NF (July) Weekly Profile (08th to 14th Jul 2022)
15932 [ 16253 / 15860 ]
NF continued previous week’s Trend Up imbalance with a gap up open on Friday but made an almost OH (Open=High) start at 16250 stalling just below the weekly VPOC of 16272 which indicated lack of demand in this important zone of singles from 13th June turning the PLR (Path of Least Resistance) to the downside for the rest of the week inspite of an attempt made to probe higher into the close on Monday where it made marginal new highs of 16253 which was swiftly rejected resulting in a FA (Failed Auction) being confirmed on the weekly timeframe.
The auction then went on to negate the daily FA of 16042 by closing below it on Wednesday where it formed a DD (Double Distribution) Trend Day Down and continued to fall on Thursday where it tagged 06th Jul VPOC of 15864 but mamaged to hold above previous week’s VWAP & POC of 15853 & 15838 respectively which will be the immediate downside references for the coming week. This week’s profile was a Neutral Extreme one with overlapping to higher Value at 15968-16118-15184 with this week’s VWAP at 16089 which will be an important level to watch on the upside.
Click here to view this week’s auction in NF with respect to the previous settlement week on MPLite
BNF (July) Weekly Profile (08th to 14th Jul 2022)
34721 [ 35599 / 34623 ]
BNF also continued previous week’s imbalance to the upside with a higher open on Friday as it tagged the weekly VPOC of 35174 & stalled right at that week’s VWAP of 35300 after which it made a low of 35016 into the close but gave an OTD start on Monday where it went on to make new highs of 35599 & saw good profit booking by the longs as it formed a HVN at 35566 & gave more confirmation that the PLR had changed to the downside as it confirmed a daily FA at 35471 on Tuesday & went on to make lower lows of 34825 & 34623 over the next 2 days. The weekly profile is a Neutral Extreme one to the downside with completely higher Value at 35043-35140-35560 with this week’s VWAP at 35149 which will be the important reference to the upside in the coming week.
Click here to view this week’s auction in BNF with respect to the previous settlement week on MPLite
