The auction on Monday in the Nifty opened higher than Friday’s profile and auctioned above the 2-week bracket the Nifty had been in. The close was in a P shaped profile at the highs. Support for the auction now has moved to 10500 with an objective set at 10653 and 10660 F
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 11576 F today
- Vwap of the session was at 11562 with volumes of 51.9 L in a session which traded a High-Low range of 11585-11510 for 75 points.
- 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.
- Value zones ( volume profile) are at 11584-11570-11554 for tomorrow
a) The auction has support at 11551
b) the second zone of support is at 11500
c) supply expected higher for intraday at 11605 and 11627 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 day
- Vwap of the day was at 28330 with Volumes of 17.5 L and a High – Low of 28377-28220 for a range of 155 points.
- Largest Volume was traded at 28350 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
- Value zones ( volume profile) are at 28370-28350-28325 for tomorrow
a) The 28280 zone is a support
b) supply expected to be back at 28380 and 28440
For tradeable ideas on these hypos and to check the OrderFlow Live visit the trading room.