Nifty Jun F: 15583 [ 15600 / 15410 ]
NF opened right at the prominent POC of 15464 and probed lower in seach of fresh demand as it broke below previous low & FA of 15420 but got swiftly rejected from 15410 reversing the probe to the upside as it not only left a long buying tail in the A period from 15466 to 15410 but also confirmed a buying extension handle at 15474 after which it scaled above previous week’s high forming a large IB (Initial Balance) range of 120 points and continued the OTF (One Time Frame) move higher till the ‘H’ period where it made a high of 15594 marking the end of the OTF leading to the only PBL (Pull Back Low) of the day at 15552 in the ‘J’ period. The auction then made a fresh RE higher in the ‘K’ period but could only make marginal new highs of 15600 as huge volumes were seen to be building at 15582 which is where the dPOC also shifted into the close leaving a Normal Variation Day with completely higher Value.
Click here to view the latest profile in NF on MPLite
- The NF Open was a late Open Rejection Reverse – Up (ORR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 15582 F
- Vwap of the session was at 15531 with volumes of 70.1 L and range of 190 points as it made a High-Low of 15600-15410
- NF confirmed a FA at 15420 on 28/05 and the 1 ATR target comes to 15561. This FA was briefly broken on 31/05 and hence is no longer a vaid reference.
- The settlement day Roll Over point (June) is 15396
- The VWAP & POC of May Series is 14945 & 15094 respectively.
- The VWAP & POC of Apr Series is 14576 & 14375 respectively.
- The VWAP & POC of Mar Series is 14816 & 14737 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 15513-15582-15592
HVNs – 15277 / 15458
BankNifty Jun F: 35603 [ 35650 / 35063 ]
BNF opened below the HVN of 35306 and continued to probe lower in the A period as it got back into the 4-day composite & even broke below the lower HVN reference of 35138 after which it went on to make a low of 35063 stalling just above the VWAP of the important 3 IB day it formed on 27th May. The auction not only took support here but made a swift reversal to the upside as it left a buying extension handle at 35311 and went on to make a high of 35475 in the IB and followed it up with a C side extension where it tagged 35549 but could not get into Friday’s selling tail of 35579 to 35670 triggering a typical retracement to the day’s VWAP as BNF left a PBL at 35348 in the ‘E’ period and once the VWAP test was done, the slow probe higher continued for the rest of the day resulting in new highs for the day into the close at 35650 with the dPOC also shifting higher to 35580. On the daily timeframe, we have a ‘b’ shape profile being followed by a ‘p’ shape one today forming a nice 2-day balance with the composite Value at 35247-35315-35536 which would be the reference for the next session.
Click here to view the latest profile in BNF on MPLite
- The BNF Open was a late Open Rejection Reverse – Up (ORR)
- The Day type was a Normal Variation Day – Up (NV)
- Largest volume was traded at 35580 F
- Vwap of the session was at 35432 with volumes of 35.5 L and range of 587 points as it made a High-Low of 35650-35063
- The settlement day Roll Over point (June) is 35380
- The VWAP & POC of May Series is 33568 & 34828 respectively.
- The VWAP & POC of Apr Series is 33260 & 32490 respectively.
- The VWAP & POC of Mar Series is 34618 & 33870 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 35364-35580-35635
HVNs – 34778
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