Nifty Jun F: 15847 [ 15862 / 15712 ]
NF opened lower & continued to fall gradually in the IB negating the buying singles of previous day as it went on to tag the 24th Jun VPOC of 15712 in the B period forming another narrow IB range of just 77 points.
The VPOC of 15712 held indicaing that the series POC also which has shifted lower to 15706 is being defended by the buyers and this led to a OTF (One Time Frame) probe higher till the G period as the auction made multiple REs completing the 1.5 IB target of 15827 while making a high of 15844 and gave a good reaction from yesterday’s closing HVN of 15836 triggering a test of the day’s VWAP in the H & I periods but left a PBL at 15756 showing demand at VWAP.
NF then made a fresh probe higher into the close leaving a mini-spike from 15847 to 15862 knocking the door of yVAL forming a Normal Variation Day Up with completely lower 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 – Up (NV)
- Largest volume was traded at 15740 F
- Vwap of the session was at 15783 with volumes of 92 L and range of 150 points as it made a High-Low of 15862-15712
- 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 15720-15740-15808
HVNs – 15730** / 16070 / 16309 / 16567 / 16621
(** indicates series POC)
Business Areas for 29th Jun 2022:
Up
15848 – Spike zone (28th Jun)
15889 – VPOC from 27th Jun
15922 – Selling singles (27th Jun)
15956 – 1.5 Monthly IB
16020 – Singles mid-point
16060 – Gap mid-point
16130 – HVN from 26th May
Down
15834 – HVN from 28th Jun
15784 – VWAP from 28th Jun
15740 – dPOC from 28th Jun
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: 33678 [ 33772 / 33542 ]
BNF opened with a gap down below the 24th Jun VPOC of 33642 thus repairing the poor lows of previous day’s ‘b’ shape profile and continued to probe lower in the B period where it made a low of 33542 taking support just above 24th Jun’s PBL of 34528 forming a very narrow 181 point range IB.
The auction then remained largely in this narrow range for rest of the day except for a failed attemped to extend higher in the G period where it tagged 33772 but got rejected from this entry into previous day’s range triggering a quick liquidation drop to 33546 in the H TPO but could not break below IBL indicating presence of demand as it made a contracting range into the close forming a nice Gaussian Profile for the day with a close near the prominent POC of 33676 with completely lower 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 (Gaussian Profile)
- Largest volume was traded at 33676 F
- Vwap of the session was at 33642 with volumes of 30.8 L and range of 230 points as it made a High-Low of 33772-33542
- 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 has not been tagged & is now a positional reference.
- 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 33592-33676-33705
HVNs – 33385** / 34710 / 35631 / 35854
(** indicates series POC)
Business Areas for 29th Jun 2022:
Up
33748 – Selling Singles (28th Jun)
33914 – VPOC from 27th Jun
34015 – Selling Singles (27th Jun)
34152 – Weekly HVN
34309 – HVN from 24th May
34443 – Weekly Extension Handle
34542 – VPOC from 10th Jun
34668 – HVN from 10th Jun
Down
33676 – dPOC from 28th Jun
33546 – PBL from 28th Jun
33435 – Buying singles (24th Jun)
33311 – Gap Mid-point
33140 – dPOC from 23rd Jun
32955 – PBL from 23rd Jun
32770 – SOC from 23rd Jun
32675 – Buying singles
(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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