Market Profile Analysis dated 18th June

Nifty Jun F:

NF gave a hat-trick of OTD (Open Test Drive) down again on lower volumes as it opened at the HVN of 11700 and made a probe higher getting rejected from just below the yPOC of 11736 and went on to break below PDL (Previous Day Low) as it tagged 11678 in the A period. The drive down however failed as the auction got back into the previous day’s range & then above VWAP in the ‘B’ period as it went on to tag the yPOC making a high of 11739 in the IB (Initial Balance) (Click here to view the profile chart for better understanding) NF then consolidated for the next 3 periods inside the range of ‘B’ before making multiple range extensions in the ‘F’, ‘G’ & ‘H’ periods but could only make a high of 11752 which was a mere 13 points from the IBH indicating that the auction is struggling as there is no new demand coming in above the previous day’s Trend Day VWAP and this led to a big liquidation break as NF retraced the entire upmove in the ‘I’ period as it made a low of 11688. The ‘J’ period then made an inside bar as it got above VWAP and the ‘K’ period started with a probe higher but again got rejected as it left a pull back high of 11749 and this rejection led to a bigger move down as NF fell by almost 90 points to make new lows for the day at 11657 in the ‘L’ period where the auction was rejected even more swiftly indicating that the downside probe could be done as NF climed back above the IBL to close around the dPOC of 11708 to leave a Neutral Centre Day with a nice Gaussian profile along with a tail at lows. NF has also made a nice 2 day balance with Value 11687-11736-11746 (you can check the profile here) with tails at both ends so has a good chance of giving a move away from here in the next session(s).

Nf Compo1 11 Market Profile Analysis Dated 18Th June Banknifty Futures, Charts, Day Trading, Intraday Trading, Intraday Trading Strategies, Market Profile, Market Profile Trading Strategies, Nifty Futures, Order Flow Analysis, Support And Resistance, Technical Analysis, Trading Strategies, Volume Profile Trading

  • The NF Open was a Open Test Drive (OTD) – Down (which failed)
  • The day type was a Neutral Day (Gaussian Profile)
  • Largest volume was traded at 11708 F
  • Vwap of the session was at 11713 with volumes of 100.2 L making a range of 95 points as it made a High-Low of 11752-11657
  • The settlement day Roll Over point is 11980
  • The VWAP & POC of May Series is 11613 & 11696 respectively.
  • The VWAP & POC of Apr Series is 11641 & 11592 respectively.
  • The VWAP & POC of Mar Series is 11327 & 11448 respectively.

You can check the monthly charts & other swing levels for Nifty & NF here & for the weekly charts & analysis, please click here.

Daily Zones:

    • Value zones (volume profile) are at 11699-11708-11743

Hypos / Estimates for the next session:

a) NF needs to get above 11730-733 for a probe to 11750-755 & 11770-785
b) Immediate support is at 11678-670 below which the auction could test 11640 & 11619-612
c) Above 11785, NF could probe higher to 11800 & 11820-830
d) Below 11610, lower levels of 11580 & 11562-550 could be tagged
e) Above 11830, the auction can rise to 11850 & 11871-879
f) Break of 11550 can trigger a move lower to 11527-516 & 11490-486


BankNifty Jun F:

Bnf Compo1 11 Market Profile Analysis Dated 18Th June Banknifty Futures, Charts, Day Trading, Intraday Trading, Intraday Trading Strategies, Market Profile, Market Profile Trading Strategies, Nifty Futures, Order Flow Analysis, Support And Resistance, Technical Analysis, Trading Strategies, Volume Profile Trading

BNF also gave a OTD (down) start as it got rejected from above the yPOC and broke below PDL repairing the poor lows it left yesterday to make a low of 30256 in the ‘A’ period but again as happened in NF, the drive down failed as the auction got back into previous day’s VAL & then above VWAP consolidating for the next 3 periods staying in the range of ‘A’ but contracting at the same time. (Click here to view the profile chart for better understanding) The auction then completed the 80% Rule in previous day’s Value in the ‘E’ period & went on to make a range extension to the upside following it up with 2 more extension higher in the ‘G’ & ‘H’ period as BNF tagged yesterday’s pull back high and the selling tail but did not find any acceptance after which it made a narrow inside bar in the ‘H period indicating that market is not finding good trade facilitation at highs. This led to a inventory adjustment move down in the ‘I’ period as BNF fell by 250 points completing the reverse 80% Rule to the downside after which it made an inside bar in the ‘J’ period which marked the third instance of the 80% Rule. The auction then made an attempt to probe higher in the ‘K’ period but got rejected at 30535 and this led to a bigger fall of more than 300 points as BNF made new lows for the day at 30200 in the ‘L’ period breaking below the IBL and confirming a Neutral Day. The close was however higher in the high volume zone of 30320-30400 as BNF has made a nice 2 day balance with Value 30293-30391-30473 (you can check the profile here) and looks set to give a move away from here.

  • The BNF Open was a Open Test Drive (OTD) – Down (which failed)
  • The day type was a Neutral Day
  • Largest volume was traded at 30400 F
  • Vwap of the session was at 30405 with volumes at 34.7 L in a session which traded a High-Low range of 30584-30200 for a range of 384 points.
  • The settlement day Roll Over point is 31644
  • The VWAP & POC of May Series 30211 & 28940 respectively
  • The VWAP & POC of Apr Series is 30037 & 29762 respectively.
  • The VWAP & POC of Mar Series is 29061 & 29778 respectively.

For the Monthly charts & other swing levels for BankNifty & BNF click here & for the weekly charts & analysis, please click here.

Daily Zones:

      • Value zones (volume profile) are at 30278-30400-30478

Hypos / Estimates for the next session:

a) BNF has immediate resistance at 30384-399 above which it could rise to 30450-475 & 30550-568
b) Staying below 30300, the auction can test 30255-210 & 30120
c) Above 30570, the auction can probe higher to 30615-685 & 30745
d) Below 30120, BNF can fall lower to 30085-50 & 29977-935
e) Sustaining above 30745, BNF can give a fresh leg up to 30800 & 30920
f) Break of 29935 could trigger a move down to 29880 & 29832-825

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