Nifty Jul F: 15855 [ 15930 / 15825 ]
NF opened higher but could not take out the higher VPOC of 15932 (15th June) as it left an initiative selling tail in the IB (Initial Balance) from 15905 to 15930 and got back into the 4-day composite Value filling up the upper part while forming a ‘b’ shape profile for the day while making a low of 15825 and closing around the prominent POC of 15863. We now have a smoother 5-day Gaussian profile with Value at 15812-15830-15894 and it remains to be seen when we get a move away from here.
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 15863 F
- Vwap of the session was at 15870 with volumes of 43.4 L and range of 105 points as it made a High-Low of 15930-15825
- The settlement day Roll Over point (July) is 15840
- The VWAP & POC of Jun Series is 15706 & 15724 respectively.
- The VWAP & POC of May Series is 14945 & 15094 respectively.
- The VWAP & POC of Apr Series is 14576 & 14375 respectively.
- Value zones (volume profile) are at 15837-15863-15882
HVNs – 15817
BankNifty Jul F: 35516 [ 35700 / 35350 ]
BNF also made a gap up open but formed an OH (Open=High) start at 35700 after which it got back into previous day’s range and value and formed a narrow 298 points IB (Initial Balance) where it made a low of 35402 after which it even made the dreaded C side extension hitting new lows of 35350 but could not extend any further with the auction forming a Gaussian Curve on the daily with a close around the overlapping POC of 35500. Friday’s extension handle of 35318 along with the HVN of 35260 would be the levels to watch on the downside where as BNF would need fresh demand above 35600 to continue it’s probe higher in the coming session(s).
- The BNF Open was a Open Auction (OA)
- The Day type was a Normal Day (‘b’ shape profile)
- Largest volume was traded at 35498 F
- Vwap of the session was at 35516 with volumes of 33.1 L and range of 350 points as it made a High-Low of 35700-35350
- The settlement day Roll Over point (July) is 35000
- The VWAP & POC of Jun Series is 34980 & 35180 respectively.
- The VWAP & POC of May Series is 33568 & 34828 respectively.
- The VWAP & POC of Apr Series is 33260 & 32490 respectively.
- Value zones (volume profile) are at 35438-35498-35570
HVNs – 35000
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