Nifty Jun F:
NF opened with a gap up and drove higher getting into the the selling tail of 17th June (11780 to 11838) as it made a high of 11815 in the ‘A’ period but did not see any follow through in the next 2 periods as the ‘C’ period made a double inside bar with a range of just 10 points which indicated that the auction is making poor trade facilitation in the supply zone. (Click here to view the profile chart for better understanding) NF then made a move above ‘C’ but was immediately rejected as it left a pull back high at 11799 after which it went on to make a big trending move to the downside till the ‘L’ period not only completing the 80% Rule in previous day’s Gaussian profile but also making new lows for the week as NF tagged 11630. The auction left a small tail at lows from 11650 to 11630 before closing at the combination of the dPOC & VWAP of 11725 and has failed to move away from the balance it was making this week in its first attempt. The Value of the 3-day composite now stands at 11678-11722-11765 (check the profile here) and is still looking good for a move away from here.
- The NF Open was a Open Drive (OD) – which failed
- The day type was a Normal Variation Day (Down)
- Largest volume was traded at 11725 F
- Vwap of the session was at 11725 with volumes of 127.9 L making a range of 185 points as it made a High-Low of 11815-11630
- 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 11695-11725-11796
Hypos / Estimates for the next session:
a) NF needs to sustain above 11725 for a probe to 11745-760 & 11790-795
b) Immediate support is at 11700 below which the auction could test 11679-665 & 11645-640
c) Above 11795, NF could probe higher to 11815-820 & 11850
d) Below 11640, lower levels of 11619-612 & 11580 could be tagged
e) Above 11850, the auction can rise to 11871-879 & 11895
f) Break of 11580 can trigger a move lower to 11550 & 11527-516
BankNifty Jun F:
Report to be updated…
BNF has made a nice 3 day balance with Value 30293-30390-30520 (you can check the profile here) and looks set to give a move away from here.
- The BNF Open was a Open Drive (OD) – which failed
- The day type was a Normal Variation Day (Down)
- Largest volume was traded at 30600 F
- Vwap of the session was at 30467 with volumes at 33.4 L in a session which traded a High-Low range of 30663-30214 for a range of 449 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 30401-30600-30657
-
Hypos / Estimates for the next session:
a) BNF has immediate resistance at 30390-410 above which it could rise to 30482-516 & 30575-600
b) Staying below 30360-350, the auction can test 30300 & 30250-210
c) Above 30600, the auction can probe higher to 30656-685 & 30745
d) Below 30210, BNF can fall lower to 30120 & 30085-50
e) Sustaining above 30745, BNF can give a fresh leg up to 30800 & 30865-885
f) Break of 30050 could trigger a move down to 29977-935 & 29880
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://in.explara.com/e/vtrender–trading–room/checkout