The auction of Tuesday moved over the sell side profile of Monday and closed at session highs. The day was marked by the presence of the longer time frame player at the Open.
A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-13th-to-17th-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 test drive
- The day type was a Normal variation day
- Largest volume was traded at 11463 F today
- Vwap of the session was at 11440 with volumes of 60.7 L in a session which traded a High-Low range of 11478-11394 for 88 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 11350/ 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 11477-11463-11422 for tomorrow
Plan :
a) The auction has support at 11430
b) the second zone of support is at 11394
c) supply expected higher for intraday at 11523 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 drive up
- The Day type was a Normal variation day
- Vwap of the day was at 28033 with Volumes of 25.6 L and a High – Low of 28097-27907 for a range of 193 points.
- Largest Volume was traded at 28077 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 27760 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 28090-28077-28025 for tomorrow
Plan :
a) The 28000 zone is a support
b) supply expected to be back at 28210
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