Nifty Jun F: 16168 [ 16193 / 15892 ]
NF opened with a gap up above previous session’s DD (Double Distribution Trend Day) POC & VWAP of 16055 & 16077 respectively but could only make a high of 16115 stalling below the HVN of 16124 indicating that the initiative sellers were back and this caused the auction to make a trending move lower till the E period as it left a rare extension handle at 16011 in the C side and went on to complete the 2 IB target of 15907 while making a low of 15892 as it took support at the base of the buying singles from 20th May.
The G TPO then confirmed that the OTF (One Time Frame) probe lower was over which was then followed by a big move higher in the H period as NF tested the morning selling singles and scaled above it in the I period as it made new highs for the day at 16167 but got rejected from the DD selling singles of 16165 to 16210 and gave a retracment down to 16062 as it left a PBL there in the J TPO and went on to make new highs for the day at 16193 into the close leaving a NeuX (Neutral Extreme) Day Up.
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 Neutral Extreme Day – Up (NeuX)
- Largest volume was traded at 16186 F
- Vwap of the session was at 16058 with volumes of 125.5 L and range of 301 points as it made a High-Low of 16193-15892
- The settlement day Roll Over point (Jun 2022) is 16180
- The VWAP & POC of May 2022 Series is 16255 & 16130 respectively.
- The VWAP & POC of Apr 2022 Series is 17430 & 17145 respectively.
- The VWAP & POC of Mar 2022 Series is 16753 & 17255 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 16014-16186-16189
HVNs – 16070
(** indicates series POC)
Business Areas for 27th May 2022:
Up
16186 – dPOC from 26th May
16231 – Selling singles (24th May)
16279 – NeuX VWAP (23rd May)
16325 – VPOC from 23rd May
16395 – Weekly IBH
16443 – VPOC from 06th May
16499 – FA from 06th May
Down
16167 – NeuX zone low (26th May)
16130 – HVN from 26th May
16058 – NeuX VWAP (26th May)
16011 – SOC from 26th May
15955 – SOC from 26th May
15900 – Buying singles (26th May)
15847 – VWAP from 19th May
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow )
BankNifty Jun F: 35165 [ 35278 / 34483 ]
BNF tested previous day’s FA of 34759 at open but got rejected after making a high of 34771 as it got back into previous day’s range & made a low of 34555 in the IB (Initial Balance) after which it made couple of small REs lower in the C & D periods but could only manage 34483 and saw the dPOC shifting lower to 34547 indicating that the sellers were booking out.
The auction then made a staggering OTF (One Time Frame) move to the upside as it left an extension handle at 34771 confirming a FA at lows and completed the 1 ATR of 35158 along with the 3 IB of 35203 for the day with ease while making a high of 35278 into the close leaving back to back Neutral Extreme (NeuX) Days but this time to the upside & the close in imbalance means that the 1 ATR objective of 35485 from the negated FA of 34759 could be hit in the next session.
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 – Up (NeuX)
- Largest volume was traded at 34547 F
- Vwap of the session was at 34853 with volumes of 39.2 L and range of 794 points as it made a High-Low of 35278-34483
- BNF confirmed a FA at 34483 on 26/05 and tagged the 1 ATR objective of 35158 on the same day. The 2 ATR target comes to 35823.
- BNF had confirmed a FA at 34759 on 25/05 which got negated and the 1 ATR objective on the upside comes to 35485.
- The settlement day Roll Over point (Jun 2022) is 35250
- The VWAP & POC of May 2022 Series is 34150 & 34150 respectively.
- The VWAP & POC of Apr 2022 Series is 37090 & 36386 respectively.
- The VWAP & POC of Mar 2022 Series is 34992 & 35648 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 34483-34547-34817
HVNs – 34710
(** indicates series POC)
Business Areas for 27th May 2022:
Up
35203 – Selling singles (26th May)
35325 – LVN from 05th May
35485 – 1 ATR from FA of 34759
35570 – Extension Handle (05th May)
35672 – NeuX VWAP from 05th May
35786 – VPOC from 05th May
35939 – Weekly 3 IB target
36060 – Selling singles (05th May)
Down
35111 – NeuX zone low (26th May)
34985 – Extension Handle (26th May)
34853 – NeuX VWAP from 26th May
34710 – HVN from 26th May
34547 – dPOC from 26th May
34408 – HVN from 25th May
34263 – LVN from 24th May
34150 – VWAP from 20th 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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