Nifty Jun F: 15773 [ 15876 / 15751 ]
NF continued previous day’s imbalance to the upside with a gap up open as it swiped through the Value of 16th June in the ‘A’ period after which it left a relatively narrow IB (Initial Balance) range of 64 points while making a high of 15864 stalling just below the small initiative selling tail of that day from 15868 to 15885. The auction then made a C side extension and made new highs of 15876 but could not negate the selling tail completely indicating that the supply was back in this zone and this failed extension led to a OTF (One Time Frame) probe lower for the rest of the day except for couple of pull back highs in the ‘F’ period at 15869 & then in the ‘K’ period at 15843 and ended the day in a spike lower closing the gap and almost tagging the yPOC of 15749 leaving a Neutral Extreme profile. Value for the day was completely higher but the zone to watch in the next open would be from 15792 to 15751.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 15847 F
- Vwap of the session was at 15828 with volumes of 76.3 L and range of 125 points as it made a High-Low of 15876-15751
- NF confirmed a multi-day FA at 15909 on 16/06 and tagged the 2 ATR objective of 15666 on 17/06. This FA is currently on ‘T+6’ Days.
- NF confirmed a FA at 15502 on 02/06 and tagged the 2 ATR target of 15793 on 07/06. This FA got tagged on 18/06 and gave a good bounce of more than 200 points validating the support.
- The settlement day Roll Over point (June) is 15396
- The VWAP & POC of May Series is 14945 & 15094 respectively.
- The VWAP & POC of Apr Series is 14576 & 14375 respectively.
- The VWAP & POC of Mar Series is 14816 & 14737 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 15813-15847-15873
HVNs – 15277 / 15458 / 15578 / 15686 / 15722*
BankNifty Jun F: 34776 [ 35287 / 34719 ]
BNF also opened higher much below the FA of 34970 and right at the VPOC of 35109 from 16th June and continued to probe higher in the 7-day composite Value as mentioned in previous report tagging the composite POC of 35265 while making a high of 35268 in the IB. The auction then made the dreaded C side extension hitting new highs for the day at 35287 but was not only rejected back into the IB but went on to break below the day’s VWAP which changed the PLR (Path of Least Resistance) to the downside and more confirmation of this came in the ‘G’ period where BNF made a RE to the downside confirming a FA at highs and went on to tag the 1 ATR objective of 34736 in a spike lower into the close after it left a PBH at 35083 in the ‘K’ period. The Neutral Extreme zone of 34822 to 34719 would be the reference for the next open for the bulls to show some strength below which the auction would remain weak for a probe towards 34520, 34344 & 34186 in the coming session(s).
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 35186 F
- Vwap of the session was at 35047 with volumes of 37.3 L and range of 568 points as it made a High-Low of 35287-34719
- BNF confirmed a FA at 35287 on 22/06 and tagged the 1 ATR objective of 34736 on the same day. The 2 ATR target comes to 34186.
- BNF confirmed a FA at 34970 on 17/06 and tagged the 2 ATR objective of 33945 on 18/06. This FA got tagged on 22/06 and is no longer a valid reference.
- The settlement day Roll Over point (June) is 35380
- The VWAP & POC of May Series is 33568 & 34828 respectively.
- The VWAP & POC of Apr Series is 33260 & 32490 respectively.
- The VWAP & POC of Mar Series is 34618 & 33870 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 34975-35186-35277
HVNs – 34778 / 35239* / 35472 / 35616
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