Nifty May F: 16014 [ 16221 / 15982 ]
NF opened with a small gap up & scaled above the weekly IBL of 16185 but could not take out the selling singles of 16232 as it made a high of 16221 in the A period & reversed the probe to the downside for the rest of the IB as it almost tagged the yPOC of 16117 while making a low of 16119 and left an initiative selling tail from 16176 to 16221.
The auction then made the dreaded C side extension to 17108 which gave the mandatory bounce to the day’s VWAP but the swift rejection from 16163 in the E period triggered an extension handle at 16108 & a fresh probe lower as NF broke below the important reference of 16033 and went on to make a low of 15982 in the L TPO leaving a Double Distribution Trend Day Down but saw the dPOC shifting lower to 16010 into the close which would be the opening reference for the next session.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction In Range (OAIR)
- The Day type was a Double Distribution Trend Day – Down (DD)
- Largest volume was traded at 16010 F
- Vwap of the session was at 16080 with volumes of 107.7 L and range of 239 points as it made a High-Low of 16221-15982
- NF confirmed a FA at 16495 on 06/05 and tagged the 2 ATR objective of 16004 on 11/05. This FA has not been tagged & is now a positional reference.
- NF confirmed a FA at 16980 on 05/05 and tagged the 2 ATR objective of 16513 on 06/05. This FA has not been tagged & is now a positional reference.
- The settlement day Roll Over point (May 2022) is 17265
- The VWAP & POC of Apr 2022 Series is 17430 & 17145 respectively.
- The VWAP & POC of Mar 2022 Series is 16753 & 17255 respectively.
- The VWAP & POC of Feb 2022 Series is 17183 & 17409 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 15984-16010-16124
HVNs – 15853 / 16225** / 16321 / 16429 / 16984
(** indicates series POC)
Business Areas for 26th May 2022:
Up
16037 – Closing PBH (25th May)
16080 – DD VWAP from 25th May
16130 – HVN from 25th May
16176 – Selling singles (25th May)
16232 – Selling singles (24th May)
16279 – NeuX VWAP (23rd May)
16310 – SOC from 23rd May
16368 – Selling singles (23rd May)
Down
16010 – dPOC from 25th May
15979 – Weekly IBH
15933 – Singles Mid-point
15879 – Gap Mid-point
15844 – VWAP from 19th May
15784 – VPOC from 19th May
15740 – Weekly FA
15676 – 2 ATR from 16236
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty May F: 34330 [ 34687 / 34280 ]
BNF not only opened with a gap up but left an initiative buying tail in the IB from 34548 to 34373 indicating a move away from previous day’s balance and even made couple of RE (Range Extension) attempts in the D & E periods but could only manage to tag 34687 falling just short of the 23rd May VPOC of 34696.
This failure of buyers then invited the supply to strike which they did with a OTF (One Time Frame) probe lower for the rest of the day as it made multiple REs and went on to tag the yPOC of 34317 while making a low of 34280 in the M TPO leaving a NeuX (Neutral Extreme) Down profile with a FA (Failed Auction) at the top.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction (OA)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 34317 F
- Vwap of the session was at 34500 with volumes of 36 L and range of 407 points as it made a High-Low of 34687-34280
- BNF confirmed a FA at 34687 on 25/05 and the 1 ATR objective comes to 33960.
- BNF confirmed a FA at 34834 on 06/05 and tagged the 2 ATR objective of 33472 on 12/05. This FA has not been tagged & is now a positional reference.
- The settlement day Roll Over point (May 2022) is 36515
- The VWAP & POC of Apr 2022 Series is 37090 & 36386 respectively.
- The VWAP & POC of Mar 2022 Series is 34992 & 35648 respectively.
- The VWAP & POC of Feb 2022 Series is 37712 & 37712 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 34417-34633-34668
HVNs – 34307** / 34643 / 35931 / 36120
(** indicates series POC)
Business Areas for 26th May 2022:
Up
34373 – NeuX High (25th May)
34500 – NeuX VWAP (25th May)
34633 – dPOC from 25th May
34760 – Selling singles (23rd May)
34833 – FA from 06th May
35032 – Singles mid-point
35162 – Weekly mid-profile singles
35290 – HVN from 05th May
Down
34301 – Buying singles (25th May)
34180 – 3-day composite VAL
34053 – VPOC from 20th May
33911 – Buying Singles (20th May)
33758 – IB Singles Mid-point
33592 – Singles Mid-point
33447 – Gap Mid-point
33317 – Closing PBH (19th May)
(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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