Nifty Jul F: 15832 [ 15860 / 15736 ]
NF opened higher above yesterday’s HVN of 15744 rejecting the weak close and got back into previous Value as it left an initiative buying tail in the IB (Initial Balance) from 15768 to 15736 forming a narrow 63 point range. The auction the made similar highs near 15800 over the next 3 periods before making a RE (Range Extension) in the ‘F’ period and continued to probe higher till the ‘J’ period as it tagged 15857 almost completing the 2 IB objective of 15862 and got rejected from Wednesday’s selling tail of 15856 to 15885 which in turn led to a break of the day’s VWAP in the ‘K’ period as NF left a PBL (Pull Back Low) at 15806 before making another attempt to negate the selling singles as it made marginal new highs for the day at 15860 but once again could not sustain and closed the day right at the dPOC of 15831. Both the range as well as value were inside today giving a 2-day composite at 15790-15830-15854 and has tails at both ends and would need one of them to get negated in the coming session(s) for a further move in that direction.
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- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 15831 F
- Vwap of the session was at 15819 with volumes of 73.5 L and range of 124 points as it made a High-Low of 15860-15736
- The settlement day Roll Over point (July) is 15840
- The VWAP & POC of Jun Series is 15706 & 15724 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 15807-15831-15853
HVNs – 15817
BankNifty Jul F: 35001 [ 35122 / 34698 ]
BNF also opened higher rejecting the spike close of previous day and left buying singles in the IB after which it formed a ‘p’ shape profile for the first half of the day staying in a narrow range of just 242 points before leaving an extension handle at 34940 in the ‘H’ period and probed higher even making a look above PDH (Previous Day High) as it tagged 35122 in the ‘J’ period but could not sustain and gave a retracement to the day’s VWAP in the ‘K’ period as it left a PBL at 34949 before closing the day right at the POC of 35000. The range was almost similar to the previous day with overlapping to higher value leaving a 2-day balance at 34868-35002-35070 which will be the starting reference as the new series begins.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 35000 F
- Vwap of the session was at 34965 with volumes of 23.2 L and range of 424 points as it made a High-Low of 35122-34698
- The settlement day Roll Over point (July) is 35000
- The VWAP & POC of Jun Series is 34980 & 35180 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 34902-35000-35121
HVNs – 35000
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