Nifty Aug F: 24929 [ 25016 / 24850 ]
| Open Type |
|---|
| OAIR (Open Auction) |
| Volumes of 23,428 contracts |
| Initial Balance |
|---|
| 98 points (24948 – 24850) |
| Volumes of 45,874 contracts |
| Day Type |
|---|
| Normal Variation – 166 pts |
| Volumes of 2,11,184 contracts |
NF remained in previous day’s Neutral profile as both buyers & sellers defended their respective zones forming an Inside Day and leaving a 2-day balance with a close around the composite POC of 24927 and could give a move away from here in the coming session(s) provided one of the parties give way
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Daily Zones
- Largest volume (POC) was traded at 24928 F and VWAP of the session was at 24950
- Value zones (volume profile) are at 24912-24928-24992
- HVNs are at NA** (** denotes series POC)
Weekly Zones
Monthly Zones
- The settlement day Roll Over point (Aug 2024) is 24460
- The VWAP & POC of Jul 2024 Series is 24443 & 24338 respectively
- The VWAP & POC of Jun 2024 Series is 23247 & 23535 respectively
- The VWAP & POC of May 2024 Series is 22462 & 22479 respectively
Business Areas for 31st Jul 2024
| Up |
| 24950 – VWAP (30 Jul) 24999 – 2-day VAH (29-30 Jul) 25053 – F TPO POC (29 Jul) 25106 – 1 ATR (POC 24859) 25150 – Weekly ATR 25219 – 1 ATR (WPOC 24522) |
| Down |
| 24906 – 2-day VAL (29-30 Jul) 24850 – PDL 24792 – Ext Handle (26 Jul) 24748 – TD VWAP (26 Jul) 24696 – 26 Jul Halfback 24637 – Ext Handle (26 Jul) |
BankNifty Jul F: 51520 [ 51938 / 51226 ]
| Open Type |
|---|
| OAIR (Open Auction) |
| Volumes of 9,073 contracts |
| Initial Balance |
|---|
| 348 points (51575 – 51226) |
| Volumes of 25,832 contracts |
| Day Type |
|---|
| Normal Variation – 711 pts |
| Volumes of 1,18,698 contracts |
BNF opened with a look down below previous low tagging the VPOC of 51230 but got no fresh sell side volumes triggering a move back into previous day’s range & value as it almost went on to tag the SOC of 51958 while making a high of 51938 but once again found supply coming back forcing a drop down to 51429 into the close leaving a nice 2-day balance with Value at 51345-51640-51835 and will need to show initiative volumes at either end for a move away
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Daily Zones
- Largest volume (POC) was traded at 51473 F and VWAP of the session was at 51614
- Value zones (volume profile) are at 51429-51473-51777
- HVNs are at 52392** / 52653 / 53089 (** denotes series POC)
Weekly Zones
- Weekly Charts can be viewed here
- (18 – 24 Jul) – BNF made an attempt to get into previous week’s selling tail but could only manage to tag 52835 where it confirmed a weekly FA right around the RO point of 52830 indicating that the PLR was to the downside and went on to make a big trending move lower of 1914 points completing the 1 ATR objective of 51140 while making a low of 50921 leaving a Neutral Extreme Down weekly profile with completely overlapping Value at 51739-52273-52816 with the NeuX VWAP of 52008 being the immediate supply point along with the NeuX zone of 52282 which needs to be taken out for more upside in the coming week whereas on the downside, the weekly extension handle of 50700 (13-19 Jun) along with the June series VWAP of 50519 will be the support levels and a break of which could get in the lower VPOC tag of 50269
- (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 31st Jul 2024
| Up |
| 51588 – L TPO VWAP (30 Jul) 51721 – SOC (30 Jul) 51835 – 2-day VAH (29-30 Jul) 51958 – SOC (29 Jul) 52064 – D TPO h/b (29 Jul) 52157 – SOC (29 Jul) |
| Down |
| 51473 – POC (30 Jul) 51345 – 2-day VAL (29-30 Jul) 51230 – VPOC (26 Jul) 51113 – Ext Handle (26 Jul) 51004 – HVN (26 Jul) 50873 – D TPO VWAP (26 Jul) |
You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.