Nifty Jul F: 15853 [ 15897 / 15763 ]
NF opened higher making new highs for the week at 15867 but was swiftly rejected confirming an ORR (Open Rejection Reverse) as it swiped through previous day’s Value falling by more than 100 points in the ‘A’ period but stopped just above the extension handle of 15757 which was a sign that the buyers were defending this level. The auction then scaled above VWAP in the ‘B’ period negating the ORR and began to coil in a narrow range till the ‘G’ period after which it made a RE (Range Extension) to the upside in the ‘H’ period and followed it up with higher highs in the next 2 as it hit 15897 but the large IB (Initial Balance) range held it back from rising further pulling it back to the day’s VWAP of 15840 into the close which will be the important reference for the next open.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Rejection Reverse – Down (ORR) which failed
- The Day type was a Normal Day
- Largest volume was traded at 15851 F
- Vwap of the session was at 15840 with volumes of 57.6 L and range of 134 points as it made a High-Low of 15897-15763
- The settlement day Roll Over point (July) is 15840
- The VWAP & POC of Jun Series is 15721 & 15721 respectively.
- The VWAP & POC of May Series is 14945 & 15094 respectively.
- The VWAP & POC of Apr Series is 14576 & 14375 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 15775-15819-15824
Business Areas for 26th July:
Up
15878 – VAH from 24th July
15937 – VPOC from 16th July
15970 – swing high from 16th July
Down
15795 – Pull Back Low (PBL) from 23rd Jul
15757 – Extension Handle (EH) from 22nd Jul
15632 – VPOC from 20th Jul
(The are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Jul F: 35041 [ 35130 / 34404 ]
BNF completed previous day’s probable Neutral Extreme play at open on as it made a quick fall of almost 400 points in the opening minutes hitting new lows for the week & the series as well at 34405 but did not find any fresh selling and got swiftly rejected as it not only retraced the entire fall in the ‘B’ period but went on to make new highs for the day at 34920 in the IB leaving a pretty large IB range of 515 points. The auction then made a typical C side extension triggering a move back to the day’s VWAP in the ‘D’ period where it left a PBL at 34665 and the defence of VWAP meant that the buyers were in control and this led to a slow OTF probe higher for the rest of the day resulting in multiple REs and another PBL at 34928 in the ‘K’ period after which it went on to check above PDH amd tagged the 19th July VPOC of 35106 while making a high of 35130 before some profit booking into the close brought it back to 35041. BNF has formed an outside bar both in term of range as well as value leaving the biggest daily range of this series so far of 724 points and looks good to give a move away from the 2-day composite Value of 34735-34927-35034.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction (OA)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 34910 F
- Vwap of the session was at 34828 with volumes of 43.9 L and range of 724 points as it made a High-Low of 35130-34405
- The settlement day Roll Over point (July) is 35000
- The VWAP & POC of Jun Series is 35012 & 35070 respectively.
- The VWAP & POC of May Series is 33568 & 34828 respectively.
- The VWAP & POC of Apr Series is 33260 & 32490 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 34675-34910-35045
Business Areas for 26th July:
Up
35210 – VWAP of DD of 19th July
35325 – HVN from 19th July
35856 – VPOC from 16th July
Down
34928 – Pull Back Low (PBL) from 23rd Jul
34665 – Pull Back Low (PBL) from 23rd Jul
34275 – Buying singles from 21st Jun
(The 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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