It was an inside day today and did nothing much to change the larger equation at play, but within the context of the day in the mini auction, we saw the seller emerge a bit more stronger and reconfirmed his base near 8690 F whereas the Buyers seen yesterday near 8610 were not as aggressive. We also have a new FA ay 8690 F now.
NIFTY Aug F:
Weekly levels: We have done a review on weekly charts at: http://vtrender.com/nifty-bn-weekly-view-spot-for-16th-aug-19th-aug/
Background / Previous Auctions :
#) The NF was a Neutral day
#) vwap of the session was at 8643 with volumes of 95.2 L in a session which traded a 8689-8610 range of 79 points
#) Day POC was at 8631, lower than the 8661 seen in the previous session.
#) The day was inside the range built yesterday
#) The auction has built a POC and vwap at 8668- 8678 for the current Aug settlement.
#) The current volumes are not projecting a break away from range and settlement seems to be in the 8520- 8820 bracket
#) Today’s Volume was at the median of the past 5 sessions.
#) Value areas are at 8650-8631-8612– for the session next. For using value areas effectively visit:http://vtrender.com/popular-market-profile-trading-setups/
BankNifty Aug F:
Background/ Previous Auctions :
#) The BNF was a Normal Variation day
#) vwap of the session was at 19059 with volumes of 29.4 L in a session which traded a 19169-18970 range of 199 points
#) day POC was at 19052 levels
#) The POC for the Aug settlement is currently at 19030 levels with vwap of 18886
#) Value areas are at 19096-19052-19019– for the session next. For using value areas effectively visit:http://vtrender.com/popular-market-profile-trading-setups/