Evening MarketProfile report dated 09th Aug

We mentioned the PLR being higher and the BankNifty put in another strong move by staying above 28140 all day. Towards the close, there were signs of demand waning and supply coming back into the auction. We saw the first of the large sellers today near 11500 after continuous sessions of heavy demand seen.

A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-6th-aug-to-10th-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:

 

Nf Compo1 6 Evening Marketprofile Report Dated 09Th Aug

 

  • The NF Open was an Open auction
  • The day type was a Neutral  day
  • Largest volume was traded at 11485 F today
  • Vwap of the session was at 11484 with volumes of 46.9 L in a session which traded a High-Low range of 11505-11467 for 37 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 11301 and 11155 F for now.
  • Supply could come back higher at 11497 and 11533 F next.

Daily Zones:

  • Value zones ( volume profile)  are at 11492-11485–11478  for tomorrow

 

Plan :

a) The auction has support at 11470

b) Buy dips to 11440

c) supply expected higher for intraday at 11497-11508 on any probe higher

 

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 6 Evening Marketprofile Report Dated 09Th Aug

 

 

  • The BNF Open was an Open auction
  • The Day type was a normal variation  day
  • Vwap of the day was at  28296 with Volumes of 29.9 L and a High – Low of 28386-28177  for a range of 208 points.
  • Largest Volume was traded at 28287 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  and 27450 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 28360-28280-28260 for tomorrow

 

Plan :

a) The 28280 zone is a support

b) supply expected to be back at 28430

 

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