Nifty Jul F: 15785 [ 15860 / 15759 ]
NF made an OAIR (Open Auction In Range) start but got rejected from just below the prominent yPOC of 15863 as it made a high of 15860 in the ‘A’ period and probed lower hitting a low of 15778 in the ‘B’ period and then made the dreaded C side extension while tagging new lows of 15764 but could not sustain below the IB as it started to form yet another ‘b’ shape profile for the day but the move above the day’s VWAP triggered a short covering squeeze in the ‘I’ period as the auction hit 15838 and formed a similar high in the ‘J’ period too indicating exhaustion in the bounce which in turn led to a fresh leg lower resulting in marginal new lows for the day being hit in the ‘K’ period at 15759 before closing around yet another prominent dPOC of 15791. Value for the day was completely lower with the dPOC of 15791 & the PBH of 15838 being the important references on the upside where as staying below 15780, the auction would remain weak for a test of 15724 & 15657 in the coming session(s).
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- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 15791 F
- Vwap of the session was at 15799 with volumes of 59.4 L and range of 101 points as it made a High-Low of 15860-15759
- 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.
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 15769-15791-15807
HVNs – 15817
BankNifty Jul F: 35186 [ 35467 / 35090 ]
BNF opened lower and made an attempt to get back into previous Value but got rejected from just below the yPOC of 35498 as it made a high of 35467 in the opening minutes and left an initiative selling tail in the IB from 35383 to 35467 signalling that the PLR (Path of Least Resistance) for the day for to the downside as it not only negated the extension handle of 35318 but broke below the HVN of 35260 while making a low of 35210 in the ‘F’ period. The auction however could not extend further indicating that the sellers had booked out and this led to a bounce back to 35383 in the ‘J’ period where it got rejected right at the start of the morning singles showing that the sellers were coming back in this zone and this led to a big fall till the ‘K’ period as BNF got into the buying singles of 35142 to 35000 from 25th June and made a low of 35090 before closing around the day’s VAL. Value was completely lower and staying below 35165 would continue to remain weak for a test of 35000 / 34890 & 34757 in the coming session(s) where as on the upside, today’s prominent POC of 35294 along 35383 would be the important references above which we have the VPOC of 35498.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction In Range (OAIR)
- The Day type was a Normal Variation Day – Down (‘b’ shape profile)
- Largest volume was traded at 35294 F
- Vwap of the session was at 35268 with volumes of 33.1 L and range of 377 points as it made a High-Low of 35467-35090
- 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.
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 35178-35294-35375
HVNs – 35000
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