Nifty Jun F: 16643 [ 16674 / 16461 ]
NF made a gap up plus an OL (Open=Low) start at 16461 & negated the FA of 16499 as it continued to drive higher till the D period where it scaled above the daily extension handle of 16655 and recorded a high of 16672. The auction then made similar highs of 16674 & 16673 in the E & F TPOs indicating exhaustion to the upside and this triggered a probe lower and a dip below the day’s VWAP in the K period where it left a PBL at 16592 before closing right at the prominent dPOC of 16643 leaving a ‘p’ shape profile for the day with completely higher Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was an Open Auction Out of Range plus Drive Up (OAOR + D)
- The Day type was a Normal Variation Day – Up (‘p’ shape profile)
- Largest volume was traded at 16643 F
- Vwap of the session was at 16610 with volumes of 102.9 L and range of 213 points as it made a High-Low of 16674-16461
- The settlement day Roll Over point (Jun 2022) is 16180
- The VWAP & POC of May 2022 Series is 16255 & 16130 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 16589-16643-16665
HVNs – 16070
(** indicates series POC)
Business Areas for 31st May 2022:
Up
16662 – closing PBH (30th May)
16716 – HVN from 05th May
16763 – Mid-profile singles
16838 – NeuX VWAP (05th May)
16887 – Weekly 2 IB target
16930 – VPOC from 05th May
Down
16643 – dPOC from 30th May
16571 – Buying Singles (30th May)
16516 – Mid-point of IB singles
16444 – Singles Mid-point
16394 – Gap Mid-point
16340 – Selling tail (27th May)
(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: 35880 [ 36132 / 35791 ]
BNF also opened with a big gap up of 344 points but settled down into an OAOR (Open Auction Out of Range) as it scaled above the 05th May Selling singles but stalled near right below the LVN of 36117 from 04th May and remained in the narrow IB range of just 208 points before making an attempt to probe higher in the E period which got rejected resulting in a FA being confirmed at 36132 with a RE happening in the G TPO.
The auction remained below VWAP for the rest of the day & went on to make a low of 35791 in the K TPO before closing the day at 35880 where the dPOC also shifted leaving a Neutral Day with completely higher 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 Neutral Day (NeuD)
- Largest volume was traded at 35880 F
- Vwap of the session was at 35967 with volumes of 30.7 L and range of 342 points as it made a High-Low of 36132-35791
- BNF has confirmed a FA at 36132 on 30/05 and the 1 ATR objective comes to 35463.
- BNF confirmed a FA at 34483 on 26/05 and tagged the 2 ATR objective of 35823 on 30/05.
- The settlement day Roll Over point (Jun 2022) is 35250
- The VWAP & POC of May 2022 Series is 34150 & 34150 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 35825-35880-36033
HVNs – 34710
(** indicates series POC)
Business Areas for 31st May 2022:
Up
35880 – dPOC from 30th May
36025 – HVN from 30th May
36132 – FA from 30th May
36296 – PBH from 04th May
36386 – Selling Singles (04th May)
36567 – NeuX VWAP from 29th Apr
Down
35810 – Buying singles (30th May)
35640 – VPOC from 27th May
35564 – VWAP from 27th May
35403 – Buying singles (27th May)
35250 – RO (Roll Over) point
35111 – NeuX zone low (26th May)
(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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