-34965
- 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 34976-35106-35308
HVNs – 34902 / 35276 / 35742
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