Nifty May F: 23019 [ 23090 / 22953 ]
| Open Type |
|---|
| OA (Open Auction) |
| Volumes of 17,345 contracts |
| Initial Balance |
|---|
| 87 points (23040 – 22953) |
| Volumes of 56,261 contracts |
| Day Type |
|---|
| Normal Variation – 137 pts |
| Volumes of 2,19,961 contracts |
NF got back to balance mode with an Open Auction start on low volumes wtih the probe above PDH not getting any fresh demand triggering a probe lower in the B period as it made a low of 22953 and remained in the IB range for the first half of the day before making couple of REs (Range Extension) in the H & K TPOs completing the 1.5 IB mark of 23083 while making a high of 23090.
The volumes however remained below average indicating only locals being in play and this triggered a swipe lower in the L period down to 22984 before closing the day around the VWAP of 23019 leaving ovarlapping Value and a good chance of moving away from here in the next session.
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Daily Zones
- Largest volume (POC) was traded at 23013 F and VWAP of the session was at 23019
- Value zones (volume profile) are at 22970-23013-23039
- NF has immediate support at AVWAP of 22916 from Trend Day from 23/05
- NF has next support at AVWAP of 22611 from Swing Low of 22154 from 16/05
- NF has swing support at AVWAP of 22475 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. This FA has not been tagged hence is a postional swing support
- HVNs are at 22638 / 22778 (** 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 27th May 2024
| Up |
| 23019 – VWAP (24 May) 26063 – K TPO POC (24 May) 23100 – 2 ATR (VPOC 22625) 23154 – 2 SD AVWAP (23 May) 23202 – Weekly 2 IB |
| Down |
| 23013 – POC (24 May) 22953 – PDL 22916 – AVWAP (23 May) 22861 – TD VWAP (23 May) 22816 – Ext Handle (23 May) |
BankNifty May F: 49045 [ 49116 / 48702 ]
| Open Type |
|---|
| OA (Open Auction) |
| Volumes of 16,581 contracts |
| Initial Balance |
|---|
| 313 points (49018 – 48705) |
| Volumes of 57,264 contracts |
| Day Type |
|---|
| Neutral Extreme – 414 pts |
| Volumes of 1,46,710 contracts |
BNF also made an Open Auction start with the probe above PDH stalling right below the weekly VPOC of 49051 (02-08 May) forcing a move down back into previous range in search of buyers as it broke below yPOC of 48838 and went on to make lower lows of 48705 in the B period which was followed by a miniscule C side extension to 48702 which was swiftly rejected.
The auction then got into coil mode staying inside the D TPO range till the G period before making higher highs in the H followed by couple of REs confirming a FA (Failed Auction) at lows as it went on to make a look up above 49051 but could only manage similar highs of 49115 displaying exhaustion and promptly giving a pull back to day’s VWAP before closing well above the IBH leaving a Neutral Extreme Day with poor lows & poor highs.
Click here to view the latest profile in BNF on Vtrender Charts
Daily Zones
- Largest volume (POC) was traded at 48858 F and VWAP of the session was at 48904
- Value zones (volume profile) are at 48768-48858-49011
- BNF has immediate support at AVWAP of 48696 from Trend Day of 23/05
- BNF has immediate support at AVWAP of 48393 from Swing Low of 47611 from 22/05
- BNF has immediate support at AVWAP of 48117 from Swing Low of 47200 from 13/05
- BNF confirmed a FA at 47200 on 13/04 and almost completed the 2 ATR objective of 48425 on 21/05. This FA has not been tagged and is now a positional Swing support .
- HVNs are at 47910 / 48637 / 49555 (** 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 27th May 2024
| Up |
| 49054 – HVN (24 May) 49180 – G TPO h/b (06 May) 49318 – D TPO h/b (06 May) 49448 – C TPO tail (03 May) 49577 – Selling Tail (03 May) |
| Down |
| 49017 – IBH (24 May) 48904 – VWAP (24 May) 48802 – Weekly IBH 48702 – FA (24 May) 48560 – TD VWAP (23 May) |
You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.