A gap down at the Open on Monday saw an OAOR and a market which sustained mostly below the 10420F zone pointed out in the weekly report made on the weekend. The sellers were able to keep prices lower and closed the day lower.
A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-13th-to-17th-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 auction
- The day type was a Normal variation day
- Largest volume was traded at 11380 F today
- Vwap of the session was at 11385 with volumes of 76.6 L in a session which traded a High-Low range of 11427-11354 for 73 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 11350/ 11395 for now.
- The vwap of trend up on 03/08 at 11360 is also a support
- Supply could come back higher at 11497 and 11533 F next.
Daily Zones:
- Value zones ( volume profile) are at 11404-11386-11355 for tomorrow
Plan :
a) The auction has support at 11350
b) the second zone of support is at 11333
c) supply expected higher for intraday at 11497-11508 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:
- The BNF Open was an Open auction
- The Day type was a Normal day
- Vwap of the day was at 27900 with Volumes of 30.6 L and a High – Low of 27990-27827 for a range of 163 points.
- Largest Volume was traded at 27855 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 27760 is now a support
- The vwap of trend up on 03/08 at 27670 is also a support
Daily Zones:
- Value zones ( volume profile) are at 27935-27855-27840 for tomorrow
Plan :
a) The 27820 zone is a support
b) supply expected to be back at 27992
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