Nifty Jul F: 24529 [ 24837 / 24504 ]
| Open Type |
|---|
| OAIR (Open Auction) |
| Volumes of 24,014 contracts |
| Initial Balance |
|---|
| 145 points (24837 – 24692) |
| Volumes of 70,842 contracts |
| Day Type |
|---|
| Trend (Down) – 333 pts |
| Volumes of 3,20,221 contracts |
NF did not give any follow up to the previous session’s NeuX profile and on the opposite left an initiative selling tail at yPOC of 24810 from 24763 to 24837 and followed it with a hat-trick of extension handles at 24735, 24680 & 24590 to make a mirror profile of previous day as it went on to re-visit the FA (Failed Auction) of 24510 while making a low of 24504 but saw the POC shift lower to 24537 into the close indicating some profit booking by the sellers and leaving a Trend Day Down.
Click here to view the latest profile in NF on Vtrender Charts
Daily Zones
- Largest volume (POC) was traded at 24537 F and VWAP of the session was at 24637
- Value zones (volume profile) are at 24505-24537-24633
- NF confirmed a FA at 24510 on 18/07 and completed the 2 ATR objective of 24836 on the same day. This FA was revisited on the 19/07 but closed above it hence is still a valid support level.
- HVNs are at 24201 / 24350** (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (12 – 18 Jul) – NF opened the week taking support at previous VAH of 24385 and left an extension handle at 24476 indicating that the PLR remained to the upside as it made higher highs on all 4 days of the week even leaving a FA at 24504 on the last day before leaving another extension handle at 24699 and closing in a spike from 24746 to 24837 and saw the weekly POC shift higher from 24621 to 24809 hinting at some profit booking by the longs. This week’s Value was completely higher at 24562-24809-24835 with the VWAP at 24620 which will be an important support for the last week
- (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 22nd Jul 2024
| Up |
| 24537 – POC (19 Jul) 24590 – Ext Handle (19 Jul) 24637 – TD VWAP (19 Jul) 24680 – Ext Handle (19 Jul) 24735 – Ext Handle (19 Jul) 24792 – A TPO h/b (19 Jul) |
| Down |
| 24517 – Buy tail (18 Jul) 24476 – Ext Handle (12 Jul) 24430 – SOC (12 Jul) 24389 – Buy Tail (12 Jul) 24339 – VWAP (11 Jul) 24267 – POC (10 Jul) |
BankNifty Jul F: 52270 [ 52640 / 52132 ]
| Open Type |
|---|
| OAIR (Open Auction) |
| Volumes of 19,276 contracts |
| Initial Balance |
|---|
| 298 points (52640 – 52342) |
| Volumes of 42,610 contracts |
| Day Type |
|---|
| Normal Variation – 508 pts |
| Volumes of 1,47,765 contracts |
BNF opened and stayed below previous POC of 52663 and formed a ‘b’ shape kind of a profile as it tested 11th July’s VWAP of 52199 while making a low of 52132 and found some demand coming back as seen in the HVN forming at 52192 which arrested the downside for the day and closed right at the POC of 52270.
On the higher timeframe, the auction has now formed a 5-day composite balance with Value at 52368-52523-52702 and has closed below it so can continue to move lower towards the daily VPOCs of 51842 & 51308 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 52270 F and VWAP of the session was at 52348
- Value zones (volume profile) are at 52226-52270-52435
- HVNs are at 52653** / 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 22nd Jul 2024
| Up |
| 52270 – POC (19 Jul) 52373 – 19 Jul Halfback 52523 – 5-day POC (12-19 Jul) 52663 – VPOC (18 Jul) 52835 – Swing High (18 Jul) 52955 – PBL (04 Jul) |
| Down |
| 52192 – HVN (19 Jul) 52075 – HVN (11 Jul) 51982 – SOC (11 Jul) 51852 – VPOC (24 Jun) 51711 – VWAP (24 Jun) 51558 – C TPO h/b (24 Jun) |
You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.