Wednesday’s auction was well balanced and gaussian mostly dominated by locals and had we not seen rollovers in the settlement week , could have also been a low volume affair. Probability is high for a trending move away and the value areas should answer the right questions tomorrow.
A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-23rd-july-to-27th-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:
- The NF Open was an Open auction
- The day type was a Normal day
- Largest volume was traded at 11131 F today
- Vwap of the session was at 11144 with volumes of 91.3 L in a session which traded a High-Low range of 11170-11118 for 51 points.
- The vwap of June series is at 10737 spot
- The POC of June series was at 10760 spot
- The vwap of the July series is developing at 10886 spot and the POC was at 10770
- The settlement day rollover volume point is at 10572 F.
Weekly Zones :
- Immediate support at 10960F for now.
- Value zones ( volume profile) are at 11151-11131-11124 for tomorrow
a) The auction is well balanced between 11120 and 11155 for now
b) Trade a move away from the balance
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 auction
- The Day type was a Normal variation day
- Vwap of the day was at 27051 with Volumes of 21.9 L and a High – Low of 27085-27035-27012 for a range of 140 points.
- Largest Volume was traded at 27035 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 July series is developing at 26696 spot with POC of 26910
- The settlement day rollover volume point is at 26217 F.
Weekly Zones :
- The 26780 zone is now a support
- Value zones ( volume profile) are at 27085-27035-27012 for tomorrow
a) 27120- 27130 has shown new supply
b) support still good near 26940
For tradeable ideas on these hypos and to check the OrderFlow Live visit the trading room.