Evening MarketProfile report dated 12th June

Most of the auction of Tuesday in the Nifty was a repeat of the auction of Monday including the volume drop from 10835. But what changed was the response from 10810F which ensured an auction close at near-term supply. From such a close, we shift focus to the A period where a drive on volume can change things. But if that does not come about then the Nifty could continue meeting selling on these probes. The BankNifty finished as an inside day today. A normal and a normal variation day should set up a trending move in the BankNifty next.

A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-fo-the-week-dated-11th-june-to-15th-june-spot-prices/

It is the same MarketProfile view working for a 1- 5 day period on the Nifty and the BankNifty spot without worrying about the movement of the premium which is a sticky issue now.

Nifty June F:

 

Nf Compo1 11 Evening Marketprofile Report Dated 12Th June Auction Market Theory, Banknifty Future, Nifty Future, Orderflow

 

 

  • The NF Open was an Open drive up to test supply
  • The day type was a Normal variation  day
  • Largest volume was traded at 10825 F today
  • Vwap of the session was at 10819 with volumes of 73.5 L in a session which traded a High-Low range of 10849-10780  for 73 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 auction has moved into a new bracket between 10660 on the lower side and 10840 higher
  • An 8-day mini composite range is 10750- 10550F.
  • Immediate support lower at 10660 F for now.
  • The second layer of Support lower at 10570 F now
  • Overcoming supply at 10840 can push the index higher to 10923 again.

Daily Zones:

  • Value zones ( volume profile)  are at 10841-10825-10810  for tomorrow

 

Plan :

a) Continuation above 10845F likely to target 10870 and 10890-95

b) 10825 should produce buying if it dips

c) below 10801 the Nifty confirms weakness and can drop to 10778 and 10733

 

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

 

BNF June F:

 

Bnf Compo1 10 Evening Marketprofile Report Dated 12Th June Auction Market Theory, Banknifty Future, Nifty Future, Orderflow

 

  • The BNF Open was an Open drive lower which failed
  • The Day type was a Normal Variation day
  • Vwap of the day was at 26553  with Volumes of 30.9 L and a High – Low of 26648-26451  for a range of 197 points.
  • Largest Volume was traded at 26567 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

Daily Zones:

  • Value zones ( volume profile)  are at 26600-25657-26495  for tomorrow

 

Plan :

a) Holding above 26570  BNF can rise to 26700

b)some selling expected around 26700 F

c) the zone around 26700- 760 F has potential to flip the auction around, watch OrderFlow here.

 

 

 

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