Nifty May F: 14691 [ 14890 / 14660 ]
NF opened lower and gave a move away the previous day’s prominent POC of 14927 forming lower daily Value for the first time in the week as it formed a ‘p’ shape profile for the first half of the day but gave a fresh probe lower in the second half closing the day with a spike to the downside as it made a low of 14660 stopping just above the Trend Day VWAP of 14646 which would be the immediate reference on the downside for the next open.
- The NF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Normal Variation Day – Down (NV)
- Largest volume was traded at 14811 F
- Vwap of the session was at 14784 with volumes of 124.8 L and range of 230 points as it made a High-Low of 14890-14660
- The settlement day Roll Over point (May) is 14925
- The VWAP & POC of Apr Series is 14576 & 14375 respectively.
- The VWAP & POC of Mar Series is 14816 & 14737 respectively.
- The VWAP & POC of Feb Series is 14893 & 15115 respectively.
- Value zones (volume profile) are at 14740-14811-14883
HVNs – 14896 / 14997
BankNifty May F: 32893 [ 33599 / 32812 ]
BNF opened lower on Friday well below the overlapping 2-day POC of 33799 and an attempt to probe higher resulted in the ‘D’ period was met with rejection after which the auction formed a nicely balanced profile for the day before it made a RE on the downside in the ‘I’ period confirming a FA at 33599 and spiked lower into the close to 32812 leaving a Neutral Extreme Down Day with another prominent POC at 33400. Today’s VWAP of 33198 would be the important reference for the coming session(s) with the PLR being down towards 32712 & 31825.
- The BNF Open was a Open Auction Out of Range (OAOR)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 33400 F
- Vwap of the session was at 33198 with volumes of 52.5 L and range of 788 points as it made a High-Low of 33599-32812
- BNF confirmed a FA at 33599 on 30/04 and the 1 ATR objective comes to 32712.
- The settlement day Roll Over point (May) is 33765
- The VWAP & POC of Apr Series is 33260 & 32490 respectively.
- The VWAP & POC of Mar Series is 34618 & 33870 respectively.
- The VWAP & POC of Feb Series is 35530 & 35820 respectively.
- Value zones (volume profile) are at 33042-33400-33523
HVNs – 32615
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