Nifty Spot: 24010 [ 24174 / 23350 ]
Monday – 23538 [ 23558 / 23350 ] – Double Distribution (Up)
Tuesday – 23721 [ 23754 / 23562 ] – Neutral Extreme (Up)
Wednesday – 23868 [ 23890 / 23670 ] – Trend Day (Up)
Thursday – 24044 [ 24087 / 23805 ] – Normal Variation (Up)
Friday – 24010 [ 24174 / 23985 ] – Normal Variation (Down)
Nifty opened the week with an attempt to move away from previous balance to the downside with a lower open on Monday but took support just above the weekly VPOC of 23332 (10th-14th Jun 2024) while making a low of 23350 and got back into the weekly Value tagging the ultra-prominent POC 23538 and was further fuelled by a FA (Failed Auction) on Tuesday at 23562 triggering a trending move higher for the rest of the week as it completed the 1 ATR objective of 23938 on Thursday and looked set for the 2 ATR target of 24314 as it made a high of 24174 on Friday before closing the week at 24010 leaving a Trend Up profile in a above average range of 824 points with each day forming higher value than the previous one.
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Hypos for 01st July – 24010 [ 24174 / 23985 ] – Normal Variation
| Up |
| 24013 – M TPO high (28 Jun) 24079 – 28 Jun Halfback 24118 – POC (28 Jun) 24171 – Sell Tail (28 Jun) 24226 – 1 ATR (24013) |
| Down |
| 23999 – M TPO h/b (28 Jun) 23950 – VPOC (27 Jun) 23887 – PBL (27 Jun) 23834 – Buy Tail (27 Jun) 23780 – 26 Jun Halfback |
Hypos for 02nd July – 24142 [ 24164 / 23992 ] – Normal Variation
| Up |
| 24144 – L TPO h/b (01 Jul) 24174 – Swing High (28 Jun) 24226 – 1 ATR (24037) 24267 – 1 ATR (24078) 24329 – 1 ATR (yPOC 24140) |
| Down |
| 24140 – POC (01 Jul) 24099 – PBL (01 Jul) 24037 – A TPO POC 23992 – Weekly IBL 23950 – VPOC (27 Jun) |
Hypos for 03rd July – 24123 [ 24236 / 24056 ] – Normal (‘b’ shape)
| Up |
| 24146 – 02 Jul Halfback 24190 – Sell Tail (02 Jul) 24236 – PDH 24263 – 1 ATR (24074) 24327 – 1 ATR (yPOC 24138) |
| Down |
| 24110 – PBL (02 Jul) 24074 – 3-day VAL (28Jun-02Jul) 24037 – A TPO POC (01 Jul) 23992 – Weekly IBL 23950 – VPOC (27 Jun) |
Hypos for 04th July – 24286 [ 24309 / 24207 ] – Normal (‘p’shape)
| Up |
| 24295 – M TPO h/b 24330 – 1 ATR (24146) 24374 – 1 ATR (24190) 24413 – 1 ATR (24229) 24465 – 1 ATR (yPOC 24281) 24498 – 1 ATR (PDH) |
| Down |
| 24281 – POC (03 Jul) 24229 – Buy Tail (03 Jul) 24190 – SOC (02 Jul) 24146 – 02 Jul H/B 24110 – PBL (02 Jul) 24075 – 3-day VAL (28Jun-02Jul) |
Hypos for 05th July – 24302 [ 24401 / 24281 ] – Normal Variation
| Up |
| 24311 – M TPO high 24341 – 04 Jul H/B 24372 – SOC (04 Jul) 24411 – 1 ATR (24229) 24463 – 1 ATR (VPOC 24281) 24517 – 1 ATR (yPOC 24335) |
| Down |
| 24281 – VPOC (03 Jul) 24229 – Buy Tail (03 Jul) 24190 – SOC (02 Jul) 24146 – 02 Jul H/B 24110 – PBL (02 Jul) 24075 – 3-day VAL (28Jun-02Jul) |
BankNifty Spot: 52342 [ 53180 / 51139 ]
Monday – 51704 [ 51784 / 51139 ] Double Distribution (Up)
Tuesday – 52606 [ 52746 / 51747 ] – Trend Day (Up)
Wednesday – 52870 [ 52988 / 52373 ] – Normal Variation (Up)
Thursday – 52811 [ 53180 / 52639 ] – Normal
Friday – 52342 [ 53030 / 52242 ] – Trend Day (Down)
BankNifty opened the week below previous POC of 51439 and made an attempt to probe lower but took support right above the extension handle & 19th Jun’s VPOC of 51136 as it made a low of 51139 and formed reversed the PLR to the upside forming a Double Distribution Trend Day Up on Monday and followed it up with an initiative buying tail on Tuesday moving away from previous week’s Value forging a Trend Day Up of 999 points leaving a VPOC at 52071 and hitting new ATH of 52746. The auction continued to make higher highs on Wednesday & Thursday as it tagged 53180 but for the first time in the week failed to make a RE forming a nice Gaussian Curve signalling the end of the upmove as more confirmation came in form of a Trend Day Down on Friday as it dropped back lower to 52242 leaving a 3-day balance to close the week leaving yet another composite ‘p’ shape with the POC at 52904 and completely higher Value at 52358-52904-53125.
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Hypos for 01st July – 52342 [ 53030 / 52242 ] – Trend Day
| Up |
| 52407 – Ext Handle (28 Jun) 52620 – 3-day VAL (26-28 Jun) 52784 – SOC (28 Jun) 52904 – Weekly POC 53013 – 3-day VAH (26-28 Jun) 53136 – Sell tail (27 Jun) |
| Down |
| 52279 – Buy tail (28 Jun) 52188 – Ext Handle (25 Jun) 52071 – VPOC (25 Jun) 51957 – Daily Ext Handle 51784 – Ext Handle (25 Jun) 51635 – VPOC (24 Jun) |
Hypos for 02nd July – 52574 [ 52656 / 52166 ] Normal (p shape)
| Up |
| 52621 – VAH (01 Jul) 52784 – SOC (28 Jun) 52904 – Weekly POC 53013 – 3-day VAH (26-28 Jun) 53136 – Sell tail (27 Jun) 53220 – 1 ATR (yPOC 52558) |
| Down |
| 52558 – POC (01 Jul) 52448 – VAL (01 Jul) 52338 – Buy Tail )01 Jul) 52252 – IB tail mid 52071 – VPOC (25 Jun) 51957 – Daily Ext Handle |
Hypos for 03rd July – 52168 [ 52828 / 51996 ] – Normal (b shape)
| Up |
| 52166 – Weekly IBL 52251 – PBH (02 Jul) 52412 – Sell Tail (02 Jul) 52558 – POC (01 Jul) 52656 – 01 Jul high 52828 – PDH |
| Down |
| 52160 – POC (02 Jul) 52057 – Buy tail (02 Jul) 51957 – Daily Ext Handle 51784 – Ext Handle (25 Jun) 51635 – VPOC (24 Jun) 51460 – 24 Jun H/B |
Hypos for 04th July – 53089 [ 53256 / 52482 ] – Normal (p shape)
| Up |
| 53111 – Weekly 2 IB 53256 – ATH (03 Jul) 53422 – 1 ATR (52724) 53620 – 1 ATR (WFA 51996) 53782 – 1 ATR (yPOC 53084) |
| Down |
| 53054 – VAL (03 Jul) 52879 – 03 Jul Halfback 52724 – IB tail mid (03 Jul) 52558 – POC (01 Jul) 52412 – 02 Jul Halfback |
Hypos for 05th July – 3103 [ 53357 / 52816 ] – Normal Variation (b shape)
| Up |
| 53123 – M TPO high 53256 – Jul Sell tail 53357 – ATH (04 Jul) 53422 – 1 ATR (52724) 53620 – 1 ATR (WFA 51996) 53798 – 1 ATR (2D_POC 53100) |
| Down |
| 53100 – 2-day POC (03-04 Jul) 52989 – 2-day VAL (03-04 Jul) 52863 – Buy tail (04 Jul) 52724 – IB tail mid (03 Jul) 52558 – POC (01 Jul) 52412 – 02 Jul Halfback |