Nifty May F: 15769 [ 15981 / 15740 ]
NF opened with a huge 245 point gap down making an OH (Open=High) start at 15981 just below the 17th May Trend Day extension handle of 15985 and left an initiative selling tail in the IB (Initial Balance) to get back into the 3-day composite balance from 12th to 16th May and completed the 80% Rule in the value while forming a slowish Trend Day Down and went on to make new lows for the week at 15740 in the L period before giving a small bounce into the close to 15798 which saw the dPOC also shifting lower to 15785 which will be the reference for the next open along with today’s VWAP of 15844.
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 Trend Day – Down (TD)
- Largest volume was traded at 15784 F
- Vwap of the session was at 15844 with volumes of 127.1 L and range of 241 points as it made a High-Low of 15981-15740
- NF confirmed a FA at 16495 on 06/05 and tagged the 2 ATR objective of 16004 on 11/05. This FA has not been tagged & is now a positional reference.
- NF confirmed a FA at 16980 on 05/05 and tagged the 2 ATR objective of 16513 on 06/05. This FA has not been tagged & is now a positional reference.
- The settlement day Roll Over point (May 2022) is 17265
- The VWAP & POC of Apr 2022 Series is 17430 & 17145 respectively.
- The VWAP & POC of Mar 2022 Series is 16753 & 17255 respectively.
- The VWAP & POC of Feb 2022 Series is 17183 & 17409 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 15740-15784-15819
HVNs – 15853 / 16321** / 16429 / 16984 / 17076
(** indicates series POC)
Business Areas for 20th May 2022:
Up
15784 – dPOC from 19th May
15844 – Trend Day VWAP (19th May)
15908 – HVN from 19th May
15941 – Selling Singles (19th May)
15985 – Negated Extension Handle
16055 – Mid-profile singles
16120 – VPOC from 17th May
Down
15752 – Weekly IBL
15687 – 2 ATR from VPOC of 16233
15638 – Weekly 1.5 IB target
15583 – 1 ATR from 15829
15524 – Weekly 2IB target
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 May F: 33274 [ 33600 / 33160 ]
BNF also opened lower by 2% with a 630 point gap down negating the 17th May Trend Day’s Buying Singles from 33733 to 33670 and formed a very narrow 245 point range IB and remained in the same till the E period forming a balance after which it made multiple REs to the downside from the F TPO but could only complete the 1.5 IB objective of 33233 as it made a low of 33160 taking support in the 16th May Buying Singles before closing the day at 33274 leaving a Normal Variation Day Down with completely lower Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 33411 F
- Vwap of the session was at 33370 with volumes of 38.1 L and range of 440 points as it made a High-Low of 33600-33160
- BNF confirmed a multi-day FA at 34797 on 12/05 and tagged the 2 ATR objective of 33527 on the same day. This FA has not been tagged & is now a positional reference.
- BNF confirmed a FA at 34834 on 06/05 and tagged the 2 ATR objective of 33472 on 12/05. This FA has not been tagged & is now a positional reference.
- The settlement day Roll Over point (May 2022) is 36515
- The VWAP & POC of Apr 2022 Series is 37090 & 36386 respectively.
- The VWAP & POC of Mar 2022 Series is 34992 & 35648 respectively.
- The VWAP & POC of Feb 2022 Series is 37712 & 37712 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 33220-33411-33450
HVNs – 34643** / 35931 / 36120
(** indicates series POC)
Business Areas for 20th May 2022:
Up
33317 – Closing PBH (19th May)
33411 – dPOC from 19th May
33589 – Selling Singles (19th May)
33733 – Buying Singles (17th May)
33864 – Selling singles mid-point
34002 – PBL from 17th May
34143 – VPOC from 18th May
34261 – PBH from 18th May
Down
33268 – HVN from 19th May
33168 – Buying singles (19th May)
33005 – Weekly IBL
32914 – NeuX VWAP from 08th Mar
32775 – SOC from 08th Mar
32596 – 1.5 Weekly IB target
32484 – Daily Swing Low (08th Mar)
32313 – VPOC from 14th May 2021
(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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