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Nifty May F: 24553 [ 24630 / 24471 ]
Open Type |
|---|
OAIR (Open Auction) |
Volumes of 14,519 contracts |
Below Average
Initial Balance |
|---|
24605 - 24471 (135 points) |
Volumes of 24,471 contracts |
Below Average
Day Type |
|---|
24630 - 24471 (159 points) Normal ('p' shape) |
Volumes of 76,211 contracts |
Below Average
NF opened higher and got above previous VWAP triggering a probe higher towards the SOC (Scene Of Crime) of 24652 from 02nd May but was abruplty halted in the C side extension to 24630 after which it remained in a narrow range forming an inside day with overlapping to higher value.
The auction has left an initiative buying tail from 24510 to 24471 which will be the support going forward and will need volumes above the POC of 24567 to continue higher towards 24652 & Swing High of 24718 in the coming session.
Click here to view the latest profile in NF on Vtrender Charts
Largest volume (POC) was traded at 24567 F and VWAP of the session was at 24550
Value zones (volume profile) are at 24512-24567-24588
HVNs are at NA** (** denotes series POC)
Weekly Charts can be viewed here
(25-30 Apr) - The weekly profile is a Normal Variation one to the upside which tested previous week's buying tail but took support just above a prior VPOC of 23952 while making a low of 23975 and went on to swipe through previous week's range making new highs of 24718 but left a selling tail. Value was also completely overlapping at 24195-24458-24488 with the VWAP being at 24324
(21-24 Apr) - NF has formed a composite 'p' shape profile on the weekly with completely higher Value at 24279-24315-24289 with a buying tail from 24090 to 23980 which will be the support zone as the new series develops
The settlement day Roll Over point (May 2025) is 24378
The VWAP & POC of Apr 2025 Series is 23417 & 24334 respectively
The VWAP & POC of Mar 2025 Series is 22991 & 22491 respectively
The VWAP & POC of Feb 2025 Series is 22982 & 22900 respectively
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow)
Up |
|---|
24567 - POC (05 May) 24601 - IBH (05 May) 24652 - SOC (02 May) 24718 - Swing High (02 May) 24760 - 1 ATR (24500) 24827 - 1 ATR (yPOC 24567) |
Down |
|---|
24550 - VWAP (05 May) 24500 - A TPO POC (05 May) 24458 - Weekly POC 24388 - VPOC (02 May) 24334 - Apr POC 24295 - Buy Tail (28 Apr) |
BankNifty Apr F: 55080 [ 55448 / 54915 ]
Open Type |
|---|
OA (Open Auction) |
Volumes of 8,025 contracts |
Below Average |
Initial Balance |
|---|
55448 - 55011 (437 points) |
Volumes of 16,867 contracts |
Below Average |
Day Type |
|---|
55448 - 54915 (533 points) Normal ('b' shape) |
Volumes of 41,732 contracts |
Average |
BNF opened lower and the attempt tp orbe higher stalled right below VWAP of 55465 as it made a high of 55448 and left an A period tail indicating that the sellers were in control as they pushed it down to 55011 in the IB (Initial Balance) but failed to extend much in the attempts it made as got some demand coming back at the AVWAP of 54936.
The auction formed a 'b' shape profile and a Normal Day with overlapping to lower Value and will remain weak below today's POC & VWAP for a test of the lower VPOC at 54661 if supply comes in at 54935.
Click here to view the latest profile in BNF on Vtrender Charts
Largest volume (POC) was traded at 55088 F and VWAP of the session was at 55124
Value zones (volume profile) are at 55023-55088-55225
HVNs are at NA** (** denotes series POC)
Weekly Charts can be viewed here
The settlement day Roll Over point (May 2025) is 55348
The VWAP & POC of Apr 2025 Series is 52845 & 55353 respectively
The VWAP & POC of Mar 2025 Series is 49563 & 48335 respectively
The VWAP & POC of Feb 2025 Series is 49361 & 49290 respectively
(These are the actionable levels to watch out where we can initiate fresh trades based on getting further confirmation from the OrderFlow)
Up |
|---|
to be updated... |
Down |
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to be updated... |
You can check the monthly charts & other swing levels for both Nifty & BankNifty here & for the weekly charts & analysis, please click here.
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