Evening MarketProfile report dated 01st Aug

The spike of yesterday was well auctioned today and the bankNifty put in a 290 point day as was expected. Both the indices were wild into the close and the first benefit of the upcoming change in Index timings would be felt on such RBI days when the index will definitely have more time to adjust and settle the auction once the event is done. So on future RBI event days you may just have to sit steady till 7.30 pm at least.

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:

 

Nf Compo1 Evening Marketprofile Report Dated 01St Aug

 

  • The NF Open was an Open auction
  • The day type was a Normal Variation day
  • Largest volume was traded at 11378 F today
  • Vwap of the session was at 11374 with volumes of 75.7 L in a session which traded a High-Low range of  11403-11341 for 61 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 11390-11378-11361  for tomorrow

 

Plan :

a) The auction has support at 11333

b) supply expected higher for intraday at 11396 and 11419

 

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:

 

Bnf Compo1 Evening Marketprofile Report Dated 01St Aug

 

 

  • The BNF Open was an Open auction
  • The Day type was a Normal Variation day
  • Vwap of the day was at  27705 with Volumes of 36.7 L and a High – Low of 27843-27552  for a range of 290 points.
  • Largest Volume was traded at 27703 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 27760-27700-27610for tomorrow

 

Plan :

a) The 27540 zone is a support

b) supply expected to be back near 24770

 

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