The Nifty and the Banknifty put in an OAIR which was only the second one of the week gone by and similar to what we got on Wednesday we had again an Inside day in both the NF and the BNF.

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 OAIR
• The day type was a Normal variation day
• Largest volume was traded at 11023 F today
• Vwap of the session was at 11023 with volumes of 81.7 L in a session which traded a High-Low range of 11056-10993 for 63 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 10850F for now.

Daily Zones:

• Value zones ( volume profile)  are at 11032-11023-11002  for tomorrow

 

Plan :

a) 11046-11055 has thrown up supply again today

b) 11000 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

 

BNF July F:

 

 

 

• The BNF Open was an OAIR
• The Day type was a Normal Variation  day
• Vwap of the day was at 26978 with Volumes of 25.8 L and a High – Low of 27069-26920 for a range of 150 points.
• Largest Volume was traded at 26970 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 26780  zone  is now a support
• The auction likely to move to 26420 as long as that holds

Daily Zones:

• Value zones ( volume profile)  are at 26995-26962-26940 for tomorrow

 

Plan :

a) supply looks to be firm around 27040

b) support is at 26910

 

 

 

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