Evening MarketProfile report dated 06th July

The Nifty and the Banknifty put in an Open Rejection reverse ( ORR) right at the open. The ORR would tell a MarketProfiler that the longer time frame is again active in the markets and would defend the lows of the auction. The ORR of Friday showed non-acceptance of the auction below 10718 and is our short-term support headed into the coming sessions.

I like to work with a plan and a top-down approach to the market. A yearly and monthly outlook is updated on the blog.

A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-9th-july-to-13th-july/

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 July F:

 

Nf Compo1 5 Evening Marketprofile Report Dated 06Th July Auction Market Theory, Marketprofile, Value Area

 

 

 

  • The NF Open was an ORR
  • The day type was a Normal Variation day
  • Largest volume was traded at 10774 F today
  • Vwap of the session was at 10780 with volumes of 79.2 L in a session which traded a High-Low range of 10816-10718 for 98 points.

Monthly Zones:

  • The  vwap of June series  is  at 10737 spot
  • The POC of June series was at 10760 spot
  • The vwap of the May series was at 10669 spot and the POC was at 10736.
  • The settlement day rollover volume point is at 10572 F.

Weekly Zones :

  • Immediate support at 10715 F for now.
  • Zone of supply would be at 10860 F

Daily Zones:

  • Value zones ( volume profile)  are at 10802-10774-10772 for tomorrow

 

Plan :

a) Watch for supply coming at 10845- 10865

b) support lower is strong at 10770F

 

 

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:

 

Bnf Compo1 5 Evening Marketprofile Report Dated 06Th July Auction Market Theory, Marketprofile, Value Area

 

  • The BNF Open was an ORR
  • The Day type was a Normal Variation  day
  • Vwap of the day was at 26520 with Volumes of 23.4 L and a High – Low of 26583-26402 for a range of 181 points.
  • Largest Volume was traded at 26520 F today

Monthly Zones :

  • The  vwap of June series  is  at 26522 spot
  • The POC of June series was at 26544 spot
  • The vwap of May series was at 26091 spot with POC of 25744
  • The settlement day rollover volume point is at 26217 F.

 

Weekly Zones :

  • The 26560 zone  is now a supply
  • The old seller at 26800 is still very active.
  • The 26320 zone is a support

Daily Zones:

  • Value zones ( volume profile)  are at 26555-26520-26480  for tomorrow

 

Plan :

a) 26440 is the support

b) watch for supply near 26560

c) If 26560 is taken out, the auction can drive to 26640 and 26690

 

 

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