Nifty Jul F: 16722 [ 16757 / 16611 ]
NF opened with a small gap up & continued to probe higher moving away from the 2-day Gaussian Profile as it went on to tag 16690 in the A period where it failed to get fresh demand and reversed the probe to the downside leaving an initiative selling tail from 16658 to 16690 & closed the gap open with a typical C side extension to 16611.
However, this C side also proved to be a ‘Dhoka’ (Con) period as the auction not only got back into the IB immediately but went on to make multiple REs to the upside confirming a FA at lows & leaving an extension handle at 16697 as it went on to complete the 2 IB objective of 16756 to the dot in the K period and saw some profit booking coming in which pushed NF back to 16710 into the close leaving a Neutral Extreme (NeuX) Up Day with completely higher Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out Range (OAOR)
- The Day type was a Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 16673 F
- Vwap of the session was at 16684 with volumes of 79.1 L and range of 147 points as it made a High-Low of 16757-16611
- NF confirmed a FA at 16611 on 22/07 and the 1 ATR objective comes to 16780.
- 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 16617-16673-16715
HVNs – 15670 / 15838 / 16114**
(** indicates series POC)
Business Areas for 25th Jul 2022:
Up
16728 – HVN from 22nd Jul
16780 – 1 ATR from FA of 16611
16831 – Daily Swing High
16873 – Weekly 2 IB + SOC (05th May)
16900 – VPOC from 05th May
16950 – PBH from 05th May
Down
16710 – Closing PBL (22nd Jul)
16657 – PBL + SOC (22nd Jul)
16611 – FA from 22nd Jul
16565 – 2-day composite VAH
16513 – 2-day composite VAL
16480 – Weekly 2 IB target
(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: 36719 [ 36829 / 36280 ]
BNF opened with a freak tick & OL (Open=Low) start of 365155 and gave an Open Drive Up scaling above PDH & making a high of 36548 in the IB as it left a long initiative buying tail from 36418 to 36191.
The auction then consolidated over the next 3 TPOs building volumes at 36477 before continuing the imbalance to the upside with an extension handle at 36548 in the F period as it formed a Double Distribution Trend Day Up hitting the 2 IB objective of 36816 in the K period while making a high of 36829 and saw some profit booking coming in with the dPOC shifting higher to 36694 into the close.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Drive – Up (OD)
- The Day type was a Double Distribution Trend Day – Up (DD)
- Largest volume was traded at 36694 F
- Vwap of the session was at 36620 with volumes of 35.3 L and range of 548 points as it made a High-Low of 36829-36280
- BNF confirmed a FA at 34887 on 18/07 and tagged the 2 ATR objective of 35764 on 19/07. This FA is currently on ‘T+5’ Days.
- 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 36508-36694-36827
HVNs – 34307 / 34692 / 34902 / 35147**
(** indicates series POC)
Business Areas for 25th Jul 2022:
Up
36756 – HVN from 22nd Jul
36862 – 2 ATR from 35900
36963 – Daily Swing High (28th Apr)
37050 – DSH (21st Apr)
37229 – DSH (19th Apr)
37400 – Extension Handle (18th Apr)
Down
36694 – dPOC from 22nd Jul
36548 – Extension Handle (22nd Jul)
36418 – Buying Singles (22nd Jul)
36304 – Singles Mid-point
36135 – VPOC from 21st Jul
36058 – Buying Singles
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://www.explara.com/e/vtrendertradingroomlive
