Evening MarketProfile report dated 03rd Aug

The Nifty out in an Open drive from the POC and the BankNifty put in an Open Test Drive from the POC of yesterday. These were the strongest indication of the Longer Time Frame being present in the auction and we had a trend up close at the highs. The biggest lesson you can learn as a student of Auction Market Theory is to recognize a Trend day and not short on a Long Trend Up day. Longs made money today.

A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-6th-aug-to-10th-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 2 Evening Marketprofile Report Dated 03Rd Aug Auction Market Theory, Marketprofile, Value Area

 

  • The NF Open was an Open drive higher
  • The day type was a Normal Variation day
  • Largest volume was traded at 11355 F today
  • Vwap of the session was at 11361 with volumes of 69.1 L in a session which traded a High-Low range of  11406-11302 for 105 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 11301 and 11155 F for now.
  • Supply expected near 11440- 11455 during the week

Daily Zones:

  • Value zones ( volume profile)  are at 11396-11355-11344  for tomorrow

 

Plan :

a) The auction has support at 11350

b) Buy dips to 11355

c) supply expected higher for intraday at 11425-11430 on any probe higher

 

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 2 Evening Marketprofile Report Dated 03Rd Aug Auction Market Theory, Marketprofile, Value Area

 

 

  • The BNF Open was an Open Test Drive
  • The Day type was a Trend day
  • Vwap of the day was at  27660 with Volumes of 26.1 L and a High – Low of 27800-27475  for a range of 324 points.
  • Largest Volume was traded at 27650 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  and 27450 zone  is now a support
  • The vwap of trend up on 26/07 at 27313 is also a support
  • Supply expected higher near 26940

 

Daily Zones:

  • Value zones ( volume profile)  are at 27717-27650-27545 for tomorrow

 

Plan :

a) The 27660 zone is a support

b) supply expected to be back near 27900-27940

 

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