Nifty Jun F: 15403 [ 15558 / 15357 ]
NF opened lower and remained below the mid-profile singles of 15555 as it got accepted in the previous day’s buying tail negating it completely in the IB after which it made multiple REs (Range Extension) to the downside making a low of 15357 stopping just above the 2-day composite VAH of 15346 forming a Normal Variation Day Down with completely lower Value and saw the dPOC shifting lower to 15405 into the close.
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 Variation Day – Down (NV)
- Largest volume was traded at 15405 F
- Vwap of the session was at 15448 with volumes of 130.4 L and range of 201 points as it made a High-Low of 15558-15357
- 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 15385-15405-15482
HVNs – 15740 / 16070 / 16309 / 16566** / 16621
(** indicates series POC)
Business Areas for 23rd Jun 2022:
Up
15405 – dPOC from 22nd Jun
15460 – HVN from 22nd Jun
15500 – LVN from 22nd Jun
15532 – Selling Singles
15595 – Gap mid-point
15648 – HVN from 21st Jun
15689 – VPOC from 21st Jun
Down
15385 – VAL from 22nd Jun
15346 – 2-day comp VAH (17th to 20th Jun)
15297 – 2-day comp VPOC
15254 – PBL from 20th Jun
15202 – Weekly FA
15164 – Buying Singles (25th May 2021)
15125 – VPOC from 21st May 2021
(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: 32838 [ 33100 / 32750 ]
BNF also opened lower & remained below the mid-profile singles of 33128 as it made a high of 33100 and made a probe below PDL (Previous Day Low) while making a low of 32810 in the A period and remained in this narrow 290 point range for most part of the day as the attempt to make a RE lower in the I TPO got stalled at 32750 which was just above the 20th Jun VPOC of 32727 leaving a Normal Day & a Gaussian profile with completely lower Value.
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 (Gaussian Profile)
- Largest volume was traded at 32895 F
- Vwap of the session was at 32901 with volumes of 35.7 L and range of 350 points as it made a High-Low of 33100-32750
- 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 32805-32895-32969
HVNs – 33400 / 34710 / 35628** / 35854
(** indicates series POC)
Business Areas for 23rd Jun 2022:
Up
32859 – HVN from 22nd Jun
32969 – VAH from 22nd Jun
33085 – Selling Singles
33207 – VPOC from 21st Jun
33399 – LVN from 21st Jun
33525 – SOC from 21st Jun
33678 – Selling singles (16th Jun)
33798 – Daily Swing High (16th Jun)
Down
32832 – LVN from 22nd 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
32176 – 1 ATR from VPOC 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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