The auction on Friday opened slightly higher in the Nifty and the BankNifty, tested the POC in the Nifty of Thursday’s session and rose higher into the close in an Open Test Drive. The close was at the upper extreme of the 2 week bracket the Nifty has been in.
A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-20th-to-24th-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 11488 F today
- Vwap of the session was at 11480 with volumes of 66.3 L in a session which traded a High-Low range of 11507-11420 for 87 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 11540-11555 F next.
Daily Zones:
- Value zones ( volume profile) are at 11507-11488-11473 for tomorrow
Plan :
a) The auction has support at 11462 and 11471
b) the second zone of support is at 11430
c) supply expected higher for intraday at 11516 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 test drive
- The Day type was a Normal variation day
- Vwap of the day was at 28119 with Volumes of 26.5 L and a High – Low of 28210-28005 for a range of 205 points.
- Largest Volume was traded at 28169 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 28190-28180-28100 for tomorrow
Plan :
a) The 28100 zone is a support
b) supply expected to be back at 28190 and 28240
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