Nifty Jun F: 15347 [ 15384 / 15202 ]
NF made an OAIR (Open Auction In Range) start and remained largely in previous day’s range & Value forming an inside bar and another Gaussian Profile on the daily timeframe with failed attempts on both ends as it first broke below previouu week’s low of 15211 but could only tag 15202 & then in the G TPO tried to extend the IB range on the upside but could only make a marginal new high of 15384.
The auction is now formed a nice 2-day balance (Click here to view the composite chart on MPLite) with Value at 15270-15294-15346 and has a good chance of giving a move away from here on initiative volumes in the coming session(s).
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Day (Gaussian Profile)
- Largest volume was traded at 15297 F
- Vwap of the session was at 15307 with volumes of 112.7 L and range of 182 points as it made a High-Low of 15384-15202
- The settlement day Roll Over point (Jun 2022) is 16180
- The VWAP & POC of May 2022 Series is 16270 & 16340 respectively.
- The VWAP & POC of Apr 2022 Series is 17430 & 17145 respectively.
- The VWAP & POC of Mar 2022 Series is 16753 & 17255 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 15270-15297-15346
HVNs – 15740 / 16070 / 16309 / 16566** / 16621
(** indicates series POC)
Business Areas for 21st Jun 2022:
Up
15375 – closing PBH (20th Jun)
15427 – Weekly IBH
15456 – Anamoly from 17th Jun
15491 – Mid-profile singles (16th Jun)
15552 – Trend Day VWAP (16th Jun)
15628 – Mid-profile singles (16th Jun)
Down
15345 – 2-day composite VAH
15294 – 2-day composite POC
15254 – PBL from 20th Jun
15211 – Weekly IBL
15164 – Buying Singles (25th May 2021)
15125 – VPOC from 21st May 2021
15076 – PBL from 21st May
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Jun F: 32716 [ 32977 / 32447 ]
BNF opened higher & probed above PDH testing the extension handle of 32934 for the second time in two days but once again got rejected leading to the formation of yet another big IB range of 480 points as it left an initiative selling tail from 32850 to 32977. The auction continued the balance of the previous session for the rest of the day with a lone attempt in the G period to probe into the morning singles being rejected resulting in a PBH at 32890 which in turn triggered marginal new lows for the day at 32447 in the L TPO as the auction completed a perfect 3-1-3 balanced profile on the 2-day composite (Click here to view the composite on MPLite) with the Value at 32641-32731-32848 & has a good chance of turning this balance into an imbalance in the coming session(s).
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Day (‘p’ shape profile)
- Largest volume was traded at 32707 F
- Vwap of the session was at 32741 with volumes of 44.4 L and range of 607 points as it made a High-Low of 32942-32335
- BNF confirmed a FA at 34735 on 09/06 which got negated on 10/06 and tagged the 2 ATR objective of 33677 on the downside on 13/06.
- BNF has confirmed a FA at 36132 on 30/05 and tagged the 2 ATR objective of 34793 on 09/06. This FA has not been tagged and is now a positional reference.
- The settlement day Roll Over point (Jun 2022) is 35250
- The VWAP & POC of May 2022 Series is 34570 & 34477 respectively.
- The VWAP & POC of Apr 2022 Series is 37090 & 36386 respectively.
- The VWAP & POC of Mar 2022 Series is 34992 & 35648 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 32627-32727-32819
HVNs – 33400 / 34710 / 35628** / 35854
(** indicates series POC)
Business Areas for 21st Jun 2022:
Up
32731 – 2-day composite POC
32890 – Selling singles (20th Jun)
33006 – Mid-profile singles
33159 – VWAP from 16th Jun
33255 – PBH from 16th Jun
33427 – Extension Handle
33542 – Mid-profile singles
Down
32705 – 2-day composite VWAP
32641 – 2-day composite VAL
32497 – Buying Singles (20th Jun)
32335 – Weekly IBL
32176 – 1 ATR from dPOC of 32727
32054 – 1.5 Weekly objective
31864 – 1 ATR from weekly POC
(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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