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Nifty May F: 24431 [ 24576 / 24410 ]
Open Type |
|---|
OAIR (Open Auction) |
Volumes of 6,193 contracts |
Poor
Initial Balance |
|---|
24576 - 24467 (110 points) |
Volumes of 18,093 contracts |
Below Average
Day Type |
|---|
24576 - 24410 (167 points) Normal Variation |
Volumes of 65,193 contracts |
Below Average
NF opened in previous Value but got rejected from yPOC of 24567 leaving an initiative selling tail and probing lower breaking below previous low and making marginal REs before closing in a mini spike as it tested the HVN of 24410 from 02nd May.
Spike rules will be in play and the PLR will remain to the downside with the AVWAPs of 24355 & 24255 from 16th & 07th Apr as probable support levels which can bring back some demand.
Click here to view the latest profile in NF on Vtrender Charts
Largest volume (POC) was traded at 24473 F and VWAP of the session was at 24473
Value zones (volume profile) are at 24435-24473-24502
HVNs are at 24448 (** 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 |
|---|
24450 - HVN (06 May) 24507 - Ext Handle (06 May) 24567 - POC (05 May) 24601 - IBH (05 May) 24652 - SOC (02 May) 24718 - Swing High (02 May) |
Down |
|---|
24410 - Spike low (06 May) 24355 - AVWAP (16 Apr) 24295 - Buy Tail (28 Apr) 24255 - AVWAP (07 Apr) 24218 - IB Tail mid (28 Apr) 24166 - POC (25 Apr) |
BankNifty Apr F: 54363 [ 55205 / 54267 ]
Open Type |
|---|
ORR (Open Rejection Reverse) |
Volumes of 4,805 contracts |
Below Average |
Initial Balance |
|---|
55205 - 54751 (455 points) |
Volumes of 13,051 contracts |
Below Average |
Day Type |
|---|
55205 - 54267 (939 points) Normal Variation |
Volumes of 45,488 contracts |
Below Average |
BNF tested previous day's halfback and got swiflty rejected confirming an ORR down all be it on low volumes and went on to break the AVWAP level of 54935 promplty giving a probe lower not just to the first VPOC of 54661 but went on to tag the lower one from 17th Apr too as it closed in a spike from 54555 to 54267.
Spike rules will be in play as the auction looks to test the buy side references of the 17th Apr profile
Click here to view the latest profile in BNF on Vtrender Charts
Largest volume (POC) was traded at 54692 F and VWAP of the session was at 54664
Value zones (volume profile) are at 54313-54692-54750
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 |
|---|
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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