Market Profile Analysis dated 28th June

Nifty Jul F:

NF moved away from the yPOC of 11915 at open making a balance for the day with lower Value as it made a range of 88 points with a high-low of 11916-11828 exactly similar to the June NF on the expiry day. NF has closed at the HVN of 11842 which will be the immediate support to hold for a move to 11866 & the pull back high of 11890 before it can test the supply zone of 11907-916. Staying below 11842, NF would turn weak for a probe lower. (Click here to view the profile chart for better understanding)

Nf Compo1 Market Profile Analysis Dated 28Th 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 – Down
  • Largest volume was traded at 11842 F
  • Vwap of the session was at 11867 with volumes of 78.5 L making a range of 88 points as it made a High-Low of 11916-11828
  • The settlement day Roll Over point is 11915
  • The VWAP & POC of Jun Series is 11833 & 11714 respectively.
  • The VWAP & POC of May Series is 11613 & 11696 respectively.
  • The VWAP & POC of Apr Series is 11641 & 11592 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 11833-11842-11874

Hypos / Estimates for the next session:

a) NF needs to sustain above 11842 for a move to 11862-866 & 11890
b) Staying below 11840, the auction could test 11828-811 & 11797
c) Above 11890, NF could probe higher to 11907-916 & 11940
d) Below 11797, lower levels of 11777 & 11754 could be tagged
e) If 11940 is taken out, the auction can rise to 11955-962 & 11976-982
f) Break of 11754 can trigger a move lower to 11736 & 11718-710


BankNifty Jul F:

Bnf Compo1 Market Profile Analysis Dated 28Th 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 got rejected at the yPOC of 31400 at open after opening lower and went on to make a range extension to the downside breaking below PDL as it made lows of 31207 in the ‘D’ period but could not tag the 1.5 IB down and this led to a OTF move to the upside for the next 6 periods as the auction went on to make a range extension to the upside in the ‘J’ period as it made a high of 31422 but was immediately rejected back into the IB. BNF then broke below the IBL again to confirm a FA at 31422 but could only make a low of 31230 before closing around the HVN & dPOC of 31265 leaving a Neutral Centre Day with a nice Gaussian profile and has a very good chance of giving a move away from here in the coming week. (Click here to view the profile chart for better understanding)

  • The BNF Open was a Open Auction In Range (OAIR)
  • The day type was a Neutral Day – Gaussian profile
  • Largest volume was traded yet again at 31265 F
  • Vwap of the session was at 31302 with volumes of 22 L in a session which traded making a High-Low of 31422-31207 making a range of 278 points
  • The settlement day Roll Over point is 31400
  • The VWAP & POC of Jun Series is 30914 & 30961 respectively.
  • The VWAP & POC of May Series 30211 & 28940 respectively
  • The VWAP & POC of Apr Series is 30037 & 29762 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 31255-31265-31340

Hypos / Estimates for the next session:

BNF hypos for next session

a) BNF needs to stay above 31265 for a move higher to 31312 & 31390-422
b) Staying below 31265, the auction can test 31215-205 & 31175
c) Above 31422, BNF can probe higher to 31490-515 & 31580
d) Below 31175 BNF can fall lower to 31071-041 & 30975-953
e) Sustaining above 31580, BNF can give a fresh move uo to 31625-690 & 31740
f) Break of 30950 could trigger a move down 30892-880 & 30827

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