Nifty Jul F: 24621 [ 24640 / 24543 ]
| Open Type |
|---|
| OAIR (Open Auction) |
| Volumes of 12,114 contracts |
| Initial Balance |
|---|
| 49 points (24655 – 24606) |
| Volumes of 29,707 contracts |
| Day Type |
|---|
| Normal Variation – 81 pts |
| Volumes of 1,30,886 contracts |
NF made another low volume Open Auction start and left a buying tail in the Initial Balance (IB) as it made new ATH of 24655 which was followed by a C side extension to 24688. The auction however could not extend any further indicating exhaustion on the upside triggering a slow probe lower for the rest of the day even breaking below VWAP as it tested the morning singles leaving a narrow 81 point range profile with one of the lowest volumes of the year clearly showing poor trade facilitation at these new highs and needs some initiative volumes in the coming session(s) for a fresh imbalance to begin.
Click here to view the latest profile in NF on Vtrender Charts
Daily Zones
- Largest volume (POC) was traded at 24638 F and VWAP of the session was at 24650
- Value zones (volume profile) are at 24621-24638-24666
- 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 18th Jul 2024
| Up |
| 24650 – VWAP (16 Jul) 24684 – Sell tail (16 Jul) 24722 – 1 ATR (PDL 24543) 24761 – 1 ATR (H/B 24591) 24804 – Weekly 2 IB 24862 – 2 ATR (VPOC 24522) |
| Down |
| 24638 – POC (16 Jul) 24600 – VWAP (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 10,475 contracts |
| Initial Balance |
|---|
| 272 points (52719 – 52448) |
| Volumes of 31,845 contracts |
| Day Type |
|---|
| Normal – 272 pts |
| Volumes of 85,953 contracts |
BNF has formed an ultra narrow 272 point range Double Inside bar stalling on the upside right at previous day’s selling tail of 52713 and broke below the POC of 52627 with an initiative selling tail as it negated the extension handle of 52548 falling by another 100 points in the IB. However there was no further extension as the auction coiled for the rest of the day leaving a ‘b’ shape profile and a 3-day balance with Value at 52418-52548-52700 with the VWAP at 52522 and will look to move away from this zone in the coming session(s)
Click here to view the latest profile in BNF on Vtrender Charts
Daily Zones
- Largest volume (POC) was traded at 52548 F and VWAP of the session was at 52552
- Value zones (volume profile) are at 52491-52548-52590
- HVNs are at 52634** / 53089 (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (11 – 16 Jul) – BNF has formed a composite ‘p’ shape normal variation profile for the week with completely inside value at 52320-52548-52668 with the VWAP at 52420 and has a responsive selling tail at top from 52721 to 52847 which will be the zone to take out for more upside in the coming week
- (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 18th Jul 2024
| Up |
| 52548 – 3-day POC (12-16 Jul) 52700 – 3-day VAH (12-16 Jul) 52847 – Swing High (12 Jul) 52955 – PBL (04 Jul) 53053 – 04 Jul Halfback |
| Down |
| 52522 – 3-day VWAP (12-16 Jul) 52418 – 3-day VAL (12-16 Jul) 52254 – J TPO VWAP (11 Jul) 52075 – HVN (11 Jul) 51982 – SOC (11 Jul) |
You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.