Nifty Jul F: 24621 [ 24640 / 24543 ]
| Open Type |
|---|
| OAIR (Open Auction) |
| Volumes of 16,688 contracts |
| Initial Balance |
|---|
| 57 points (24602 – 24543) |
| Volumes of 41,910 contracts |
| Day Type |
|---|
| Normal Variation – 97 pts |
| Volumes of 1,33,595 contracts |
NF made an OAIR start on low volumes but remained above previous POC of 24522 leaving poor lows at 24543 and made marginal REs to the upside hitting new ATH of 24640 forming a ‘p’ shape kind of a profile on the daily with a close near the prominent POC of 24622 which will be the reference for the next open as Value was mostly higher.
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Daily Zones
- Largest volume (POC) was traded at 24622 F and VWAP of the session was at 24600
- Value zones (volume profile) are at 24579-24622-24639
- HVNs are at 24201 / 24350** (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (05 – 11 Jul) – NF has formed a narrow range balance & a Neutral Centre weekly profile taking support just above previous week’s prominent POC of 24201 filling up the upper half with the Value at 24256-24353-24385 while the VWAP is at 24348
- (28 Jun – 04 Jul) – NF has formed a Neutral Extreme profile to the upside leaving a FA at lows of 24082 which will be the swing reference for this series and has formed mostly higher Value at 24084-24201-24329 with this week’s VWAP at 24251 which will be the important support level going forward
Monthly Zones
- The settlement day Roll Over point (July 2024) is 24110
- The VWAP & POC of Jun 2024 Series is 23247 & 23535 respectively
- The VWAP & POC of May 2024 Series is 22462 & 22479 respectively
- The VWAP & POC of Apr 2024 Series is 22402 & 22457 respectively
Business Areas for 16th Jul 2024
| Up |
| 24622 – POC (15 Jul) 24671 – Monthly 2 IB 24722 – 1 ATR (PDL 24543) 24761 – 1 ATR (H/B 24591) 24804 – Weekly 2 IB |
| Down |
| 24605 – PBL (15 Jul) 24564 – B TPO POC (15 Jul) 24522 – VPOC (12 Jul) 24476 – Ext Handle (12 Jul) 24430 – SOC (12 Jul) |
BankNifty Jun F: 52630 [ 52721 / 52238 ]
| Open Type |
|---|
| OAIR (Open Auction) |
| Volumes of 12,983 contracts |
| Initial Balance |
|---|
| 276 points (52514 – 52238) |
| Volumes of 38,312 contracts |
| Day Type |
|---|
| Normal Variation – 483 pts |
| Volumes of 1,39,760 contracts |
BNF made a look down below previous lows but got rejected triggering a short covering move as it took out the HVN of 52557 with an extension handle at 52548 and tested the higher one of 52704 while making a high of 52721 forming an inside bar and will need to take out 12th Jul’s selling tail for more upside in the coming session.
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Daily Zones
- Largest volume (POC) was traded at 52627 F and VWAP of the session was at 52503
- Value zones (volume profile) are at 52416-52627-52715
- HVNs are at 52634** / 53089 (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (04 – 10 Jul) – BNF opened the week with new ATH of 53301 but could not sustain forming a Normal Variation profile to the downside breaking below the important support of 52793 and tested previous week’s responsive tail as it made a low of 52205 holding just above the buy side level of 52190 leaving a composite ‘b’ shape kind of a profile with mostly lower Value at 52300-52631-52777 with the VWAP at 52622
- (27 Jun -03 Jul) – BNF has formed a Neutral Centre weekly profile taking support at previous week’s VWAP of 52306 where it left a responsive buying tail and went on to make new ATH of 53249 on the last day before closing right at the POC of 53089. This week’s Value was overlapping to higher at 52630-53089-53194 with the VWAP at 52793 which will be an important support for the coming week
Monthly Zones
- The settlement day Roll Over point (July 2024) is 52830
- The VWAP & POC of Jun 2024 Series is 50519 & 49947 respectively
- The VWAP & POC of May 2024 Series is 48300 & 47726 respectively
- The VWAP & POC of Apr 2024 Series is 47971 & 47994 respectively
Business Areas for 16th Jul 2024
| Up |
| 52634 – Jul series POC 52713 – Sell tail (15 Jul) 52847 – Swing High (12 Jul) 52955 – PBL (04 Jul) 53053 – 04 Jul Halfback 53177 – VPOC (04 Jul) |
| Down |
| 52627 – POC (15 Jul) 52548 – Ext Handle (15 Jul) 52417 – H TPO POC (15 Jul) 52315 – HVN (15 Jul) 52254 – J TPO VWAP (11 Jul) 52075 – HVN (11 Jul) |
You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.