Skip to main content
  • 9284331270
  • support@vtrender.com
  • Log In
Vtrender
  • 9284331270
  • support@vtrender.com
  • Log In
  • Home
  • Features
  • Forum
  • Pricing
  • The Vtrender Trading Room Mentorship Program
  • Training Library
  • About Us
  • Market Profile Charts
  • MarketProfile Ecourse
  • Home
  • Features
  • Forum
  • Pricing
  • The Vtrender Trading Room Mentorship Program
  • Training Library
  • About Us
  • Market Profile Charts
  • MarketProfile Ecourse

Weekly Charts (14th to 18th Jun 2021) and Market Profile Analysis

June 20, 2021June 20, 2021 UG Blog

Nifty Spot Weekly Profile (14th to 18th Jun 2021)

15683 [ 15901 / 15450 ]

Previous week’s report ended with this ‘The weekly profile remained in a relatively narrow range of 269 points forming a nice balance in spite of being Neutral Extreme with mostly higher Value at 15684-15726-15786 and could fill up the low volume zone between 15800 to 15730 if fails to sustain above 15800 in the coming week whereas on the upside, the probe towards 15875 & 16008 would be on’

Nifty opened the week with an Open Drive Down on Monday as it formed a huge 185 point range in the ‘A’ period while making a low of 15606 where it left a buying tail to get back into the weekly Value and completed the 80% Rule with a spike higher into the close as it scaled above 15800 to hit 15823 and continued this imbalance with a gap up on Tuesday mounting above the first weekly objective of 15875 in the IB (Initial Balance) but made the dreaded C side extension where it recorded new ATH (All Time High) of 15901 but could not extend any further ending the day with a Gaussian profile in this year’s narrowest daily range of just 59 points indicating poor trade facilitation at these new highs. The auction then made a move away from Tuesday’s prominent POC of 15885 with an initiative selling tail in the IB on Wednesday confirming that the PLR (Path of Least Resistance) on the larger timeframe has turned lower and even made multiple REs (Range Extension) forming a long liquidation ‘b’ shape profile with a prominent POC at 15792 and made a big gap down open of 120 points on Thursday where it took support in the buying tail of Monday in the ‘A’ period and retraced the entire gap but once again made that dreaded C side extension to 15769 and this rejection from previous Value triggered a fresh leg lower resulting in new lows for the day at 15617 in the ‘K’ period but once again got rejected from Monday’s tail to give a Neutral Centre close at 15691. Nifty opened higher on Friday but confrimed an Open Test Drive Down after hitting 15761 and made a big fall of 192 points in the IB where it made new lows for the week at 15570 and continued this trending move over the next 2 periods as it fell by another 120 points to hit new lows for the month at 15450 but the initiative buying zone of 31st May saw a swift reversal happening as a long responsive buying tail got confirmed from 15528 to 15450 triggering a big short covering rise to 15729 into the close.

The weekly profile is a Neutral Centre one with the range as well as Value extending on both sides forming an outside bar with almost overlapping POC at 15717 with Value at 15609-15717-15825. The daily VPOCs of 15792 & 15885 will be the upside references above 15729 in the coming sessions whereas on the downside, Nifty would remain weak below 15676 with the PBL of 15617 being the important support below which the buying tail of 15528 to 15450 could come into play.

Click here to view this week’s auction in Nifty with respect to the previous week on MPLite

Weekly Hypos for Nifty (Spot):

A) Nifty needs a drive above 15729 for a probe to 15792 / 15826 / 15855 / 15885 / 15923 / 15975 / 16008
B) Accepting below 15676 could lead to a test of 15617 / 15566 / 15528 / 15490 / 15439 / 15395 / 15348


NF (Weekly Profile) – 15697 [ 15909 / 15465 ]

Previous week’s report ended with this ‘The weekly profile has formed a nice balance with mostly higher Value at 15706-15802 and has a prominent POC at 15742 which would act as a magnet in the coming week if the FA of 15856 is not negated with the immediate reference being the HVN of 15782 on the downside’

NF opened lower giving a drive away from the HVN of 15782 as it not only swiped through previous week’s Value but made a low of 15630 in the ‘A’ period taking support at the VAH of the 3-day composite (31st May to 2nd Jun) after which it formed a balance bulding volumes at 15728 for the first half of the day but went on leave a buying extension handle at 15785 spiking higher into the close where it tagged 15848 and continued this imbalance with a gap up open on Tuesday as the auction stayed above the FA of 15856 but settled down into an OAOR leaving one of the narrowest daily range of just 55 points over the last 1.5 years as it made new ATH of 15909 forming a Gaussian profile with a prominent POC at 15881. NF then left a small but important selling tail in the IB on Wednesday from 15868 to 15885 and went on to confirm a multi-day FA 15909 as it continued to probe lower completing the 2 IB objective and closed the day with a spike lower forming a ‘b’ shape long liquidation profile for the day with completely lower Value setting up a probe lower towards the VPOCs of 15728 & 15548 over the next few sessions. Thursday saw the third & biggest gap down of the week of 120 points as the auction completed the 2 ATR objective of 15666 from the FA of 15909 and saw some good profit booking by the shorts along with some new buying coming in at this previous demand zone which led to a trending move higher in the IB (Initial Balance) where it made a high of 15744 and made a good C side extension higher tagging 15777 but this attempt to get back into previous day’s range was rejected with the confirmation of yet another tail at top after which the sellers continued to push lower making new lows for the week at 15626 but was swiftly rejected as it left a tail at lows from 15656 to 15626 leaving a Neutral Centre Day with completely lower Value for the second consecutive day indicating that the PLR remained to the downside. NF opened higher on Friday but got rejected from previous day’s selling tail leading to a late Open Test Drive Down as it fell by more than 300 points till the ‘D’ period as it not only tagged the vPOC of 15548 but went on to revisit the positional reference of 15502 (the FA from 2nd Jun) as it made lows of 15465 stopping right at the buying singles from 31st May where the initial demand for this series was seen. The buying re-emerged in this zone as was visible in the long tail at lows from 15533 to 15465 as the auction reversed the probe to the upside scaling above the VWAP after which it negated the extension handle of 15668 and saw a short covering move to 15731 into the close. The weekly profile is a Neutral Centre one with a FA at top and a buying tail at bottom with this week’s Value forming an outside bar at 15618-15720-15843 and the auction could continue to remain in this range for the coming expiry week with a slight bullish bias above 15728 and would remain weak if sustains below 15618.


BankNifty Spot Weekly Profile (14th to 18th Jun 2021)

34558 [ 35380 / 33909 ]

Previous week’s report ended with this ‘The weekly profile was a trending one to the downside with mostly lower Value at 34784-35072-35248 and could continue lower if it sustains below 35059 in the coming week with the VPOC of 34888 & composite VAL of 34637 being the important levels to watch on the downside where as acceptance above the extension handle of 35151 could lead to a test of the selling tail of 35294 to 35344 along with the daily VPOC of 35472 & the weekly FA of 35546′

BankNifty not only opened lower on Monday much below the reference of 35059 but confirmed a Drive Down breaking below previous week’s low and hitting 34374 in the ‘A’ period but saw swift rejection as it left an initiative buying tail in the IB from 34545 to 34374 and went on to retrace the entire day’s fall as it even made marignal new highs of 34995 into the close & continued this imbalance on the upside with an Open Test Drive higher on Tuesday where it scaled above 35059 and made new highs for the week at 35283 in the IB stalling just below previous week’s selling tail reference of 35294 to 35344 and settled down to form a balance and a ‘p’ shape profile for the day with the lone attempt to probe higher was met with rejection at 35317. The auction then made another attempt to negate that selling tail at open on Wednesday and even made a look up above it while making highs of 35380 but left a selling tail at top in the IB which confirmed that the sellers were persistant in this zone and this resulted in a long liquidation ‘b’ shape profile for the day with a prominent POC at 35066 as BankNifty made a low of 34916 and continued the move lower with a gap down on Thursday where it made a low of 34612 in the ‘A’ period and gave a bounce to 34842 in the ‘B’ period and made an attempt to probe higher in the ‘C’ period but was rejected from 34882 in typical fashion as it not only confirmed a FA there but almost completed the 2 ATR objective of 33897 on Friday as it started with another Drive Down getting rejected from previous day’s POC of 34779 and went on to hit new lows for the week at 33909 in the ‘D’ period tagging the weekly VPOC of 33930 (17th to 21st May) and took support exactly at the 1 ATR target from previous week’s high of 35546 confirming the end of the downside probe for the week with a responsive buying tail from 34039 to 33909 which meant the demand was coming back and the auction then probed higher for the rest of the day getting back to 34708 into the close though the Value for the day was completely lower for the third consecutive session.

The weekly profile is once again a trending one lower with rejection at previous supply zone which gave a 1471 point drop as it left a HVN at 35200 and has formed mostly lower Value at 34096-34656-35008 with the close being below this week’s prominent POC which means the PLR continues to remain to the downside for the coming week with the FA of 34882 being the reference on the upside.

Click here to view this week’s auction in BankNifty with respect to previous week’s profile on MPLite

Weekly Hypos for Bank Nifty (Spot):

A) BankNifty needs a drive from 34575 for a rise to 34656 / 34779 / 34882 / 35066 / 35200 / 35328 / 35472
B) Accepting below 34515, the auction could test 34371 / 34280 / 34160 / 34039 / 33908 / 33833 / 33685

Extended Weekly Hypos

C) Above 35472, can expect higher levels of 35546 / 35630 / 35775 / 35853 / 35988 / 36133 / 36233 / 36381
D) Below 33685, the auction could fall to 33560/ 33447 / 33306 / 33200 / 33101 / 32988 / 32839 / 32740


BNF (Weekly Profile) – 35169 [ 35740 / 34757 ]

Previous week’s report ended with this ‘The weekly profile has formed slightly lower Value at 34910-35235-35370 and the PLR (Path of Least Resistance) could continue to be lower in the coming week if BNF is unable to negate the immediate extension handle of 35274′

BNF not only opened lower on Monday but gave a big drive down falling by 590 points in the A period as it made new lows for the series at 34455 but it took support in the buying singles of 21st May and left an initiative tail in the IB from 34632 to 34455 getting back above the day’s VWAP which negated the strong bearish open. The auction then formed a balance in a narrow range building volumes at 34758 and moved away from this balance as it not only negated the A period selling tail but went on to make new highs for the day 35130 and continued this strength with an Open Test Drive Up on Tuesday as it tagged the immediate VPOC of 35164 and the selling extension handle of 35275 in the ‘A’ period itself but could not extend much above it as the supply zone 35402 to 35475 came into play resulting in a ‘p’ shape profile for the day with a prominent POC at 35327. Wednesday saw a lower open but BNF took support at 35145 before giving a sharp bounce as it got back above 35327 and hit new highs for the week at 35464 but for the second consecutive day could not take out the supply zone indicating that the sellers were stacking up confirming a small selling tail at top which changed the bias for the day to the downside as it formed a ‘b’ shape long liquidation profile with lows of 35005 with the dPOC also shifting lower to 35109. BNF then opened with a big gap down of 400 points on Thursday but left an OL (Open=Low) start at 34700 after which it probed higher and made a typical C side extension giving new highs of 34970 which got confirmed as a FA (Failed Auction) giving fresh impetus to the sellers as they went on to make a low of 34486 almost tagging the 1 ATR objective from the FA before giving a bounce back to 34763 into the close and continued this imbalance with a higher open on Friday but gave an Open Test Drive from previous day’s HVN of 34840 and trended lower till the ‘D’ period as it got into the buying singles of 21st May and completed the 2 ATR target of 33945 from the FA of 34970 and having achieved this major objective in double quick time saw some profit booking along with new buying coming in resulting in an responsive buying tail from 34075 to 33937 which changed the PLR of the day to the upside as BNF first built volumes at 34260 and then went on to get into the IB singles spiking to 34718 into the close leaving a 3-1-3 profile for the day. The weekly profile first formed a HVN at 35329 from where it moved away forming mostly lower Value at 34097-34741-35077 before closing at the lower HVN of 34600 which will be the immediate level to watch in the coming week along with the buying tail of 34095 to 33937 where as on the upside the immediate zone would be from 34718 to 34838 and above it, the FA of 34970.

Related

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

Post navigation

Participantwise Open Interest – 18th JUN 2021
Market Profile Analysis dated 21st June 2021

Most Read Post

  • Nifty 50 Monthly and Annual returns (1991-2022) updated 30th DEC 2022
  • Example Video- Mentoring room support in market hours
  • What happened at 18165 F today
  • Mid Month report
  • Making sense Sept 2022
  • Making sense Aug 2022
  • A look at Market Structure ahead of the new October series
  • Launching- Overnights
  • Making sense- June July 2022
  • Testimonials
  • Making sense May 2022- Orderflow edition.
  • Making sense April 2022
  • Making sense Feb 22 and March 22
  • Making sense Jan 2022 edition
  • Of our working process through 2021 – with MarketProfile and Orderflow
  • Performance Of The Trading Room In Sept, Oct , Nov Series ( consolidated post)
  • Performance of the Trading Room in August series
  • Performance of the Trading Room in July Series
  • Make TIME your friend in the markets
  • 3 new videos in the Training Library
  • Performance of the Trading Room in the June 2021 series
  • The May 2021 series
  • StressFree trading with #Orderflow
  • We thought you should know April 2021 series
  • We thought you should know March 2021 Series
  • We thought you should know about Feb 2021
  • We thought you should know ! Jan 2021
  • Performance update of MarketProfile strategies used in the Vtrender Trading Room
  • Performance report of MarketProfile and Orderflow (up 32% again) trading strategies used in the Vtrender Trading Room
  • Performance report in Oct (up 32%) based on MarketProfile and Orderflow strategies
  • Performance record in Sept on MarketProfile and Orderflow strategies
  • Performance record in Aug on MarketProfile and Orderflow strategies
  • Training Library refurbished with new strategies
  • Give a man a fish…
  • MarketProfile Performance report in July 2020
  • AMA on 23rd June in the VTR
  • Our Performance with MarketProfile, and the awesome COT
  • The 4 stages of a Trader’s Life. Which one are you in?
  • Vtrender Workshop – Some QnA
  • What is exactly the Orderflow?
  • Data drives everything
  • Volume Spikes – How to exploit them
  • Market Profile The evolution
  • Random Musings on Market Profile
  • Order Flow Analysis – Strategies used to trade
  • How a Market Profile chart gives an edge to trade
  • Level 1- Market Profile Essentials
  • Market profile Trading strategies – Open Outside Ranges
  • Why I trust an OrderFlow chart…
  • Risk Management on Calls
  • OrderFlow Knowledge Base
  • Trading room charts explained
  • IB Extension Set Up- The C Side
  • Vix – Nifty Range Explained
  • Nifty Daily Stats ( IB Breakouts)
  • Nifty – MarketProfile trading strategies- The IB
  • Nifty daily stats ( 1 )
  • Spike Rules
  • Of Failed Auctions and revisits ( FA )
  • Steidlmayer Distribution
  • Market Profile-Day types

Archives

  • January 2023 (120)
  • December 2022 (36)
  • November 2022 (32)
  • October 2022 (36)
  • September 2022 (41)
  • August 2022 (38)
  • July 2022 (40)
  • June 2022 (41)
  • May 2022 (39)
  • April 2022 (32)
  • March 2022 (34)
  • February 2022 (32)
  • January 2022 (36)
  • December 2021 (38)
  • November 2021 (31)
  • October 2021 (32)
  • September 2021 (35)
  • August 2021 (31)
  • July 2021 (37)
  • June 2021 (35)
  • May 2021 (79)
  • April 2021 (111)
  • March 2021 (55)
  • February 2021 (51)
  • January 2021 (54)
  • December 2020 (55)
  • November 2020 (52)
  • October 2020 (57)
  • September 2020 (77)
  • August 2020 (117)
  • July 2020 (95)
  • June 2020 (117)
  • May 2020 (104)
  • April 2020 (94)
  • March 2020 (111)
  • February 2020 (102)
  • January 2020 (116)
  • December 2019 (67)
  • November 2019 (64)
  • October 2019 (60)
  • September 2019 (69)
  • August 2019 (65)
  • July 2019 (73)
  • June 2019 (64)
  • May 2019 (83)
  • April 2019 (80)
  • March 2019 (83)
  • February 2019 (84)
  • January 2019 (95)
  • December 2018 (78)
  • November 2018 (75)
  • October 2018 (85)
  • September 2018 (65)
  • August 2018 (65)
  • July 2018 (76)
  • June 2018 (87)
  • May 2018 (85)
  • April 2018 (72)
  • January 2018 (4)
  • March 2016 (33)
  • February 2016 (90)
  • January 2016 (92)
  • December 2015 (50)
  • November 2015 (75)
  • October 2015 (87)
  • September 2015 (88)
  • August 2015 (89)
  • July 2015 (91)
  • June 2015 (83)
  • May 2015 (49)
  • April 2015 (42)
  • March 2015 (47)
  • February 2015 (41)
  • January 2015 (42)
  • December 2014 (44)
  • November 2014 (35)
  • October 2014 (35)
  • September 2014 (47)
  • August 2014 (31)
  • July 2014 (36)
  • June 2014 (23)
  • May 2014 (21)
  • April 2014 (21)
  • March 2014 (43)
  • February 2014 (40)
  • January 2014 (14)
  • December 2013 (1)
  • November 2013 (8)
  • October 2013 (8)
  • September 2013 (10)
  • August 2013 (11)
  • July 2013 (4)
  • June 2013 (4)
  • May 2013 (22)
  • April 2013 (30)
  • March 2013 (15)
  • February 2013 (20)
  • January 2013 (20)
  • December 2012 (13)
  • November 2012 (13)
  • October 2012 (33)
  • September 2012 (16)
  • August 2012 (11)
  • July 2012 (35)
  • June 2012 (56)
  • May 2012 (57)
  • April 2012 (34)
  • March 2012 (42)
  • February 2012 (27)
  • January 2012 (24)
  • December 2011 (36)
  • November 2011 (50)
  • October 2011 (34)
  • September 2011 (45)
  • August 2011 (60)
  • July 2011 (60)
  • June 2011 (47)
  • May 2011 (56)
  • April 2011 (47)
  • March 2011 (61)
  • February 2011 (62)
  • January 2011 (77)
  • December 2010 (37)
  • November 2010 (68)
  • October 2010 (75)
  • September 2010 (56)
  • August 2010 (44)
  • July 2010 (32)
  • June 2010 (32)
  • May 2010 (45)
  • April 2010 (14)
  • March 2010 (22)
  • February 2010 (12)
  • January 2010 (12)

About Us

The Vtrender Trading room specializes in Nifty and Bank Nifty future. We have charts Of Market Profile and Order Flow Charts + Live analysis + Live commentary + live trades.

We apply he concepts of Market Profile and the Order Flow to the NO and the Bank Nifty.

Explore

  • About Us
  • Forum
  • Pricing
  • The Vtrender Trading Room Mentorship Program
  • Features
  • Training Library

Forum

  • Market Profile Analysis dated 30th Jan 2023 January 30, 2023
  • Participantwise net Open Interest and net equity investments – 30th JAN 2023 January 30, 2023

Address

  • 9511921975
  • support@vtrender.com

Copyright @ 2009 - 2021 Vtrender Inc. All Rights Reserved.

whatsapp whatsapp