The Nifty and the banknifty again gapped up and through an Open Test drive managed once more to finish in the upper quadrant in a repeat of the kind of auction we saw yesterday.Value was built higher again and one-time frame up behavior continued.
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:
- The NF Open was an OTD
- The day type was a Normal Variation day
- Largest volume was traded at 10930 F today
- Vwap of the session was at 10923 with volumes of 77.9 L in a session which traded a High-Low range of 10959-10881 for 77 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.
Daily Zones:
- Value zones ( volume profile) are at 10938-10930-10905 for tomorrow
Plan :
a) supply likely to come back to the auction near 11004 tomorrow on any higher probes
b) support at 10922- 10930
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 OTD
- The Day type was a Normal Variation day
- Vwap of the day was at 26860 with Volumes of 23.4 L and a High – Low of 26925-26756 for a range of 168 points.
- Largest Volume was traded at 26879 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 support
- The old seller at 26800has been taken out today
- The 26320 zone is a support
Daily Zones:
- Value zones ( volume profile) are at 26887-26877-26845 for tomorrow
Plan :
a) supply likely to be back on any higher probes to 27000/ 27040
b) 26820 is a good support
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