Evening MarketProfile report dated 21st June

We had mentioned about the No demand was seen in yesterday’s profile and that the move showed active sellers selling the highs. The NF retraced the full move of Wednesday and the BNF also dropped down to yesterday’s microbalance.

A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-18th-june-to-22nd-june/

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 20 Evening Marketprofile Report Dated 21St June Auction Market Theory, Marketprofile

 

 

  • The NF Open was an Open rejection
  • The day type was a Normal Variation day
  • Largest volume was traded at 10770 F today
  • Vwap of the session was at 10765 with volumes of 76.1 L in a session which traded a High-Low range of 10805-10716  for 89 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 established a 10873- 10735 range last week with a POC at 10820.
  • Immediate support lower at 10706 F for now.
  • The second layer of Support lower at 10640 F now
  • Overcoming supply at 10840 can push the index higher to 10923 again.

Daily Zones:

  • Value zones ( volume profile)  are at 10803-10770-10743  for tomorrow

 

Plan :

a) the 10766 zone broken today again and is again a supply point

b) support still exists at 10705 and 10685 below .

 

 

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 19 Evening Marketprofile Report Dated 21St June Auction Market Theory, Marketprofile

 

  • The BNF Open was an Open Rejection reverse
  • The Day type was a Normal Variation day
  • Vwap of the day was at 26556  with Volumes of 35.8 L and a High – Low of 26677-26418  for a range of 260 points.
  • Largest Volume was traded at 26600 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 :

  • The BNF weekly is a triple Inside week.
  • 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 26647-26600-26515 for tomorrow

 

Plan :

a) The 26360 zone is the new support

b) supply can be seen coming at 26550 and 26610 higher

 

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