Evening report trade dated 15th June

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We got the expected trending move today but it was not on the lines of the auction forming below 2-week bracket lows. Early in the session we saw an open auction between the 2 day old balance and the 2 week balance but late afternoon a spike took the auction cleanly into the old balance and near the HVN of 8244 F. The close was in imbalance and 8244 is the ref line for the continuation of the auction seen late afternoon.

 

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 Trend day with an upward move away from the 2-day balance and into the previous 2-week old bracket.

#) vwap of the session was at 8166  with volumes of 116.3 L in a session which traded an 8232-8130 range of 102 points

#) Day POC was at 8218

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

#) Auction has moved back into the 2-week old bracket and at close was resting near the HVN.

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

#) Value areas are at  8231-8218-8150– 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 Trend day

#) vwap of the session was at 17718 with volumes of 34.9 L in a session which traded a 17906-17593 range of 313 points

#) day POC was at 17704 levels 

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

#) Value areas are at 17799-17704-17599 for bias. For using value areas effectively visit: http://vtrender.com/popular-market-profile-trading-setups/

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