Evening report trade dated 14th June

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For the second straight day, we saw old business covering long positions on price mark-ups in the OrderFlow. Data shows that most of the new business added in June contract ( read longs) has moved out and ahead of 2 major events participants are seen trimming and adjusting inventory. Profile wise we have been inside a small 60 point range away from the 2-week trading bracket and with a POC now at 8110 levels. A trending move is to follow.

 

NIFTY June F: 

Nf_compo1

 

Weekly levels: We have done a review on weekly charts at:http://vtrender.com/nifty-bn-weekly-view-spot-for-13th-june-17th-june/

 

Background / Previous Auctions :

#) The NF was a Normal day with but dominated again by long liquidation at the highs

#) vwap of the session was at 8109  with volumes of 120.3 L in a session which traded an 8138-8076 range of 62 points

#) Day POC was at 8121

#) Volume was at the  average of the past 5 sessions.

#) Auction has moved away from the 2-week old bracket and looks set to auction a new 8020- 8180 kind of range.

#) We are seeing a prominent POC develop at 8110 levels

#) The 2 vwaps of the 2 trend days are at 8020 and at 7903 respectively 

#) Value areas are at  8123-8121-8103– for the session tomorrow. For using value areas effectively visit:http://vtrender.com/popular-market-profile-trading-setups/

#) Discl – When we mention Buyers/ Sellers we point to and infer aggressive players.

 

 

BankNifty June F:

BNF_compo

 

Weekly levels: We have done a review on weekly charts at:  http://vtrender.com/nifty-bn-weekly-view-spot-for-13th-june-17th-june/

 

Background/ Previous Auctions :

 

#) The BNF was a Normal day 

#) vwap of the session was at 17587 with volumes of 26.7 L in a session which traded a 17695-17527 range of 168 points

#) day POC was at 17585 levels 

#) The 2 vwaps of the 2 trend days are at 17127 and 16865 respectively

#) Auction is not getting demand at higher levels and is a profile of long liquidation but selling is still missing

#) Value areas are at 17611-17585-17543 for bias. For using value areas effectively visit: http://vtrender.com/popular-market-profile-trading-setups/

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