Nifty Jun F: 23543 [ 23565 / 23335 ]
| Open Type |
|---|
| OAOR (Open Auction) |
| Volumes of 32,040 contracts |
| Initial Balance |
|---|
| 110 points (23445 – 23335) |
| Volumes of 76,665 contracts |
| Day Type |
|---|
| Double Distribution – 230 pts |
| Volumes of 2,59,606 contracts |
NF opened lower making an attempt to move away from the 4-day composite even breaking below the Swing Low of 23350 from 14th Jun but took support at 23335 and left a small but important A period buying tail to get back into the composite and went on to almost tag the POC of 23571 while making a high of 23565 leaving a Double Distribution Trend Day Up.
The value however was once again overlapping so we now have a 5-day Gaussian Curve with the composite value at 23477-23546-23597 and the failure of the downside probe today can lead to one test of the highs of the composite with the FA point of 23669 in the coming session(s).
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Daily Zones
- Largest volume (POC) was traded at 23542 F and VWAP of the session was at 23481
- Value zones (volume profile) are at 23510-23542-23565
- NF has confirmed a FA at 23669 on 19/06 and the 1 ATR objective on the downside comes to 23302
- HVNs are at 21960 / 22745 / 23398** (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (14-20 Jun) – NF has formed a Normal Variation weekly profile in a narrow range of 319 points with completely higher Value at 23463-23572-23598 with the VWAP at 23525 and has couple of HVNs at 23456 & 23572 so needs a move away from one of them on initiative volumes in the coming week for a imbalance in that direction
- (07-13 Jun) – NF has formed a composite ‘p’ shape profile for the week with completely higher value at 23248-23998-23435 and has closed around the POC which will be the opening reference for the new settlement with VWAP of 23291 being an important support
- (31 May-06 Jun) – to be updated…
Monthly Zones
- The settlement day Roll Over point (June 2024) is 22645
- The VWAP & POC of May 2024 Series is 22462 & 22479 respectively
- The VWAP & POC of Apr 2024 Series is 22402 & 22457 respectively
- The VWAP & POC of Mar 2024 Series is 22168 & 22001 respectively
Business Areas for 25th Jun 2024
| Up |
| 23546 – 5-day POC (18-24 Jun) 23597 – 5-day VAH (18-20 Jun) 23669 – Failed Auction (19 Jun) 23715 – 1 ATR (Buy tail 23338) 23775 – 1 ATR (4-day POC 23398) 23810 – |
| Down |
| 23530 – HVN (24 Jun) 23481 – VWAP (24 Jun) 23445 – Ext Handle (24 Jun) 23405 – B TPO VWAP (24 Jun) 23365 – Buy Tail (24 Jun) 23291 – Weekly VWAP (07-13 Jun) |
BankNifty Jun F: 51751 [ 51865 / 51150 ]
| Open Type |
|---|
| OA (Open Auction) |
| Volumes of 20,687 contracts |
| Initial Balance |
|---|
| 300 points (51450 – 51150) |
| Volumes of 45,174 contracts |
| Day Type |
|---|
| Double Distribution – 715 pts |
| Volumes of 1,55,814 contracts |
to be updated…
Click here to view the latest profile in BNF on Vtrender Charts
Daily Zones
- Largest volume (POC) was traded at 51719 F and VWAP of the session was at 51545
- Value zones (volume profile) are at 51369-51719-51840
- HVNs are at 49110 / 49931** (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (13-19 Jun) – BNF started the week continuing the balance it had been forming previously for the first 2 days building a prominent POC at 50025 and gave a move away signaling the start of a fresh imbalance over the next 2 sessions forming a Triple Distribution Trend Up profile with overlapping to higher Value at 49750-50025-50650 with the important VWAP at 50671 and the 2 extension handles at 50449 & 51197 respectively.
- (23-29 May) – BNF has formed a Normal Variation weekly profile getting rejected from previous week’s POC of 49110 forming overlapping to higher Value at 49611-49931-50236 with a close around the prominent POC so can give a move away from here in the coming week
Monthly Zones
- The settlement day Roll Over point (June 2024) is 49047
- The VWAP & POC of May 2024 Series is 48300 & 47726 respectively
- The VWAP & POC of Apr 2024 Series is 47971 & 47994 respectively
- The VWAP & POC of Mar 2024 Series is 47051 & 47300 respectively
Business Areas for 25th Jun 2024
| Up |
| 51778 – 3-day VAH (20-24 Jun) 51885 – Swing High (19 Jun) 52041 – 1 ATR (SOC 50946) 52179 – 1 ATR (VPOC 51084) 52363 – 1 ATR (SOC 51268) 52442 – PWR |
| Down |
| 51719 – POC (24 Jun) 51545 – VWAP (24 Jun) 51442 – C TPO VWAP 51300 – HVN (24 Jun) 51166 – Buy Tail (24 Jun) 51084 – VPOC (19 Jun) |
You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.