Evening MarketProfile report dated 18th July

The Nifty and the banknifty opened as an OAOR for over 2 hours at the edge of yesterday’s profile and last week highs. It did not find willing buyers and sloped back into the mini balance again targeting Monday lows. Near the lows in the Nifty, we saw supply diminishing but the Banks showed a lot of long liquidating especially near the close.

 

A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-16th-july-to-20th-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 12 Evening Marketprofile Report Dated 18Th July Auction Market Theory, Marketprofile, Orderflow

 

  • The NF Open was an OAOR
  • The day type was a Double Distribution day
  • Largest volume was traded at 10984 F today
  • Vwap of the session was at 11009 with volumes of 101.6 L in a session which traded a High-Low range of 11074-10955 for 118 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 11044-10984-10955  for tomorrow

 

Plan :

a) responsive selling was seen at 11060

b) Selling also seen at 11018 slightly lower. Use either 2 points to initiate a short position.

b) 10930 is a good support

c) second support at 10897-10904

 

 

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 13 Evening Marketprofile Report Dated 18Th July Auction Market Theory, Marketprofile, Orderflow

 

 

  • The BNF Open was an OAOR
  • The Day type was a Normal Variation  day
  • Vwap of the day was at 27062 with Volumes of 44.3 L and a High – Low of 27233-26886 for a range of 347 points.
  • Largest Volume was traded at 27000 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

Daily Zones:

  • Value zones ( volume profile)  are at 27144-27000-26907 for tomorrow

 

Plan :

a) supply looks to be firm around 27140

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