Nifty Jul F: 15888 [ 15900 / 15802 ]
NF opened above previous Value and made a look up above PDH (Previous Day High) as it hit 15875 but could not sustain leading to a liquidation move of the late longs resulting in a low of 15802 in the ‘B’ period. The auction then made a slow probe higher though it remained in the IB (Initial Balance) range of 73 points till the ‘G’ period before making a RE (Range Extension) in the ‘H’ period and followed it up with couple of more REs in the ‘J’ & ‘L’ period where it made a high of 15900 before closing the day around the dPOC of 15882 leaving a balanced profile. In fact NF has formed a nice 4-day composite with Value at 15803-15830-15889 which will be the reference as the new series begins to unfold.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction (OA)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 15882 F
- Vwap of the session was at 15857 with volumes of 54.3 L and range of 98 points as it made a High-Low of 15900-15802
- 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 15842-15882-15895
HVNs – 15817
BankNifty Jul F: 35489 [ 35665 / 35050 ]
BNF made an Open Test Drive Up on low volumes as it remained above the PDH (Previous Day High) of 35122 giving a signal that it was moving away from the 2-day balance as it left an initiative buying tail in the IB from 35166 to 35050 and almost tagged the first of the higher VPOCs of 35319 (22nd June) in the B period. The auction then tested the morning singles in the ‘D’ period but got rejected as it left a PBL at 35143 and this triggered a trending move higher over the next 6 periods as BNF made multiple REs starting from the ‘F’ period where it left an extension handle at 35318 & went on to complete the 2 IB objective of 35586 also tagging the next higher VPOC of 35649 (9th June) in the ‘J’ period where it made a high of 35665. However, the OTF (One Time Frame) probe came to an end in the ‘K’ period where BNF made similar highs of 35664 indicating exhaustion on the upside and gave a retracement to 35425 into the close before closing around the dPOC of 35508. Value for the day was completely higher with the elongated profile with couple of lower HVNs at 35260 & 35460 which will be the important levels in the coming session and on the upside, sustaining above 35508 could lead to a test of the higher HVN of 35630 & the VPOC of 35799 (7th June).
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Test Drive – Up (OTD on lower volumes)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 35508 F
- Vwap of the session was at 35385 with volumes of 35.6 L and range of 616 points as it made a High-Low of 35665-35050
- 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 35189-35508-35566
HVNs – 35000
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