The first day of the new series of June was a balanced profile in the NF and the BNF which closed at the lows and near the POC of the previous session. There was evidence of responsive buying at the close.
Nifty June F:
- The NF Open was an OAOR
- The day type was a Normal variation day
- Largest volume was traded at 10710 F today
- Vwap of the session was at 10705 with volumes of 82.4 L in a session which traded a High-Low range of 10744-10670 for 74 points.
Monthly Zones:
- The vwap of the May series is at 10669 spot and the POC is at 10736.
- The settlement day rollover volume point is at 10692 F and 10705 F.
- The vwap of April series was at 10419 spot
- The POC of April series was at 10556 spot
- The settlement day rollover volume point of April series was at 10632-10603 F.
Weekly Zones :
- The 10746 F zone is supply for the week.
- Immediate support lower at 10575F for now.
- The second layer of Support lower at 10520 F now
- Overcoming supply at 10746 can push the index higher to 10923 again.
Daily Zones:
- Value zones ( volume profile) are at 10728-10710-10685 for tomorrow
Plan :
a) Keep a positive bias above 10710 for 10733 and 10760.
b) weakness confirms below 10660 for 10633-10623
c) 10705- 10675 looks like a chop zone.
For tradeable ideas on these hypos and to check the OrderFlow live visit the trading room.
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BNF June F:
- The BNF Open was an Open auction
- The Day type was a Normal Variation day
- Vwap of the day was at 26728 with Volumes of 41.1 L and a High – Low of 26887-26620 for a range of 267 points.
- Largest Volume was traded at 26702 F today
Monthly Zones :
- The vwap of May series is at 26091 spot with POC of 25744
- The settlement day rollover volume point is at 26750-26770 F.
- The vwap of Apr series was at 25010 spot with POC of 25050
- The settlement day rollover volume point of April was at 25035 F.
Weekly Zones :
- Immediate supply for BNF is at 26770 F
- If it sustains above this can push to 27000 and 27300 F again
- the 26450F zone can produce responsive buying efforts on aby dips
- the 26370 F zone is also a support
Daily Zones:
- Value zones ( volume profile) are at 26760-26700-26047 for tomorrow
Plan :
a) supply can be seen near 26780- 26790 F zone
b) the zone around 26650 has shown responsive buying.
c) watch for an auction either between 26520 to 26700 or 26700 to 26820 for Monday
For tradeable ideas on these hypos and to check the OrderFlow Live visit the trading room.
If not a Trading Room member you can get immediate access at – https://in.explara.com/e/vtrender–trading–room/checkout