Nifty Spot: 23501 [ 23667 / 23398 ]
Monday – Holiday
Tuesday – 23558 [ 23579 / 23499 ] – Normal Day
Wednesday – 23516 [ 23664 / 23412 ] – Neutral Extreme
Thursday – 23567 [ 23624 / 23354 ] – Normal Variation
Friday – 23501 [ 23667 / 23398 ] – Normal Variation
The weekly profile is yet again a well-balanced one along with being a Neutral Centre with completely higher Value at 23496-23538-23592 but has closed below the Value and needs an initiative move away from the ultra-prominent POC of 23536 for a fresh imbalance to begin in the coming week whereas on the downside it has taken support at previous reference of 23412 which will continue to remain as immediate support.
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Hypos for 24th June – 23501 [ 23667 / 23398 ] – Normal Variation
| Up |
| 23538 – Weekly POC 23592 – Weekly VAH 23622 – Sell Tail (21 Jun) 23667 – ATH (21 Jun) 23713 – 1 ATR (Buy tail 23338) 23768 – 1 ATR (SOC 23393) |
| Down |
| 23496 – Weekly VAL 23445 – M TPO low (21 Jun) 23393 – SOC (14 Jun) 23338 – Buy Tail (14 Jun) 23288 – 2-day VAL (10-11 Jun) 23250 – M TPO h/b (11 Jun) |
Hypos for 25th June – 23538 [ 23558 / 23350 ] – Double Distribution
| Up |
| 23555 – Sell tail (24 Jun) 23593 – 5-day VAH (18-24 Jun) 23622 – Sell Tail (21 Jun) 23667 – ATH (21 Jun) 23714 – 1 ATR (Buy tail 23338) 23766 – Weekly 2 IB |
| Down |
| 23536 – 5-day POC (18-24 Jun) 23492 – 5-day VAL (18-24 Jun) 23454 – Ext Handle (24 Jun) 23418 – B TPO h/b (24 Jun) 23383 – Buy Tail (24 Jun) 23338 – Buy Tail (14 Jun) |
Hypos for 26th June – 23721 [ 23754 / 23562 ] – Neutral Extreme
| Up |
| 23733 – Sell tail (25 Jun) 23766 – Weekly 2 IB 23827 – Weekly ATR (FA 23206) 23862 – 1 ATR (23492) 23903 – 1 ATR (VPOC 23533) 23950 – Weekly ATR |
| Down |
| 23710 – Ext Handle (25 Jun) 23657 – 25 Jun Halfback 23618 – Ext Handle (25 Jun) 23562 – FA (25 Jun) 23533 – VPOC (24 Jun) 23492 – 5-day VAL (18-24 Jun) |
Hypos for 27th June – 23868 [ 23890 / 23670 ] – Trend Day
| Up |
| 23887 – Sell tail (26 Jun) 23938 – 1 ATR (FA 23562) 23974 – Weekly 3 IB 24030 – 1 ATR (FA 23664) 24085 – 24138 – 1 ATR (WPOC 23538) |
| Down |
| 23844 – POC (26 Jun) 23799 – E TPO h/b (26 Jun) 23751 – Ext Handle (26 Jun) 23700 – B TPO h/b (26 Jun) 23657 – 25 Jun Halfback 23618 – Ext Handle (25 Jun) |
Hypos for 28th June – 24044 [ 24087 / 23805 ] – Normal Variation
| Up |
| 24049 – Sell tail (27 Jun) 24087 – Spike high (27 Jun) 24138 – 1 ATR (WPOC 23538) 24169 – 1 ATR (yPOC 23950) 24228 – 1 ATR (SOC 24009) 24263 – 1 ATR (24044) |
| Down |
| 24036 – Spike low (27 Jun) 23983 – SOC (27 Jun) 23913 – PBL (27 Jun) 23879 – D TPO h/b (27 Jun) 23834 – Buy Tail (27 Jun) 23799 – E TPO h/b (26 Jun) |
BankNifty Spot: 51661 [ 51957 / 49900 ]
Monday – Holiday
Tuesday – 50441 [ 50562 / 49900 ] – Trend Day
Wednesday – 51398 [ 51957 / 50441 ] – Trend Day
Thursday – 51783 [ 51842 / 51281 ] – Neutral
Friday – 51661 [ 51927 / 51224 ] – Normal Variation
BankNifty gave a move away from previous week’s balance with back to back Trend Days to the upside along with couple of A period singles from 50068 to 49900 & 50594 to 50441 on Tuesday & Wednesday respectively as it went on to record new ATH of 51957 but left a small responsive selling tail marking the end of the imbalance and closed the week with a 2-day balance on Thursday & Friday with the latter leaving an initiative selling tail from 51797 to 51934. This week’s profile is an elongated 2057 point range one with completely higher Value at 51087-51439-51879 and resembles a composite ‘p’ shape so can consolidate further in the coming days.
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Hypos for 24th June – 51664 [ 51934 / 51225 ] – Normal Variation
| Up |
| 51684 – 2-day VAH (20-21 Jun) 51797 – Sell Tail (21 Jun) 51957 – Swing High (19 Jun) 52058 – 1 ATR (SOC 50951) 52241 – 1 ATR (VPOC 51136) 52392 – 1 ATR (FA 51281) |
| Down |
| 51596 – M TPO h/b (21 jUN) 51439 – Weekly POC 51281 – PBL (21 Jun) 51136 – VPOC (19 Jun) 51031 – PBL (19 Jun) 50951 – SOC (19 Jun) |
Hypos for 25th June – 51704 [ 51784 / 51139 ] Double Distribution
| Up |
| 51727 – M TPO h/b (24 Jun)00 51884 – Sell Tail (19 Jun) 51957 – Swing High (19 Jun) 52062 – 1 ATR (SOC 50951) 52247 – 1 ATR (VPOC 51136) 52392 – 1 ATR (FA 51281) |
| Down |
| 51662 – L TPO h/b (24 Jun) 51506 – D TPO h/b (24 Jun) 51394 – Ext Handle (24 Jun) 51259 – B TPO h/b (24 Jun) 51136 – VPOC (19 Jun) 51031 – PBL (19 Jun) |
Hypos for 26th June – 52606 [ 52746 / 51747 ] – Trend Day
| Up |
| 52669 – Sell tail (25 Jun) 52746 – ATH 52855 – 1 ATR (PDL 51747) 52970 – 1 ATR (51862) 53074 – Weekly 3 IB 53196 – PWR |
| Down |
| 52585 – L TPO h/b (25 Jun) 52457 – PBL (25 Jun) 52275 – G TPO h/b (25 Jun) 52188 – Ext Handle (25 Jun) 52071 – POC (25 Jun) 51957 – Daily Ext Handle |
Hypos for 27th June – 52870 [ 52988 / 52373 ] – Normal Variation
| Up |
| 52879 – POC (26 Jun) 52970 – 1 ATR (51862) 53074 – Weekly 3 IB 53196 – PWR 53357 – 1 ATR (52249) 53491 – 1 ATR (52383) |
| Down |
| 52797 – M TPO h/b (26 Jun) 52680 – 26 Jun H/B 52543 – SOC (26 Jun) 52398 – Buy Tail (26 Jun) 52275 – G TPO h/b (25 Jun) 52188 – Ext Handle (25 Jun) |
Hypos for 28th June – 52811 [ 53180 / 52639 ] – Normal
| Up |
| 52849 – POC (27 Jun) 52964 – PBH (27 Jun) 53074 – Weekly 3 IB 53196 – PWR 53357 – 1 ATR (52249) 53491 – 1 ATR (52383) |
| Down |
| 52753 – VAL (27 Jun) 52668 – Buy Tail (27 Jun) 52543 – SOC (26 Jun) 52398 – Buy Tail (26 Jun) 52275 – G TPO h/b (25 Jun) 52188 – Ext Handle (25 Jun) |