Nifty Jul F: 16491 [ 16635 / 16475 ]
NF made an Open Drive Down start on lower than average volumes as it moved away from the yPOC of 16602 with another A period selling tail & went on to complete the 80% Rule in the 2-day composite of 20-21 Jul while making a low of 16508 in the D TPO.
The auction then formed a balance in a narrow range completing the 80% Rule to the upside too and made an attempt to enter previous day’s Value which was rejected in form of a PBH at 16575 in the I period which meant that the PLR was still to the downside & NF went on to make new lows for the day into the close leaving a ‘b’ shape profile with a mini-spike from 16508 to 16475 which will be the reference for the next open.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Drive – Down (OD on lower volumes)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile + spike)
- Largest volume was traded at 16531 F
- Vwap of the session was at 16530 with volumes of 80.1 L and range of 160 points as it made a High-Low of 16635-16475
- NF confirmed a FA at 16611 on 22/07 and the 1 ATR objective comes to 16780. This FA got broken on 25/07 and closed below it on 26/07..
- NF confirmed a FA at 15651 on 04/07 and tagged the 2 ATR objective of 16092 on 07/07. This FA has not been tagged and is now a positional reference.
- NF confirmed a FA at 15514 on 01/07 and tagged the 2 ATR objective of 15935 on 05/07. This FA has not been tagged and is now a positional reference.
- The settlement day Roll Over point (Jul 2022) is 15720
- The VWAP & POC of Jun 2022 Series is 15895 & 15793 respectively.
- The VWAP & POC of May 2022 Series is 16270 & 16340 respectively.
- The VWAP & POC of Apr 2022 Series is 17430 & 17145 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 16508-16531-16566
HVNs – 15670 / 15838 / 16114**
(** indicates series POC)
Business Areas for 27th Jul 2022:
Up
16508 – Spike High (26th Jul)
16548 – PBH from 26th Jul
16602 – dPOC from 25th Jul
16636 – LVN from 25th Jul
16688 – Selling Singles (25th Jul)
16728 – HVN from 22nd Jul
Down
16475 – Spike Low (26th Jul)
16434 – Gap Mid-point
16398 – Selling Tail Top (10th Jun)
16357 – VPOC from 19th Jul
16300 – VWAP from 19th Jul
16257 – Buying Singles (19th Jul)
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Jul F: 36379 [ 36691 / 36318 ]
BNF made an OAIR start but stalled right below the 2-day composite POC of 36694 as it made a high of 36691 in the opening minutes & left yet another selling tail in the IB forming another ‘b’ shape profile for the day with the mid-point of the buying tail from 22nd Jul holding as the auction made new lows of 36318 into the close.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 36433 F
- Vwap of the session was at 36464 with volumes of 30.3 L and range of 373 points as it made a High-Low of 36691-36318
- BNF confirmed a FA at 34887 on 18/07 and tagged the 2 ATR objective of 35764 on 19/07. This FA has not been tagged and is now a positional reference.
- The settlement day Roll Over point (Jul 2022) is 33380
- The VWAP & POC of Jun 2022 Series is 33969 & 33498 respectively.
- The VWAP & POC of May 2022 Series is 34570 & 34477 respectively.
- The VWAP & POC of Apr 2022 Series is 37090 & 36386 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 36350-36433-36522
HVNs – 34307 / 34692 / 34902 / 35147**
(** indicates series POC)
Business Areas for 27th Jul 2022:
Up
36433 – dPOC from 26th Jul
36588 – Selling Singles
36695 – 2-day composite VPOC
36810 – Weekly IBH
36937 – Monthly 3 IB target
37050 – DSH (21st Apr)
Down
36351 – Buying singles (26th Jul)
36135 – VPOC from 21st Jul
36058 – Buying Singles
35900 – NeuX Low (20th Jul)
35743 – VPOC from 19th Jul
35685 – Closing PBL (19th Jul)
(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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