Nifty Jul F: 15709 [ 15775 / 15510 ]
NF opened higher right at previous day’s VWAP of 15775 and made a Drive Down falling by a big 145 points in the IB as it made new lows for the week at 15630 tagging the daily VPOC from 20th Jul and left a C side extension handle and went on to make new lows for the series at 15552. The auction continued the fall in the ‘D’ period resulting in a break of the 18th June swing low of 15521 as it hit 15510 but the fall seemed to be getting emotional which was visible in a responsive buying tail it left similar to the one it did on 18th June after which it not only scaled above the day’s VWAP but went on make a slow OTF (One Time Frame) probe higher for the rest of the day getting back into the A period range and left an important PBL at 15642 before hitting 15723 into the close leaving a 3-1-3 profile for the day with a huge daily range of 265 points. Value however was completely lower so can expect NF to remain in between the the 2 tails of today and fill up the zone with the HVNs of 15645 & 15585 as references before it gives a move away from here.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Drive – Down (OD)
- The Day type was a Normal Variation Day – Down (3-1-3 profile)
- Largest volume was traded at 15645 F
- Vwap of the session was at 15640 with volumes of 88.9 L and range of 265 points as it made a High-Low of 15775-15510
- 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 15605-15645-15714
Business Areas for 29th July:
Up
15775 – DD VWAP from 27th Jul
15820 – Selling Extension Handle from 27th Jul
15866 – HVN from 27th Jul
Down
15642 – PBL from 28th Jul
15605 – VAL from 28th Jul
15552 – Resposive Buying from 28th July
(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: 34559 [ 34829 / 34118 ]
BNF gave a perfect OTD (Open Test Drive) as it got rejected from the yPOC of 34828 and went on on to fall by 324 points in the IB while making new lows for the week at 34505 where it left an extension handle in the C period and broke below the last swing low of 34405 from 23rd Jul and completed the 2 ATR objective of 34276 from yesterday’s FA of 35188. The auction then went on to test the dual buying tails from 18th & 21st Jun as it made lower lows of 34118 in the ‘D’ period but held just above the similar lows of those 2 days which was at 34083 leaving a responsive buying tail which signalled the end of the downside probe for the day. BNF then made a slow probe higher for the rest of the day stopping just below the initiative selling tail from 34601 to 34829 leaving a 3-1-3 profile for the day with completely lower Value so will need to sustain above 34601 in the next session to continue the upside probe where as today’s PBL of 34350 & the buying singles from 34223 would be the levels to watch on the downside if the auction gets accepted below 34575.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Test Drive – Down (OTD)
- The Day type was a Normal Variation Day – Down (3-1-3 profile)
- Largest volume was traded at 34575 F
- Vwap of the session was at 34444 with volumes of 36.1 L and range of 711 points as it made a High-Low of 34829-34118
- The settlement day Roll Over point (July) is 35000
- BNF confirmed a FA at 35188 on 27/07 and tagged the 2 ATR of 34276 on the 28/07.
- 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 34314-34575-34593
Business Areas for 29th July:
Up
34601 – Selling tail from 28th Jul
34954 – DD VWAP from 27th Jul
35188 – FA (Failed Auction) of 27th Jul
Down
34470 – HVN from 28th Jul
34350 – PBL from 28th Jul
34083 – Swing low from 18th Jun
(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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