Evening report trade dated 14th July

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The markets trended higher into the close today led by a double distribution in the NF and a trend day off a Gaussian Profile which we had seen yesterday in the BNF. It’s clearly buyers in control as value continues to be driven higher.

NIFTY July F: 

Nf_compo1

 

 

 

Weekly levels: We have done a review on weekly charts at: http://vtrender.com/nifty-bn-weekly-view-spot-for-11th-july-15th-july/

Background / Previous Auctions :

#) The NF was a Double Distribution Trend day

#) vwap of the session was at 8552  with volumes of 78.8 L in a session which traded a 8584-8509 range of 75 points

#) Day POC was at 8556 levels

#) The auction has a buying tail and is staying the recent composite highs of 8380 F

#) The auction likely to remain in a 8480- 8590 range for the next few sessions

#) Volume was at the  average of the past 5 sessions .

#) We note an FA at 8186 on 29/06. It has not been visited in T+5 and hence is a support now for the swing. 

#) Value areas are at  8580-8556-8543– for the session tomorrow. For using value areas effectively visit:http://vtrender.com/popular-market-profile-trading-setups/

#) Discl – When we mention Buyers/ Sellers we point to and infer aggressive players.

 

 

BankNifty July F:

BNF_compo

 

 

 

Weekly levels: We have done a review on weekly charts at:   http://vtrender.com/nifty-bn-weekly-view-spot-for-11th-july-15th-july/

 

Background/ Previous Auctions :

 

 

#) The BNF was a Trend day 

#) vwap of the session was at 18798 with volumes of 30 L in a session which traded a 18921-18528 range of  324 points

#) day POC was at 18896 levels 

#) We saw a trend day of the type we spoke about in yesterday’s report

#) Auction is also showing a buying tail and is above the recent composite .

#) Value areas are at 18920-18896-18720  for bias. For using value areas effectively visit: http://vtrender.com/popular-market-profile-trading-setups/

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