Evening report trade dated 25th July

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At the close of Trading on Friday there were enough indications from the Profile that the balancing was done and the market was ready for a new move out. We got a high volume break away from the 100 point bracket in today’s market and the volume traded in NF was higher than any other session in July.

 

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-25th-july-29th-july/

Background / Previous Auctions :

#) The NF was a Trend day today

#) vwap of the session was at 8590 with volumes of 135 L in a session which traded a 8645-8530 range of 115 points

#) Day POC was at 8641, higher than the 8520 seen the previous session.

#) The auction has broken upwards away from the bracket on good volumes. We wait for more confirmation of the push-up.

#) Volume was higher than 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  8644-8641-8588– 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-25th-july-29th-july/

 

Background/ Previous Auctions :

 

 

#) The BNF was a Trend day

#) vwap of the session was at 18866 with volumes of 35.4 L in a session which traded a 19080-18606 range of 473 points

#) day POC was at 19000 levels 

#) Auction has moved back into the mini composite ( shown in chart)  and should continue higher.

#) The buying tail off 18570 is a major support

#) Value areas are at 19080-19000-18825  for bias. For using value areas effectively visit: http://vtrender.com/popular-market-profile-trading-setups/