We opened below Wednesday lows and traded within the 3 day composite today in an auction which closed at the lows. The Nifty was a Normal Variation down and the BankNifty was a Normal day.
A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-30th-july-to-03rd-aug/
It is the same MarketProfile view working for a 1- 5 day period on the Nifty and the BankNifty spot without worrying about the movement of the premium which is a sticky issue now.
Nifty Aug F:
- The NF Open was an Open drive lower
- The day type was a Normal Variation day
- Largest volume was traded at 11298 F today
- Vwap of the session was at 11308 with volumes of 72.7 L in a session which traded a High-Low range of 11343-11274 for 69 points.
Monthly Zones:
- The vwap of the July series is at 10900 spot and the POC was at 10967
- The settlement day rollover volume point is at 11156 F.
Weekly Zones :
- Immediate support at 11221 and 11155 F for now.
- Supply expected near 11350 and 11400
Daily Zones:
- Value zones ( volume profile) are at 11320-11298-11286 for tomorrow
Plan :
a) The auction has support at 11232
b) supply expected higher for intraday at 11310 and 11330
For tradeable ideas on these hypos and to check the OrderFlow live visit the trading room.
If not a Trading Room member you can get immediate access at – https://in.explara.com/e/vtrender–trading–room/checkout
BNF July F:
- The BNF Open was an Open auction
- The Day type was a Normal day
- Vwap of the day was at 27480 with Volumes of 28.7 L and a High – Low of 27550-27415 for a range of 134 points.
- Largest Volume was traded at 27460 F today
Monthly Zones :
- The vwap of July series is at 26738 spot with POC of 26910
- The settlement day rollover volume point is at 27436 F.
Weekly Zones :
- The 27330 zone is now a support
- The vwap of trend up on 26/07 at 27313 is also a support
Daily Zones:
- Value zones ( volume profile) are at 27492-2740-27445 for tomorrow
Plan :
a) The 27340 zone is a support
b) supply expected to be back near 24550
For tradeable ideas on these hypos and to check the OrderFlow Live visit the trading room.
If not a Trading Room member you can get immediate access at – https://in.explara.com/e/vtrender–trading–room/checkout