Evening MarketProfile report dated 10th July

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:

 

Nf Compo1 7 Evening Marketprofile Report Dated 10Th July Auction Market Theory, Nifty, Orderflow, Value Area

 

  • 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:

 

Bnf Compo1 8 Evening Marketprofile Report Dated 10Th July Auction Market Theory, Nifty, Orderflow, Value Area

 

  • 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