A lower open was bought and the Nifty retraced to the VAH of the Profile dated Monday where responsive selling emerged as expected and pushed the index lower by the close. The index is locked and the strategy working is to buy lows and sell the highs.
A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-25th-june-to-29th-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:
- The NF Open was an Open rejection reverse
- The day type was a Normal Variation day
- Largest volume was traded at 10775 F today
- Vwap of the session was at 10766 with volumes of 115.9 L in a session which traded a High-Low range of 10806-10726 for 80 points.
- 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 June series is at 10744 spot
- The POC of June series was at 10812 spot
Weekly Zones :
- Immediate support lower at 10726 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.
- Value zones ( volume profile) are at 10780-10775-10753 for tomorrow
a) auction likely to be flat between 10740 and 10793
b) Watch for responsive buying at 10740
c) watch for responsive sellers at 10795
d) If 10797 is crossed then a test of 10820 and 10829 likely
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:
- The BNF Open was an Open rejection
- The Day type was a Normal Variation day
- Vwap of the day was at 26603 with Volumes of 30.2 L and a High – Low of 26709-26485 for a range of 224 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 June series is at 26533 spot with POC of 26544
Weekly Zones :
- The 26470 and the 26260 zone have repeatedly shown demand
- The old seller at 26800 is still very active.
- Value zones ( volume profile) are at 26680-26600-26560 for tomorrow
a) auction likely to be flat between 26500 and 26700. Buy low and sell highs on OrderFlow confirmation
b) watch for selling on a spike to 26760 if 26700 is crossed
c) below 26440 sellers assume more control and can drive it to 26330.
For tradeable ideas on these hypos and to check the OrderFlow Live visit the trading room.