Nifty Jun F:
NF continued the weakness of the previous day as it opened with a drive down and went on to fall by 80 points making new weekly lows of 11801 in the ‘A’ period but the imbalance looked too stretched and once the auction got back above VWAP in the ‘B’ period, the failed drive went on to tag new highs for the day making a range extension higher in the ‘C’ period as it made a high of 11914 leaving yet another large IB range of 85 points. (Click here to view the profile chart for better understanding) The auction then continued to balance in the range of ‘B’ & ‘C’ till the ‘K’ period when it made a fresh range extension higher making a new high of 11927 almost tagging the 1.5 IB move up and went on to follow it up with a new high of 11933 in the ‘L’ period where it met with swift rejection and gave a dip of almost 60 points as it made a low of 11876 before closing at 11900 giving overlapping to lower Value with a narrower range suggesting that the auction is not getting good trade facilitation to the downside & so could continue to balance or reverse in the coming session(s)
- The NF Open was a Open Drive Down (OD) (which failed)
- The day type was a Normal Variation Day (Up)
- Largest volume was traded at 11900 F
- Vwap of the session was at 11868 with volumes of 100.1 L making a range of 132 points as it made a High-Low of 11933-11801
- The Trend Day VWAP of 11953 will be important supply point from now.
- The Trend Day VWAP of 12015 will be important support now. This VWAP was broken today & NF closed below it so it is no longer support and will be a new supply point now
- The settlement day Roll Over point is 11980
- The VWAP & POC of May Series is 11613 & 11696 respectively.
- The VWAP & POC of Apr Series is 11641 & 11592 respectively.
- The VWAP & POC of Mar Series is 11327 & 11448 respectively.
You can check the monthly charts & other swing levels for Nifty & NF here & for the weekly charts & analysis, please click here.
Daily Zones:
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- Value zones (volume profile) are at 11840-11860-11900
Hypos / Estimates for the next session:
a) NF has immediate supply at 11913-920 above which it could probe higher to 11937 & 11970
b) Sustaining below 11883, the auction can move lower to 11860-856 & 11832-825
c) Above 11970, NF could test important supply points of 11991 & 12016
d) Below 11825, NF can check lower supports of 11800-795 & 11770
e) Above 12016, NF can probe higher to 12030-50 & 12072-74
f) Break of 11770 can trigger a move lower to 11750-745 & 11722-710
BankNifty Jun F:
Report to be updated…
- The BNF Open was a Open Drive Down (OD) (which failed)
- The day type was a Normal Variation Day (Up)
- Largest volume was traded at 31090 F
- Vwap of the session was at 30981 with volumes at 36.4 L in a session which traded a High-Low range of 31188-30670 for a range of 518 points
- The Trend Day VWAP of 31237 will be important supply point from now.
- The settlement day Roll Over point is 31644
- The VWAP & POC of May Series 30211 & 28940 respectively
- The VWAP & POC of Apr Series is 30037 & 29762 respectively.
- The VWAP & POC of Mar Series is 29061 & 29778 respectively.
For the Monthly charts & other swing levels for BankNifty & BNF click here & for the weekly charts & analysis, please click here.
Daily Zones:
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- Value zones (volume profile) are at 30900-31090-31126
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Hypos / Estimates for the next session:
a) BNF has immediate supply at 31150-185 above which it can probe higher to 31237-288 & 31327
b) Staying below 31090, the auction could test lower levels of 31020 & 30923
c) Above 31327, BNF can probe higher to 31378 & 31450-480
d) Below 30923, BNF can move lower to 30818 & 30776-755
e) If BNF sustains above 31480, higher levels of 31536-555 & 31618-640 could open up
f) Break of 30755 could trigger a move down to 30674-643 / 30575-543 & 30510-505
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