Levels and Plan for 25th June

A spike in the closing hour took the market swiftly through yesterday’s balance and from the highs to the lows through the value in a technical intra day sell. At the close besides the spike, we had a neutral extreme day and a smaller  auction which was unfinished in its agenda.

 

In the Paras below you will find my daily plan for the day at the bottom with weekly support and resistance levels updated on the spot  . We function with  a view on  different timeframes and seek an edge by understanding the interplay.. Auction Market Theory tells us where to trade. The Order Flow will show us when to trade.

 

Nifty June F

 

Nf_Compo1

 

 

 

 

Background / Previous Auctions :

 

 

Weekly levels  : We have done a review on weekly charts at : http://vtrender.com/nifty-bn-weekly-view-spot-for-22-26-june15/

 

 

 

Observations in Today’s/ Previous  sessions :

 

(based on Fut prices)

 

#) NF profile of today tried to probe higher above previous day highs but was met with a seller who pushed it down to previous day lows.

#) vwap of the day was at 8391 with volume of 116.5 L  (Less than the Previous session)

#) Profile of today shows anomaly at 8368

#) In keeping with the template view of 02/06 we auctioned to the base of the single prints of that profile at 02/06

#) the auction showed signs of exhaustion as it tried to climb higher today and left poor highs at 8418.

 

 

 

#) Value areas are at 8416-8408-8384  – for the session tomorrow. For using value areas effectively visit : http://vtrender.com/popular-market-profile-trading-setups/

#) Discl – When we mention Buyers/ Sellers we point to and infer aggressive players.

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#) Selling tail on 02/06 from 8436

#) The profile of 01/06 has a small selling tail at 8484 F just near the POC of 22/05.

 

 

 

 

Hypothesis  :

 

( Based on June Futures) 

 

K.R.A is 8365 ( K.R.A= key reference area)

 

Hypo 1) If NF auctions above 8365 it can move to 8399 and 8443 .  Sl for this view is 8332.

 

Hypo 2) If NF auctions below 8328  then it can move to 8301 and 8268.  Sl for this view 8369

 

 

 

 

 

 

 

 

 

 

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BankNifty June F :

 

 

Bnf_Compo

 

 

 

Background/ Previous Auctions :

 

 

Weekly levels :

For Banknifty we have updated a spot auction view with a chart at :   http://vtrender.com/nifty-bn-weekly-view-spot-for-22-26-june15/

 

The Banknifty view is in the above link below the Nifty view.

 

 

Observations in Today’s/ Previous  sessions :

 

(based on Fut prices)

 

#) The BNF profile operated mostly in the range of yesterday

#) vwap was at 18401 with volumes of 29.4 L (Less than the previous session)

#) Profile met selling at 18490 for the second straight day

#) Value areas are at 18472-18440-18368  for bias. . For using value areas effectively visit : http://vtrender.com/popular-market-profile-trading-setups/

 

 

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#) Selling tail on 02/06 from 18774

 

 

 

Hypothesis  :

 

( Based on Futures) 

 

K.R.A is 18376 ( K.R.A= key reference area)

 

Hypo1 ) If BNF auctions above 18376  then it should attempt to move to 18446 and 18620   Sl for this view is 18301.

 

Hypo 2 ) If BNF auctions below 18242  then it can drop to 18151 and 18095  . Sl for this view is 18376.