Nifty Jul F: 15752 [ 15876 / 15737 ]
NF made a slightly higher open staying above yesterday’s prominent POC of 15791 as it made new highs of 15848 in the ‘B’ period and continued to probe higher making a succesful C side extension where it tagged Monday’s VPOC of 15863 and made marginal new highs of 15876 in the ‘D’ period which was also the IBL of Monday where the initiative sellers of this week had first emerged. The auction then began to coil in a narrrow range of 35 points till the ‘H’ period but the break of the day’s VWAP in the ‘I’ period triggered a big liquidation move into the close as NF not only made new lows for the day leaving an extension handle at 15792 but went on to complete the 2 IB objective for the day hitting 15737 in the ‘M’ period confirming a Neutral Extreme (NeuX) Day Down with both the Value as well as Range forming an outside bar. The NeuX reference for the next open would be from 15737 to 15770 above which today’s SOC (Scene of Crime) around 15840 will be the important level on watch for this series.
Click here to view the latest profile in NF on MPLite
- The NF Open was a Open Auction In Range (OAIR)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 15744 F
- Vwap of the session was at 15813 with volumes of 67.4 L and range of 139 points as it made a High-Low of 15876-15737
- The settlement day Roll Over point (July) is 15840
- The VWAP & POC of Jun Series is 15721 & 15721 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 15741-15744-15843
HVNs – 15817
BankNifty Jul F: 35186 [ 35467 / 35090 ]
Previous day’s report ended with this ‘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’
BNF got accepted in the buying singles of 35142 to 35050 (25th June) as it formed a narrow 216 point range in the IB after which it made a C side extension to the upside and followed it up with a bigger RE in the ‘D’ period where it scaled above the yPOC of 35294 and went on to test the supply zone from 35383 to 35467 getting rejected from 35392 which in turn resulted in an OTF (One Time Frame) probe lower for the rest of the day as the auction left an extension handle at 35050 and went on to make lows of 34892 leaving a Neutral Extreme profile with the dPOC also shifting lower to 34940 which would be the immediate reference for the next open.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a Open Auction (OA)
- The Day type was a Neutral Extreme Day – Down (NeuX)
- Largest volume was traded at 34940 F
- Vwap of the session was at 35149 with volumes of 36.5 L and range of 500 points as it made a High-Low of 35392-34892
- The settlement day Roll Over point (July) is 35000
- The VWAP & POC of Jun Series is 35012 & 35070 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 34898-34940-35248
HVNs – 35000 / 35276
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