9th Jun 2020

NF had a strong gap-up opening around 10300, but got sharply rejected towards YVAH. Reliance, ICICI, HDFC - all the heavy weights are weak and drove down NF.

NF still hasn't broke YPOC (10107), which is an important level for further downside towards 10,000 zone.

Opening for both NF and BNF was OAOR, the day ended as a Normal Variation down day.

NF VAs

VAH - 10318 
POC - 10267
VAL - 10172

BNF VAs

VAH - 21540
POC - 21204
VAL - 20874

  • If NF opens inside YVA below YPOC, price might balance for a while. Any rejection around 10245 / 10270 zone, price might drive down towards Y.Low and break of 10107, price can still further drive down towards 10020 / 10000 zone. If YPOC is broken upside with momentum, price can go towards Y.high and break of 9320 zone, price can further drive up towards 10400 / 10420 zone
  • NF has Singles around 10245 and 10213 zone. 
  • BNF has singles around 21447 and 21285 zone
  • ViX spiked up towards 30. closed around 29.65 (up 3.3%)
  • Ref Levels for today in NF are 10275 and 10318 on the upside, 10100 and 10020 on the downside
  • Ref Levels for today in BNF are 21550 and 21775 on the upside, 20765 and 20500 on the downside.



Comments

Post a Comment

Popular posts from this blog

30th Aug 2021 - Nifty / BankNifty Weekly Analysis

Image
 Hello Everyone, It has been so long that I posted my analysis here for Nifty and Banknifty. It is time for me to step up and do at least a Weekly and Monthly analysis on both indices and some stocks from time to time. I really miss posting some of my views and I have been busy with my investments, trades, and of course work. Terrific highest weekly closing. Relentless move without any significant down moves, which indicates strength. Large-caps have been moving for the last 3 weeks and the broader market hasn't been performing great. Noticeable sector rotation going on. Underperformance in Pharma, Auto, Banks, Realty and outperformance in Capital goods, IT, FMCG. Cement and OMCs look like going to step up for the next rally. Let's dive into the  Weekly Analysis for Nifty  using Market profile and price action, Last two weeks, Nifty has formed a very strong base of around 16400. That is where the single prints from the Week of 9th August acted as strong support. Refer to ...
Read more

04th May 2020 - Weekly and Daily Analysis

Image
Monthly Value Areas: NF VAs VAH - 9372  POC - 9012 VAL - 8810 BNF VAs VAH - 20562 POC - 19542 VAL - 18684 Weekly Analysis: NF VAs VAH - 9587  POC - 9305 VAL - 9232 BNF VAs VAH - 21426 POC - 20118 VAL - 19692 Week of 27th Apr 2020 was strong and NF closed at highs. BNF was strong. Broke some important zones like 9530, 9610 and closed around 9860 levels. 9910 levels are important for bulls to touch 10455 levels which is the next VPOC from 8th March 2020.  The gap-up open will act as Singles which are around 9760 - 9580. Any break below 9580, price might test 9375 levels and if momentum is high, can test weekly POC at 9305 zone. The last support for bulls as per weekly profile is at 9270, any break below 9270, can trigger a sharp down move towards 9050 zone.  ViX was constantly declining around 5% everyday until Thursday, where it recovered till 33 and closed slightly positive.  NF Weekly Profile ...
Read more

10th Jan 2020

Image
@ 9.00 AM NF closed at 12271 NF VAs VAH - 12273 POC - 12234 VAL - 12223 Hypo - 1 - If price opens above YVAH, it might drive up to test 12320 / 12330 zone Hypo - 2 - If price opens inside YVA, it might balance for a while, it might test the 'C' single prints and then bounce up to test 12300 / 12320 zone. Hypo - 3 - If price opens below YVAL, it might test the single prints at 12210 and it breaks with momentum, it might drive down to test 12110 / 12100 zone. Side Notes: 1) 12285 zone is a small resistance zone, price must break above this with momentum. 2) ViX was down 10%, closed at 14. 3) "C" period Single prints between 12220 and 12200. 4) price might do lot of balancing moves today, due to low ViX.
Read more