Nifty Jun F: 15835 [ 15930 / 15819 ]
NF opened with a big gap up of 188 points and went on to make a high of 15930 stalling just below the 13th Jun Selling tail top indicating lack of fresh demand in this zone which led to a slow probe lower till the F period as the auction left a small initiative selling tail from 15915 to 15930 and made multiple REs (Range Extension) from the D to F TPOs but could only manage to tag the 1.5 IB objective of 15834 inspite of a narrow 64 point range IB.
The G period then gave a move back to the day’s VWAP which was followed by similar highs of 15920 & 15922 as NF once again failed to get any demand in the morning tail triggering a fresh probe to the downside which in turn resulted in new lows for the day at 15818 in the L period before closing the day at 15835 leaving a nice Gaussian profile with completely higher Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (Gaussian Profile)
- Largest volume was traded at 15889 F
- Vwap of the session was at 15878 with volumes of 89.3 L and range of 112 points as it made a High-Low of 15930-15819
- The settlement day Roll Over point (Jun 2022) is 16180
- The VWAP & POC of May 2022 Series is 16270 & 16340 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 15858-15889-15921
HVNs – 15706** / 16070 / 16309 / 16567 / 16621
(** indicates series POC)
Business Areas for 28th Jun 2022:
Up
15836 – Closing HVN (27th Jun)
15889 – dPOC from 27th Jun
15922 – Selling singles (27th Jun)
15956 – 1.5 Monthly IB
16020 – Singles mid-point
16060 – Gap mid-point
Down
15832 – Buying singles (27th Jun)
15772 – Singles mid-point
15712 – VPOC from 24th Jun
15672 – TPO HVN from 24th Jun
15615 – Buying Singles (24th Jun)
15577 – VPOC from 23rd Jun
(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: 33862 [ 34180 / 33761 ]
BNF opened higher with a gap up of more than 500 points but made an OH (Open=High) start at 34180 getting rejected from the weekly HVN of 34152 as it left a long selling tail in the IB from 34014 to 34180 and made REs to the downside in the C, E & F periods where it made a low of 33802 stalling just above the Daily Swing High of 16th Jun and gave a bounce back above the day’s VWAP over the next 2 TPOs but could only tag 34007 stopping just below the A period selling singles indicating that the supply was still active here.
The auction then made a fresh probe lower even making a new RE in the K period where it hit 33761 and looked that it could spike lower into the close but ended up leaving similar lows in the L TPO signalling that the HVN of 33745 was being protected which triggered a bounce to 33939 into the close leaving a ‘b’ shape long liquidation profile for the day with completely higher Value.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was an Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 33914 F
- Vwap of the session was at 33933 with volumes of 34.7 L and range of 419 points as it made a High-Low of 34180-33761
- BNF confirmed a multi-day FA at 32447 on 21/06 and tagged the 2 ATR objective of 33531 on the same day. This FA is currently on ‘T+6’ Days.
- BNF confirmed a FA at 34735 on 09/06 which got negated on 10/06 and tagged the 2 ATR objective of 33677 on the downside on 13/06. This FA has not been tagged & is now a positional reference.
- BNF has confirmed a FA at 36132 on 30/05 and tagged the 2 ATR objective of 34793 on 09/06. This FA has not been tagged and is now a positional reference.
- The settlement day Roll Over point (Jun 2022) is 35250
- The VWAP & POC of May 2022 Series is 34570 & 34477 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 33805-33914-33987
HVNs – 33359** / 34710 / 35631 / 35854
(** indicates series POC)
Business Areas for 28th Jun 2022:
Up
33876 – LVN from 27th Jun
33987 – VAH from 27th Jun
34097 – Mid-point of IB singles
34152 – Weekly HVN
34309 – HVN from 24th May
34443 – Weekly Extension Handle
34542 – VPOC from 10th Jun
Down
33850 – Closing HVN (27th Jun)
33738 – Weekly IBL
33642 – dPOC from 24th Jun
33528 – PBL from 24th Jun
33435 – Buying singles (24th Jun)
33311 – Gap Mid-point
33140 – dPOC from 23rd Jun
(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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