Nifty Jul F: 15820 [ 15880 / 15781 ]
NF opened with a gap down of 72 points but also made an OL (Open=Low) start at 15781 as it took support at the PBL (Pull Back Low) of 15795 and reversed the probe to the upside initiating the 80% Rule in previous Value for the rest of the IB (Initial Balance) and went on to make the dreaded C side extension completing the 80% Rule while making new highs of 15880 but was rejected back into the IB giving the typical retracement to the day’s VWAP after which it went on to test the morning singles of 15826 to 15781 while making a low of 15814 in the ‘L’ period before closing the day at 15820. The day’s Value & Range were both inside previous session and the last 3 days is forming a nice Gaussian profile above the extensions handle of 15757 with Value at 15789-15817-15873 and would need initiative volumes at open to move away from this balance.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Day
- Largest volume was traded at 15841 F
- Vwap of the session was at 15839 with volumes of 50.4 L and range of 99 points as it made a High-Low of 15880-15781
- The settlement day Roll Over point (July) is 15840
- The VWAP & POC of Jun Series is 15721 & 15721 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 15816-15841-15860
Business Areas for 27th July:
Up
15861 – Pull Back High (PBH) from 26th July
15897 – Swing high from 23rd July
15937 – VPOC from 16th July
Down
15813 – Buying singles from 26th Jul
15757 – Extension Handle (EH) from 22nd Jul
15700 – Buying tail low of 21st Jul
(The are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Jul F: 34963 [ 35155 / 34732 ]
BNF also made a gap down below the first PBL of 34928 and went on to make a low of 34732 in the opening minutes where it was swiftly rejected from the 2-day composite VAL (34735-34927-35034) triggering the 80% Rule to the upside which it completed by making a high of 35041 in the ‘A’ period itself. The auction then made a C side RE and followed it up with marginal new highs of 35155 in the ‘D’ period as it made a brief look up above PDH but could not sustain and formed a balance for the rest of the day leaving a ‘p’ shape profile with a buying tail from 34851 to 34732 & overlapping Value for the third consecutive day. The 3-day composite Value of 34763-34927-35050 will be the reference for the next session which could start with filling up the low volume zone from 34740 to 34965.
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 Day
- Largest volume was traded at 34963 F
- Vwap of the session was at 34973 with volumes of 26.2 L and range of 423 points as it made a High-Low of 35155-34732
- The settlement day Roll Over point (July) is 35000
- The VWAP & POC of Jun Series is 35012 & 35070 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 34896-34963-35079
Business Areas for 27th July:
Up
35083 – Pull Back High (PBH) from 26th Jul
35210 – VWAP of DD of 19th July
35430 – Selling tail from 19th Jul
Down
34851 – Buying singles from 26th Jul
34665 – Pull Back Low (PBL) from 23rd Jul
34405 – Swing low from 23rd Jul
(The 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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