Tag: Value Area

The Nifty put in a neutral day in the markets today. The Banknifty put in a Normal variation up. The neutral day in the Nifty announced the start of responsive sellers making progress in the auction which has been a one-time frame up from 19th July. In the 7th session today after the 19th of July, we had a south side extension which shows how strong the trend has been from 10950 upwards. Even that extension was short lived and the Nifty went through the IB again. But it told us that the sellers have finally decided to accept this range as a new fair value for the auction and we look forward to a balance here.

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:

 

 

  • The NF Open was an Open rejection lower
  • The day type was a neutral   day
  • Largest volume was traded at 11338 F today
  • Vwap of the session was at 11316 with volumes of 62.9 L in a session which traded a High-Low range of  11345-11285 for 60 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 11340-11336-11310  for tomorrow

 

Plan :

a) The auction has support at 11295

b) supply expected higher for intraday at 11366 and 11380

 

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 rejection reverse
  • The Day type was a Normal variation day
  • Vwap of the day was at  with Volumes of 22.9 L and a High – Low of 27660-27475 for a range of 180 points.
  • Largest Volume was traded at 27600 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 27867-27850-27690 for tomorrow

 

Plan :

a) The 27650 zone is a support

b) supply expected to be back near 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

Evening MarketProfile report dated 30th July

The auction of Monday stayed above the POC of Friday. It was quiet for the most part of the day and it did look at one time that the sellers would push it lower below Friday POC by close, but towards the end a forced round of short covering ensured a close near 11100 in the Nifty July Futures. With 3 day left for settlement, the bulls are looking for a reverse strike on the bears for the damage caused in the June series towards the close.  That late move of June was entirely settlement pressure and speaks about the impact inventory rebalancing can have at the end of the series. The Bears would look to protect 11130 F tomorrow for any move which is over 11130 in the next 2 days can also ensure a settlement near 11240 or higher.

A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-23rd-july-to-27th-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:

 

 

  • The NF Open was an OAIR
  • The day type was a Normal Variation day
  • Largest volume was traded at 11043 F today
  • Vwap of the session was at 11060 with volumes of 74.6 L in a session which traded a High-Low range of 11109-11008 for 100 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 11077-11043-11033  for tomorrow

 

Plan :

a) staying below 11110 the auction may retrace to 11083 to check for buying

b) bellow 11082 can drop to 11060 where trapped shorts may attempt a cover

c) path above 11110 is to 11130 where a dual auction is expetced again

d)Looking to build longs as long at 11044 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:

 

 

 

  • The BNF Open was an OAIR
  • The Day type was a Normal variation day
  • Vwap of the day was at 26945 with Volumes of 28.4 L and a High – Low of 27099-267 for a range of 333 points.
  • Largest Volume was traded at 26920 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 27020-26920-26817 for tomorrow

 

Plan :

a) strong support seen at 27000 and right below at 26950

b) A dip to 29960 to be watched for buying coming back

b) auction expected to continue upwards to 27183 and 27236 above 27100.

 

 

 

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

Evening MarketProfile report dated 23rd July