Month: July 2018

The Nifty put in a neutral day in the markets today. The Banknifty put in a Normal variation up. The neutral day in the Nifty announced the start of responsive sellers making progress in the auction which has been a one-time frame up from 19th July. In the 7th session today after the 19th of July, we had a south side extension which shows how strong the trend has been from 10950 upwards. Even that extension was short lived and the Nifty went through the IB again. But it told us that the sellers have finally decided to accept this range as a new fair value for the auction and we look forward to a balance here.

A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-30th-july-to-03rd-aug/

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 Aug F:

 

 

  • The NF Open was an Open rejection lower
  • The day type was a neutral   day
  • Largest volume was traded at 11338 F today
  • Vwap of the session was at 11316 with volumes of 62.9 L in a session which traded a High-Low range of  11345-11285 for 60 points.

Monthly Zones:

  • The vwap of the July series is  at 10900 spot and the POC was at 10967
  • The settlement day rollover volume point is at 11156 F.

Weekly Zones :

  • Immediate support at 11221 and 11155 F for now.
  • Supply expected near 11350 and 11400

Daily Zones:

  • Value zones ( volume profile)  are at 11340-11336-11310  for tomorrow

 

Plan :

a) The auction has support at 11295

b) supply expected higher for intraday at 11366 and 11380

 

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 July F:

 

 

 

 

  • The BNF Open was an Open rejection reverse
  • The Day type was a Normal variation day
  • Vwap of the day was at  with Volumes of 22.9 L and a High – Low of 27660-27475 for a range of 180 points.
  • Largest Volume was traded at 27600 F today

Monthly Zones :

  • The vwap of July series is at 26738 spot with POC of 26910
  • The settlement day rollover volume point is at 27436 F.

 

Weekly Zones :

  • The 27330  zone  is now a support
  • The vwap of trend up on 26/07 at 27313 is also a support

Daily Zones:

  • Value zones ( volume profile)  are at 27867-27850-27690 for tomorrow

 

Plan :

a) The 27650 zone is a support

b) supply expected to be back near 27940.

 

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

Evening MarketProfile report dated 30th July