Evening report trade dated 18th Aug

Posted on Posted in Blog

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: 

Nf_compo1

 

 

 

 

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/

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

 

 

BankNifty Aug F:

 

BNF_compo

 

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 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/

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