Market Profile Analysis dated 26th June

Nifty Jun F:

Yesterday’s report ended with this line ‘The zone of 11770-740 will act as important support for this week’s expiry’ and today NF opened lower testing this zone as it made a low of 11767 and probed higher in the ‘A’ period as it made new highs for the week at 11840. The next 2 periods were double inside bars as the auction was not able to stay above PDH and the ‘D’ period saw an inventory adjustment move as NF probed lower making lows of 11795 taking support at that HVN (High Volume Node) (Click here to view the profile chart for better understanding) NF then continued to balance forming a ‘p’ profile for the day and even made an attempt to extend the range to the upside in the ‘G’ period as it made a high of 11852 but was not able to sustain and gave a dip below VWAP in the ‘I’ period to leave a pull back low of 11816 to continue shaping the ‘p’ profile. As the Value forming was higher along with a buying tail at lows (11795 to 11767), the PLR was firmly to the upside & this resulted in a spike close as the auction left an extension handle at 11852 in the ‘K’ period and went on to make new highs in the ‘L’ period as it tagged 11890 completing the 1.5 IB range extension for the day leaving a Normal Variation Day. NF could tag the vPOCs of 11919 & 11976 if stays above 11850 in the coming session(s).

Nf Compo1 17 Market Profile Analysis Dated 26Th 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 Auction In Range (OAIR)
  • The day type was a Normal Variation Day (Up)
  • Largest volume was traded at 11823 F
  • Vwap of the session was at 11833 with volumes of 110.1 L making a range of 123 points as it made a High-Low of 11834-11666
  • 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 11809-11823-11851

Hypos / Estimates for the next session:

a) NF has immediate resistance at 11870 above which it can do 11890-895 & 11910-918
b) Immediate support is at 11855-850 below which the auction could test 11823-816 & 11795
c) Above 11918, NF could probe higher to 11932-945 & 11960
d) Below 11795, lower levels of 11770-765 & 11740 could be tagged
e) If 11960 is taken out & sustained, the auction can rise to 11979 & 11998-12005
f) Break of 11740 can trigger a move lower to 11725-715


BankNifty Jun F:

Bnf Compo1 18 Market Profile Analysis Dated 26Th 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 opened lower but was immediately rejected as it made almost an OL (Open=Low) start at 30790-779 and went on to probe above PDH (Previous Day High) in the ‘A’ period making a high of 30996. (Click here to view the profile chart for better understanding) The auction made a similar high in the ‘B’ period indicating that the probe to the upside is exhausted hence needs a look down lower to check for new buyers and that dip came in the ‘D’ period as BNF made a pull back low of 30860 after which it resumed the probe to the upside making a range extension higher in the ‘G’ period after which it consolidated above the IBH (Initial Balance High). The ‘I’ period saw a successful test of the IBH plus VWAP as BNF left a higher pull back low of 30973 and this set up for a fresh range extension into the close as the ‘K’ & ‘L’ period trended higher leaving an extension handle at 31089 to make highs of 31209 almost tagging the 2 IB move up. Spike Rules will come into play for the next session and the spike reference is from 31089 to 31209.

  • The BNF Open was a Open Auction In Range (OAIR)
  • The day type was a Normal Variation Day (Up)
  • Largest volume was traded yet again at 30950 F
  • Vwap of the session was at 31012 with volumes of 24.2L in a session which traded making a High-Low of 31209-30779 making a range of 430 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 30892-30950-31096

Hypos / Estimates for the next session:

a) BNF needs to stay above 31195-199 for a move higher to 31240 & 31290-316
b) Staying below 31170, the auction can test 31112 / 31089-60 & 31010
c) Above 31316, BNF can probe higher to 31368-410 & 31480-511
d) Below 31010, BNF can fall lower to 30973-950 & 30892-860
e) Sustaining above 31511, BNF can give a fresh move uo to 31555 & 31618-650
f) Break of 30860 could trigger a move down 30780-768 & 30722-700

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