Nifty May F: 15206 [ 15225 / 14992 ]
NF opened with a gap up and stayed above the previous day’s VWAP of 14988 rejecting the spike lower triggering a good short covering move in the first half of the day as the auction confirmed a late Drive Up leaving an extension handle post IB (Initial Balance) at 15097 after which it went on to tag 15147 in the ‘E’ period. The OTF (One Time Frame) probe stopped in the ‘E’ period as the auction gave a small retracement lower over the next 4 periods and confirmed a PBL (Pull Back Low) at 15100 in the ‘I’ period just above the buying extension handle of 15097 indicating demand coming back as they initiated a fresh leg to the upside with another extension handle at 15152 as NF made new highs for the week completing the 2 IB objective for the day & went on to tag 15225 closing in an imbalance. The immediate singles of 15183 to 15152 would be the zone to watch on the downside at the next open where as above 15225, the auction could continue the imbalance towards 15355 & 15396 in the coming session.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range + late Drive (Up) (OAIR + D)
- The Day type was a Normal Variation Day – Up (‘p’ shape profile with a spike higher)
- Largest volume was traded at 15125 F
- Vwap of the session was at 15123 with volumes of 96.3 L and range of 233 points as it made a High-Low of 15225-14992
- NF confirmed a FA at 14620 on 14/05 and tagged the 2 ATR objective of 14992 on 18/05.
- The settlement day Roll Over point (May) is 14925
- The VWAP & POC of Apr Series is 14576 & 14375 respectively.
- The VWAP & POC of Mar Series is 14816 & 14737 respectively.
- The VWAP & POC of Feb Series is 14893 & 15115 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 15021-15125-15165
HVNs – 14606 / 14714* / 14896 / 14976 / 15120
BankNifty May F: 34763 [ 34855 / 33590 ]
BNF not only opened higher but swiped through the 2-day composite Value of 33663-33801-33902 in the A period itself after which it left a big initiative buying tail from 33990 to 33590 in the IB and made new highs for the week after forming a HVN at 34186 followed by another buying extension handle at 34265 from where it made a jump of almost 600 points into the close to hit 34855 forming a huge 1265 points range for the day. The immediate singles of 34730 to 34635 would be the zone to watch at the next open whereas on the upside sustaining above 34930 could see the imbalance to the upside continue towards 35561.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range + Drive (Up) (OAIR + D)
- The Day type was a Normal Variation Day – Up (‘p’ shape profile with a spike higher)
- Largest volume was traded at 34186 F
- Vwap of the session was at 34253 with volumes of 51.6 L and range of 1265 points as it made a High-Low of 34855-33590
- The settlement day Roll Over point (May) is 33765
- The VWAP & POC of Apr Series is 33260 & 32490 respectively.
- The VWAP & POC of Mar Series is 34618 & 33870 respectively.
- The VWAP & POC of Feb Series is 35530 & 35820 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 33990-34186-34665
HVNs – 32615 / 32969* / 33768
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