Nifty May F: 22287 [ 22375 / 22211 ]
| Open Type |
|---|
| OA (Open Auction) |
| Volumes of 16,522 contracts |
| Initial Balance |
|---|
| 142 points (22374 – 22233) |
| Volumes of 72,643 contracts |
| Day Type |
|---|
| Normal (‘b’ shape) – 164 pts |
| Volumes of 2,17,207 contracts |
NF made an OA start on poor volumes as it probed above PDH but lack of fresh demand in this selling tail from 09th May brought back the supply triggering a swipe through previous Value in the B period followed by the dreaded C side extension to 22211.
Typical of the C side behaviour, the auction then made a probe back to day’s VWAP even negating the extension handle of 22315 but got rejected around the AVWAP from 03rd May leaving a PBH at 22333 and formed a balance for the rest of the day leaving a ‘b’ shape profile with completely inside Value and a close around the prominent POC of 22279 looking good for a move away in the next session.
Click here to view the latest profile in NF on Vtrender Charts
Daily Zones
- Largest volume (POC) was traded at 22279 F and VWAP of the session was at 22282
- Value zones (volume profile) are at 22225-22279-22309
- NF has immediate supply point at AVWAP of 22335 from Swing High of 22888 from 03/05
- NF has immediate support at AVWAP of 22189 from Swing Low of 21900 from 13/05
- NF confirmed a FA at 21900 on 13/04 and completed the 2 ATR objective of 22343 on 14/05.
- 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 16th May 2024
| Up |
| 22293 – 15-May Halfback 22327 – D TPO POC (15 May) 22363 – D TPO POC (15 May) 22390 – VPOC (08 May) 22453 – I TPO VWAP (08 May) |
| Down |
| 22279 – POC (15 May) 22230 – Weekly IBL 22189 – AVWAP (13-May) 22140 – Ext Handle (13 May) 22101 – H TPO VWAP (13 May) |
BankNifty May F: 47910 [ 48145 / 47731 ]
| Open Type |
|---|
| OAIR (Open Auction In Range) |
| Volumes of 10,845 contracts |
| Initial Balance |
|---|
| 270 points (48145 – 47875) |
| Volumes of 35,047 contracts |
| Day Type |
|---|
| Normal Variation (‘b’) – 414 pts |
| Volumes of 1,31,852 contracts |
BNF made an OAIR start making a look up above previous Value but could not sustain resulting in the 80% Rule in previous balance as it left an extension handle at 48001 and went on to make multiple REs (Range Extension) lower testing 13th May’s buying extension handle of 47775 while making a low of 47731 stopping just short of that day’s J TPO POC of 47724 indicating demand coming back.
The auction then made a small retracement back to day’s VWAP & POC into the close leaving an ideal ‘b’ shape profile with completely lower Value but on the higher timeframe has formed a Gaussian Curve on the weekly profile with weekly Value at 47676-47910-48120 with a close right at the prominent POC so is expected to get back into imbalance mode for the new settlement starting from tomorrow.
Click here to view the latest profile in BNF on Vtrender Charts
Daily Zones
- Largest volume (POC) was traded at 47910 F and VWAP of the session was at 47906
- Value zones (volume profile) are at 47785-47910-47938
- BNF has immediate supply point at AVWAP of 48532 from Swing High of 49927 from 30/04
- BNF has immediate support at AVWAP of 47817 from Swing Low of 47200 from 13/05
- BNF confirmed a FA at 47200 on 13/04 and completed the 1 ATR objective of 47813 on the same day. The 2 ATR target comes to 48425.
- 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 16th May 2024
| Up |
| 47910 – POC (15 May) 48001 – Ext Handle (15 May) 48164 – HVN (14 May 48300 – Sell Tail (09 May) 48416 – VPOC (07 May) |
| Down |
| 47900 – M TPO POC (15 May) 47796 – J TPO POC (15 May) 47628 – NeuX VWAP (13 May) 47524 – I TPO POC (13 May) 47383 – PBL (13 May) |
You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.