Nifty Jun F: 15712 [ 15748 / 15611 ]
NF made a gap up open scaling above PDH & the 21st Jun VPOC of 15689 in the A period and went on to tag the weekly VPOC of 15740 while making a high of 15749 but showed lack of demand just below the selling extension handle of 15759 from the Trend Day Down profile of 16th Jun as the auction settled down into an OAOR (Open Auction Out of Range) forming a narrow 106 point range IB (Initial Balance) and made couple of REs (Range Extension) lower in the F & G periods but could only manage marginal new lows of 15615 & 15611 getting rejected from previous Value and gave a bounce back to 15727 leaving a Normal Day with completely higher Value and a close right at the dPOC of 15713.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Day
- Largest volume was traded at 15713 F
- Vwap of the session was at 15684 with volumes of 80.6 L and range of 137 points as it made a High-Low of 15748-15611
- 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 15660-15713-15722
HVNs – 15740 / 16070 / 16309 / 16566** / 16621
(** indicates series POC)
Business Areas for 27th Jun 2022:
Up
15713 – dPOC from 24th Jun
15759 – Extension Handle (16th Jun)
15795 – Extension Handle (16th Jun)
15838 – 1 ATR from weekly FA of 15202
15885 – Mid-point of IB singles
15948 – Selling tail top (13th Jun)
16020 – Singles mid-point
16060 – Gap mid-point
Down
15672 – TPO HVN from 24th Jun
15615 – Buying Singles (24th Jun)
15577 – VPOC from 23rd Jun
15548 – LVN from 23rd Jun
15483 – PBL from 23rd Jun
15440 – SOC from 23rd Jun
15389 – 3-day comp VAL
15346 – 2-day comp VAH (17th to 20th Jun)
(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: 33654 [ 33738 / 33374 ]
BNF also opened higher scaling above PDH of 33445 as it went on to test the 16th Jun selling tail of 33678 but could only manage to hit 33694 in the A period indicating return of supply in this zone. The auction then remained largely in the IB range of 320 points leaving a PBL at 33453 in the G period and made multiple attempts to extend higher from the H TPO onwards but could only manage to hit 33738 stalling just below the 16th Jun HVN of 33745 leaving a Normal Day & a ‘p’ shape profile with completely higher Value & a close around the dPOC of 33642.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Day
- Largest volume was traded at 33642 F
- Vwap of the session was at 33607 with volumes of 30 L and range of 364 points as it made a High-Low of 33738-33374
- BNF confirmed a multi-day FA at 32447 on 21/06 and tagged the 2 ATR objective of 33531 on the same day. This FA is currently on ‘T+5’ Days.
- 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. This FA has not been tagged & is now a positional reference.
- 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 33561-33642-33677
HVNs – 33385** / 34710 / 35628 / 35854
(** indicates series POC)
Business Areas for 27th Jun 2022:
Up
33661 – M TPO VWAP (24th Jun)
33798 – Daily Swing High (16th Jun)
33920 – Weekly 1.5 IB objective
34152 – Weekly HVN
34309 – HVN from 24th May
34466 – Weekly 3 IB target
34542 – VPOC from 10th Jun
34668 – HVN from 10th Jun
Down
33642 – dPOC from 24th Jun
33528 – PBL from 24th Jun
33435 – Buying singles (24th Jun)
33311 – Gap Mid-point
33140 – dPOC from 23rd Jun
32955 – PBL from 23rd Jun
32770 – SOC from 23rd Jun
32675 – Buying singles
(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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