Evening MarketProfile report dated 11th July

The one-time frame up seen since the start of the new series of July showed signs of a pause today and value moved sidewards as responsive sellers appeared at the highs. However, bulls managed to hold the critical 10920 level well and that along with the 10897 will keep the buyer interested as we move into phase 2 of the distribution. We are anticipating a move down to 10850 to check for demand before another move in the auction.

I like to work with a plan and a top-down approach to the market. A yearly and monthly outlook is updated on the blog.

A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-9th-july-to-13th-july/

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 July F:

 

Nf Compo1 8 Evening Marketprofile Report Dated 11Th July Auction Market Theory, Banknifty Future, Marketprofile, Nifty Future, Orderflow

 

  • The NF Open was an OAIR
  • The day type was a Neutral day
  • Largest volume was traded at 10938 F today
  • Vwap of the session was at 10938 with volumes of 77.9 L in a session which traded a High-Low range of 10967-10918 for 49 points.

Monthly Zones:

  • The  vwap of June series  is  at 10737 spot
  • The POC of June series was at 10760 spot
  • The vwap of the May series was at 10669 spot and the POC was at 10736.
  • The settlement day rollover volume point is at 10572 F.

Weekly Zones :

  • Immediate support at 10850F for now.

Daily Zones:

  • Value zones ( volume profile)  are at 10946-10936-10924 for tomorrow

 

Plan :

a) the zone above 10960 shows no new demand. Look for sellers near 10970 on any upwards probes

b) 10920 is still a support along with 10897 right below

 

 

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 9 Evening Marketprofile Report Dated 11Th July Auction Market Theory, Banknifty Future, Marketprofile, Nifty Future, Orderflow

 

  • The BNF Open was an OAIR
  • The Day type was a Normal Variation  day
  • Vwap of the day was at 26800 with Volumes of 26.5 L and a High – Low of 26888-26733 for a range of 155 points.
  • Largest Volume was traded at 26879 F today

Monthly Zones :

  • The  vwap of June series  is  at 26522 spot
  • The POC of June series was at 26544 spot
  • The vwap of May series was at 26091 spot with POC of 25744
  • The settlement day rollover volume point is at 26217 F.

 

Weekly Zones :

  • The 26677  zone  is now a support
  • The 26320 zone is a support

Daily Zones:

  • Value zones ( volume profile)  are at 26830-26780-26750  for tomorrow

 

Plan :

a) supply looks to be firm around 26880

b) support is at 26710/ 26680.

 

 

 

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