Evening MarketProfile report dated 20th July

We got another ORR ( Open Rejection Reverse) in the Nifty and the BankNifty today. Those of you who have attended our MarketProfile workshops have seen the effectiveness of these drives already. The ORR of Friday follows up on the Open Drive of 29th June and the ORR of 6th July whose lows are secure for the series.

A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-16th-july-to-20th-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 15 Evening Marketprofile Report Dated 20Th July Auction Market Theory, Marketprofile, Orderflow

 

  • The NF Open was an ORR
  • The day type was a Normal Variation day
  • Largest volume was traded at 11023 F today
  • Vwap of the session was at 11012 with volumes of 73.6 L in a session which traded a High-Low range of 11043-10956 for 86 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 July series is developing  at 10850 spot and the POC was at 10770
  • 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 11032-11023-11003  for tomorrow

 

Plan :

a) Initiative buying at 10997 is an early supp for Monday

b) responsive selling at 11034 seen

c) path above 11035 is to 11060 and a possible 11089

d)Looking to build longs as long at 10997 holds

 

 

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 16 Evening Marketprofile Report Dated 20Th July Auction Market Theory, Marketprofile, Orderflow

 

 

  • The BNF Open was an ORR
  • The Day type was a Normal variation day
  • Vwap of the day was at 26895 with Volumes of 23.4 L and a High – Low of 26992-26763 for a range of 229 points.
  • Largest Volume was traded at 26930 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 July series is developing at 26660 spot with POC of 26910
  • The settlement day rollover volume point is at 26217 F.

 

Weekly Zones :

  • The 26780  zone  is now a support

Daily Zones:

  • Value zones ( volume profile)  are at 26930-26920-26860 for tomorrow

 

Plan :

a) strong support seen at 26780 and 26830

b) auction expected to continue upwards to 27040 and 27086 as long as those 2 hold

 

 

 

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