Nifty Jul F: 16519 [ 16577 / 16492 ]
NF opened with a big gap up of 174 points and sustained below the weekly VPOC of 16508 but confirmed an OAOR (Open Auction Out of Range) forming just a 47 point range IB & remained in a narrow range of just 86 points all day forming a Neutral Profile as it first made multiple REs to the upside but could only manage to tag 16577 and saw some long liquidation into the close where it made new lows for the day at 16492 leaving a nice Gaussian Curve.
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 Neutral Day (NeuD) – Gaussian Curve
- Largest volume was traded at 16525 F
- Vwap of the session was at 16533 with volumes of 108.8 L and range of 86 points as it made a High-Low of 16577-16492
- 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 16513-16525-16550
HVNs – 15670 / 15838 / 16114**
(** indicates series POC)
Business Areas for 21st Jul 2022:
Up
16533 – VWAP from 20th Jul
16598 – VPOC from 06th Jun
16651 – Extension Handle (03rd Jun)
16697 – 1 ATR from 16525
16723 – VWAP from 03rd Jun
16763 – VPOC from 03rd Jun
Down
16508 – Weekly VPOC
16434 – Gap Mid-point
16398 – Selling Tail Top (10th Jun)
16357 – VPOC from 19th Jul
16300 – VWAP from 19th Jul
16257 – Buying Singles (19th 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: 35966 [ 36230 / 35900 ]
BNF also opened higher just above the 30th May NeuX VWAP of 36044 & even tagged that day’s FA of 36189 while making a high of 36195 in the IB after which it made an attempt to extend higher in the D period where it hit 36230 but could not sustain in this positional supply zone as it got back into the IB & left an important PBH in the G TPO at 36190 which confirmed that the upside was the day was limited.
The auction then probed lower for the rest of the day & even made a RE to the downside into the close confirming a fresh FA at day’s high but will need to remain below 35950 in the coming session for it to remain active and continue the probe down towards the yPOC of 35743.
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 Neutral Day (NeuD)
- Largest volume was traded at 36050 F
- Vwap of the session was at 36069 with volumes of 35 L and range of 330 points as it made a High-Low of 36230-35900
- BNF confirmed a FA at 34887 on 18/07 and tagged the 2 ATR objective of 35764 on 19/07.
- BNF confirmed a FA at 35471 on 12/07 and almost tagged the 2 ATR objective of 34524 on 15/07. This FA got re-visited on 19/07 which was the ‘T+5’th Day.
- 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 35963-36050-36135
HVNs – 34307 / 34692 / 34902 / 35147**
(** indicates series POC)
Business Areas for 21st Jul 2022:
Up
35973 – Closing HVN (20th Jul)
36069 – VWAP from 20th Jul
36190 – PBH from 20th Jul
36270 – SOC from 04th May
36395 – PBH from 04th May
36482 – Selling Singles (04th May)
Down
35950 – Buying singles (20th Jul)
35843 – Singles Mid-point
35743 – VPOC from 19th Jul
35685 – Closing PBL (19th Jul)
35573 – VWAP from 19th Jul
35435 – PBL from 19th 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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