Evening report trade dated 22nd July

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The NF looked like it had completed the bell curve in Friday’s trade and closed at the POC of the composite at 8555F. The stage looks set for a trending move again. 

 

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-18th-july-22nd-july/

Background / Previous Auctions :

#) The NF was a Normal Variation day

#) vwap of the session was at 8535 with volumes of 90.5 L in a session which traded a 8563-8500 range of 63 points

#) Day POC was at 8555, higher than the 8519 seen the previous session.

#) The auction in step 2 is now visible to all.

#) Volume was at the  median 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  8560-8554-8529– 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-18th-july-22nd-july/

 

Background/ Previous Auctions :

 

 

#) The BNF was a Normal day

#) vwap of the session was at 18699 with volumes of 28 L in a session which traded a 18776-18580 range of 197 points

#) day POC was at 18735 levels 

#) Auction has repaired the 2 anomalies at 18722-755 .

#) The buying tail off 18570 is a major support

#) Value areas are at 18744-78735-18644  for bias. For using value areas effectively visit: http://vtrender.com/popular-market-profile-trading-setups/

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