Market Profile Analysis dated 21st June

Nifty Jun F:

NF opened in the spike close (11807 to 11863) of yesterday but could not probe above PDH and as happens most of the times after a Trend Day, the auction consolidated making an inside bar on the daily with Value also contracting & staying inside the previous day’s Value. (Click here to view the profile chart for better understanding) NF has a 2 day overlapping POC around 11755 and has closed at the same so needs to stay above it in the coming week for an upside probe to test the supply zone of 11795-820. Sustaining below 11755, NF would remain weak for a test of 11712-665.

Nf Compo1 14 Market Profile Analysis Dated 21St 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 11755 F
  • Vwap of the session was at 11785 with volumes of 91.5 L making a range of 116 points as it made a High-Low of 11843-11726
  • 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 11736-11755-11798

Hypos / Estimates for the next session:

a) NF needs to stay above 11755-760 for a move to 11780 & 11795-805
b) Staying below 11755 the auction could test 11739-730 & 11712-703
c) Above 11805, NF could probe higher to 11820-849 & 11868
d) Below 11703, lower levels of 11684-665 & 11645-640 could be tagged
e) Above 11868, the auction can rise to 11884-895 & 11910-922
f) Break of 11640 can trigger a move lower to 11619-612 & 11580


BankNifty Jun F:

Bnf Compo1 15 Market Profile Analysis Dated 21St 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 made an OAIR start and could not sustain above previous day’s HVN of 30770 at open after which it made a probe lower making a low of 30515 getting rejected as it entered the Value of the weekly composite it was forming leaving a Gaussian profile for the day with a prominent POC at 30650. (Click here to view the profile chart for better understanding) The range for the day was just 265 points which is the lowest in over a month so BNF looks set to give a good move away from here in the coming week.

  • The BNF Open was a Open Auction In Range (OAIR)
  • The day type was a Normal Variation Day (Down)
  • Largest volume was traded at 30650 F
  • Vwap of the session was at 30642 with volumes at 26.5 L in a session which traded a High-Low range of 30780-30515 for a range of just 265 points which is the lowest in the last month.
  • 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 30592-30650-30696

Hypos / Estimates for the next session:

a) BNF needs to sustain above 30650-660 for a move to 30725-745 & 30795-825
b) Staying below 30640, the auction can test 30590-550 & 30510-470
c) Above 30825, the auction can probe higher to 30878-885 & 30920
d) Below 30470, BNF can fall lower to 30405-395 & 30350-320
e) Sustaining above 30920, BNF can give a fresh leg up to 30990-31010 & 31060-90
f) Break of 30320 could trigger a move down 30275-210 & 30120

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