Nifty Jun F: 15847 [ 15862 / 15712 ]
NF not only rejected the previous day’s Spike higher but opened with a big gap down below PDL (Previous Day Low) of 15712 and hit 15678 taking support just above 24th Jun’s TPO HVN of 15672 after which it got back into previous day’s range & value leaving a buying tail in the IB from 15718 to 15678 as it formed yet another narrow range of just 72 points.
The auction then made a C side extension to 15775 but in typical fashion gave a retracment to the day’s VWAP as it left a PBL at 15730 in the D period indicating that the morning buyers were still active. NF then made a slow OTF (One Time Frame) probe higher till the K TPO except for another PBL it made at 15757 in the G as it completed the 2 IB objective of 15822 & got into the spike zone of 15847 to 15862 but was swiftly rejected triggering a profit booking retracement back to the day’s VWAP into the close.
Value for the day was mostly overlapping hence we have a nice 2-day composite at 15734-15778-15818 & the close right at the POC means there is a good chance of the monthly expiry giving an initiative move away from here.
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 15780 F
- Vwap of the session was at 15767 with volumes of 100 L and range of 174 points as it made a High-Low of 15852-15678
- 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 15744-15780-15838
HVNs – 15730** / 16070 / 16309 / 16567 / 16621
(** indicates series POC)
Business Areas for 30th Jun 2022:
Up
15780 – dPOC from 29th Jun
15844 – Selling singles (29th 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
15757 – PBL from 29th Jun
15718 – Buying Singles (29th Jun)
15672 – TPO HVN from 24th Jun
15615 – Buying Singles (24th Jun)
15577 – VPOC from 23rd Jun
15548 – LVN from 23rd Jun
15483 – PBL from 23rd Jun
15440 – SOC 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: 33273 [ 33442 / 33216 ]
BNF continued this week’s downside imbalance with yet another gap down open of 310 points as it negated the buying singles of 24th Jun but made a hat-trick of OAOR (Open Auction Out of Range) starts forming a very narrow IB range of just 158 points and created Value inside this all day filling up the low volume zone from 23rd Jun with the couple of attempts it made to extend higher late in the day was met with rejection as the auction went on to pull the dPOC down to 33239 into the close leaving a second successive Normal Day 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 33238 F
- Vwap of the session was at 33302 with volumes of 26 L and range of 225 points as it made a High-Low of 33442-33216
- 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 33236-33239-33334
HVNs – 33343** / 34710 / 35631 / 35854
(** indicates series POC)
Business Areas for 30th Jun 2022:
Up
33302 – VWAP from 29th Jun
33408 – Selling singles (29th Jun)
33524 – Gap mid-point
33676 – VPOC from 28th Jun
33748 – Selling Singles (28th Jun)
33914 – VPOC from 27th Jun
34015 – Selling Singles (27th Jun)
34152 – Weekly HVN
Down
33238 – dPOC from 29th Jun
33140 – dPOC from 23rd Jun
32955 – PBL from 23rd Jun
32770 – SOC from 23rd Jun
32675 – Buying singles
32587 – Weekly VAL
32497 – Buying Singles (20th Jun)
32335 – Weekly IBL
(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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