Evening MarketProfile report dated 16th Aug

A gap down was bought aggressively in the Nifty at the Open but the visit to the POC again saw responsive sellers in a day which was a Neutral Center in both the Nifty and the BankNifty. Neutral days would tell us that the market is interested in this zone to create a Balance or a Bell curve and one should not look for a trending move away from this composite till the bell matures.

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:

 

Nf Compo1 9 Evening Marketprofile Report Dated 16Th Aug Auction Market Theory, Marketprofile

 

 

  • The NF Open was an Open test drive
  • The day type was a Neutral day
  • Largest volume was traded at 11413 F today
  • Vwap of the session was at 11422 with volumes of 72.9 L in a session which traded a High-Low range of 11460-11377 for 83 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 11440-11413-11402  for tomorrow

 

Plan :

a) The auction has support at 11380

b) the second zone of support is at 11350

c) supply expected higher for intraday at 11440 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:

 

Bnf Compo1 10 Evening Marketprofile Report Dated 16Th Aug Auction Market Theory, Marketprofile

 

 

 

 

  • The BNF Open was an Open test drive
  • The Day type was a Neutral day
  • Vwap of the day was at  27940 with Volumes of 32.1 L and a High – Low of 28049-27836  for a range of 213 points.
  • Largest Volume was traded at 27917 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 27990-27917-27885 for tomorrow

 

Plan :

a) The 27860 zone is a support

b) supply expected to be back at 27995

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