Nifty Jun F: 16327 [ 16349 / 16201 ]
NF continued the previous day’s imbalance with a higher open but stalled just below the 23rd May VPOC of 16325 and saw a slow OTF (One Time Frame) probe lower till the F period where it made a low of 16201 stopping just above the PDH of 16193 and left a small responsive buying tail which marked the end of the downside for the day.
The auction then went on to make couple of late REs (Range Extension) to the upside in the I & J TPOs but could only manage marginal new highs of 16337 & 16349 and this lack of intent by the buyers pushed it back lower to 16255 in the J period where it left a PBL (Pull Back Low) and gave a move back to 16340 into the close leaving a Neutral Day with completely higher Value & a very narrow range of 148 points.
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 Neutral Day (NeuD)
- Largest volume was traded at 16309 F
- Vwap of the session was at 16292 with volumes of 112.1 L and range of 148 points as it made a High-Low of 16349-16201
- 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 16270-16309-16339
HVNs – 16070
(** indicates series POC)
Business Areas for 30th May 2022:
Up
16340 – Selling tail (27th May)
16395 – Previous Week High
16443 – VPOC from 06th May
16499 – FA from 06th May
16579 – Gap Mid-point
16655 – Daily Extension Handle
Down
16309 – dPOC from 27th May
16255 – PBL from 27th May
16186 – VPOC from 26th May
16130 – HVN from 26th May
16058 – NeuX VWAP (26th May)
16011 – SOC from 26th 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: 35632 [ 35725 / 35308 ]
BNF also opened higher completing the 1 ATR objective of 35485 from the negated FA of 34759 and went on to negate 05th May extension handle of 35570 in the IB where it made a high of 35612 marking the end of the imbalance it had started in the previous session making way for a balance for the rest of the day as the auction remained in a narrow 417 point range testing the NeuX VWAP of 35672 while making a high of 35725 before settling down to close near the dPOC of 35640 leaving a Normal 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 Day
- Largest volume was traded at 35640 F
- Vwap of the session was at 35564 with volumes of 37.6 L and range of 417 points as it made a High-Low of 35725-35308
- 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 after which it tagged the 1 ATR objective of 35485 on the upside on 27/05.
- 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 35505-35640-35665
HVNs – 34710
(** indicates series POC)
Business Areas for 30th May 2022:
Up
35640 – dPOC from 27th May
35786 – VPOC from 05th May
35939 – Weekly 3 IB target
36060 – Selling singles (05th May)
36222 – VPOC from 04th May
36386 – Selling Singles (04th May)
36567 – NeuX VWAP from 29th Apr
Down
35564 – VWAP from 27th May
35403 – Buying singles (27th May)
35250 – RO (Roll Over) point
35111 – NeuX zone low (26th May)
34985 – Extension Handle (26th May)
34853 – NeuX VWAP from 26th May
34710 – HVN from 26th 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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