The selling seen on Thursday before the close kept the indices lower and it visited the extension highs of Wednesday’s profile. The auction was evenly matched at the close and new selling was not visible.
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:
- The NF Open was an Open auction
- The day type was a Normal variation day
- Largest volume was traded at 11440 F today
- Vwap of the session was at 11455 with volumes of 59.1 L in a session which traded a High-Low range of 11485-11430 for 55 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 11395 for now.
- The vwap of trend up on 03/08 at 11360 is also a support
- Supply could come back higher at 11497 and 11533 F next.
Daily Zones:
- Value zones ( volume profile) are at 11463-11440-11430 for tomorrow
Plan :
a) The auction has support at 11420
b) the second zone of support is at 11395- 11403
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:
- The BNF Open was an Open auction
- The Day type was a Neutral day
- Vwap of the day was at 28264 with Volumes of 27.9 L and a High – Low of 28380-28150 for a range of 230 points.
- Largest Volume was traded at 28255 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 27980 is now a support
- The vwap of trend up on 03/08 at 27670 is also a support
Daily Zones:
- Value zones ( volume profile) are at 28320-28255-28195 for tomorrow
Plan :
a) The 28120 zone is a support
b) supply expected to be back at 28255 and 28411
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