Nifty Jun F: 15638 [ 15716 / 15435 ]
NF gave the first sign of moving away from the 2-day balance with a gap up open just above the Weekly IBH of 15427 and then left an extension handle at 15494 in the B period to trigger a OTF (One Time Frame) move to the upside but was met with supply right at the mid-profile singles from 15628 to 15675 where it formed similar highs from the E to the G period which was then taken out by another extension handle at 15630 in the H TPO as the auction went on to negate the extension handle of 15675 & made an attempt to enter the 3-day composite Value of last week (13th to 15th Jun) but could only hit 15716 in the J period.
This marked the end of the OTF probe higher & what was looking like a Trend Day saw some profit booking coming in leading to a retracement into the close as NF tested the H period extension handle while leaving a closing PBL at 15621 leaving a Normal Variation Day Up with completely higher Value.
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)
- Largest volume was traded at 15689 F
- Vwap of the session was at 15599 with volumes of 129.1 L and range of 281 points as it made a High-Low of 15716-15435
- 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 15568-15689-15709
HVNs – 15740 / 16070 / 16309 / 16566** / 16621
(** indicates series POC)
Business Areas for 22nd Jun 2022:
Up
15648 – HVN from 21st Jun
15689 – dPOC from 21st Jun
15744 – 3-day comp POC (13th to 15th Jun)
15794 – 3-day comp VAH (13th to 15th Jun)
15838 – 1 ATR from weekly FA of 15202
15885 – Mid-point of IB singles
15948 – Selling tail top (13th Jun)
Down
15636 – LVN from 21st Jun
15599 – VWAP from 21st Jun
15555 – Mid-profile singles
15494 – Extension Handle (21st Jun)
15454 – IB singles mid-point
15394 – Gap mid-point
15346 – 2-day comp VAH (17th to 20th Jun)
(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: 33239 [ 33641 / 32841 ]
BNF also opened with a gap up of 240 points confirming a multi-day FA (Failed Auction) at 32447 and took support at the 2-day composite VAL of 32848 as it left a buying tail from 32943 to 32841 indicating that the PLR (Path of Least Resistance) was to the upside after which the auction left an extension handle at 33017 & went on to scale above the 16th Jun Trend Day VWAP of 33159 in the IB (Initial Balance) itself.
The slow OTF continued till the G period with some supply getting absorbed which was seen in the marginal new highs BNF made in the F & G TPOs and the morning’s initiative buyer won the battle with yet another extension handle at 33329 in the H period which saw a booming move of 300 points as the auction went on to tag the Trend Day VPOC of 33634 but could not sustain above it marking the end of the upmove for the day and this triggered a big liquidation break into the close as the L TPO even broke below the day’s VWAP and went on to tag the IBH of 33189 before closing the day just above the dPOC of 33207 leaving a Normal Variation Day with completely higher Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction (OA)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 33207 F
- Vwap of the session was at 33259 with volumes of 51.6 L and range of 800 points as it made a High-Low of 33641-32841
- BNF confirmed a multi-day FA at 32447 on 21/06 and tagged the 2 ATR objective of 33531 on the same day.
- 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 33048-33207-33514
HVNs – 33400 / 34710 / 35628** / 35854
(** indicates series POC)
Business Areas for 22nd Jun 2022:
Up
33259 – VWAP from 21st Jun
33399 – LVN from 21st Jun
33525 – SOC from 21st Jun
33678 – Selling singles (16th Jun)
33798 – Daily Swing High (16th Jun)
33923 – Weekly ATR objective
34023 – Weekly 3 IB target
34152 – Weekly HVN
Down
33207 – dPOC from 21st Jun
33128 – Mid-profile singles (21st Jun)
33017 – Extension Handle (21st Jun)
32848 – 2-day comp VAH (17th to 20th Jun)
32727 – 2-day comp VPOC (17th to 20th Jun)
32641 – 2-day comp VAL (17th to 20th Jun)
32497 – Buying Singles (20th Jun)
32335 – Weekly IBL
(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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