The BNF trended out of the multi- week composite today and closed at the highest point. The NF was comparatively subdued but visited the FA point today.
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 Normal Variation day
#) vwap of the session was at 8688 with volumes of 97.4 L in a session which traded a 8713-8655 range of 59 points
#) Day POC was at 8697, higher than the 8631 seen in the previous session.
#) 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 8700-8697-8676– 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 Trend day
#) vwap of the session was at 19294 with volumes of 37 L in a session which traded a 19388-19081 range of 307 points
#) day POC was at 19360 levels
#) The POC for the Aug settlement is currently at 19030 levels with vwap of 18886
#) Value areas are at 19371-19360-19261– for the session next. For using value areas effectively visit:http://vtrender.com/popular-market-profile-trading-setups/