Evening MarketProfile report dated 20th June

The Nifty rose higher today and tested the breakdown zone where we noticed no new demand coming to support higher prices. The Banknifty met selling on the higher prices and could be the better short candidate for tomorrow’s settlement.

A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-18th-june-to-22nd-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:

 

Nf Compo1 19 Evening Marketprofile Report Dated 20Th June Auction Market Theory, Marketprofile, Orderflow, Value Area

 

 

  • The NF Open was an Open auction testing supply
  • The day type was a Normal Variation day
  • Largest volume was traded at 10770 F today
  • Vwap of the session was at 10765 with volumes of 83.3 L in a session which traded a High-Low range of 10796-10725  for 71 points.

Monthly Zones:

  • 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 April series was  at 10419 spot
  • The POC of April series was at 10556 spot
  • The settlement day rollover volume point of April series was at 10632-10603 F.

Weekly Zones :

 

  • The auction established a 10873- 10735 range last week with a POC at 10820.
  • Immediate support lower at 10706 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.

Daily Zones:

  • Value zones ( volume profile)  are at 10782-10770-10740  for tomorrow

 

Plan :

a) the 10766 zone is again a support and watch to see if buying comes back again

b) supply higher is known at 10815 and 10838F

 

 

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:

 

Bnf Compo1 18 Evening Marketprofile Report Dated 20Th June Auction Market Theory, Marketprofile, Orderflow, Value Area

 

  • The BNF Open was an Open drive up
  • The Day type was a Normal Variation day
  • Vwap of the day was at 26465  with Volumes of 36.8 L and a High – Low of 26622-26281  for a range of 341 points.
  • Largest Volume was traded at 26597 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 Apr series was at 25010 spot with POC of 25050
  • The settlement day rollover volume point of April was at 25035 F.

 

Weekly Zones :

  • The BNF weekly is a triple Inside week.
  • Immediate supply for BNF is at 26770 F
  • If it sustains above this can push to 27000 and 27300 F again

Daily Zones:

  • Value zones ( volume profile)  are at 26612-26597-26465 for tomorrow

 

Plan :

a) The 26360 zone is the new support

b) supply firm ay 26670

 

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