Nifty May F: 22381 [ 22591 / 22312 ]
| Open Type |
|---|
| OAIR (Open Auction In Range) |
| Volumes of 13,534 contracts |
| Initial Balance |
|---|
| 124 points (22591 – 22467) |
| Volumes of 48,125 contracts |
| Day Type |
|---|
| ‘Normal Variation‘ – 278 pts |
| Volumes of 2,80,721 contracts |
NF resumed the imbalance after the pause in the previous session after making an OAIR start and staying in a narrow range in the A period after which it left extension handles at 22533 & 22467 confirming sellers coming back strongly as they went on to tag the lower VPOCs of 22425 & 22321 while making a low of 22312 and saw profit booking in the second half resulting in a ‘b’ shape profile for the day with completely lower Value and a close around the POC of 22378 with the PLR (Path of Least Resistance) firmly to the downside.
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Daily Zones
- Largest volume (POC) was traded at 22378 F and VWAP of the session was at 22410
- Value zones (volume profile) are at 22332-22378-22432
- NF has immediate supply point at AVWAP of 22570 from Swing High of 22888 from 03/05
- NF confirmed a FA at 22977 on 09/04 and has not been tagged hence is a postional swing level
- HVNs are at NA (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (19-25 Apr) – to be updated…
Monthly Zones
- The settlement day Roll Over point (May 2024) is 22648
- The VWAP & POC of Apr 2024 Series is 22386 & 22457 respectively
- The VWAP & POC of Mar 2024 Series is 22168 & 22001 respectively
- The VWAP & POC of Feb 2024 Series is 21956 & 21930 respectively
Business Areas for 08th May 2024
| Up |
| 22410 – VWAP (07 May) 22467 – Ext Handle (07 May) 22533 – Ext Handle (07 May) 22568 – Selling Tail (07 May) 22603 – G TPO h/b (06 May) |
| Down |
| 22378 – POC (07 May) 22330 – PBL (07 May) 22265 – VPOC (19 Apr) 22215 – J TPO tail mid (19 Apr) 22149 – PBL (19 Apr) |
BankNifty May F: 48349 [ 49099 / 48285 ]
| Open Type |
|---|
| OAIR (Open Auction) |
| Volumes of 6,965 contracts |
| Initial Balance |
|---|
| 434 points (49099 – 48665) |
| Volumes of 41,009 contracts |
| Day Type |
|---|
| Normal Variation – 814 points |
| Volumes of 1,74,936 contracts |
BNF also signalled a move to imbalance after a tepid start as it broke the AVWAP (from 19th Apr) of 48925 leaving an extension handle right there in the B period and followed it with another one at 48665 in the C side move swiping through 26th Apr’s balanced profile as it went on to test that day’s small buying tail from 48337 to 48265 while making a low of 48285 and similar to NF closed the day with a ‘b’ shape profile with the POC at 48416 and a HVN forming around the RO point of 48360
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Daily Zones
- Largest volume (POC) was traded at 48416 F and VWAP of the session was at 48553
- Value zones (volume profile) are at 48311-48416-48624
- BNF negated AVWAP (Anchored VWAP) of 48925 from 19/04 on 07/05
- NF has immediate supply point at AVWAP of 49193 from Swing High of 49927 from 30/04
- HVNs are at NA (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (25-30 Apr) – to be updated…
- (18-24 Apr) – to be updated…
Monthly Zones
- The settlement day Roll Over point (May 2024) is 48360
- The VWAP & POC of Apr 2024 Series is 47971 & 47994 respectively
- The VWAP & POC of Mar 2024 Series is 47051 & 47300 respectively
- The VWAP & POC of Feb 2024 Series is 46119 & 45700 respectively
Business Areas for 08th May 2024
| Up |
| 48416 – POC (07 May) 48553 – VWAP (07 May) 48665 – Ext Handle (07 May) 48781 – B TPO VWAP (07 May 48925 – Ext Handle (07 May) |
| Down |
| 48311 – Buy tail (07 May) 48146 – A TPO POC (25 Apr) 48009 – POC (22 Apr) 47870 – PBL (22 Apr) 47766 – L TPO h/b (19 Apr) |
You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.