On settlement day the auction opened up and on the move down met responsive buyers who closed the series at the highs. Unlike last series which closed at the lows, this was a series dominated by the Buyers and closed near the highest point.
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 Aug F:
- The NF Open was an Open auction
- The day type was a Normal Variation day
- Largest volume was traded at 11196 F today
- Vwap of the session was at 11191 with volumes of 102.3 L in a session which traded a High-Low range of 11215-11153 for 61 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 10960F for now.
Daily Zones:
- Value zones ( volume profile) are at 11201-11200-11188 for tomorrow
Plan :
a) The auction has support at 11190
b) The second line of support is at 11155
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 27313 with Volumes of 22.9 L and a High – Low of 27476-27107-27012 for a range of 370 points.
- Largest Volume was traded at 27435 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 26780 zone is now a support
- The vwap of trend up on 26/07 at 27313 is also a support
Daily Zones:
- Value zones ( volume profile) are at 27450-27420-27315 for tomorrow
Plan :
a) The 27330 zone is a good support
b) upsides can continue to 27590
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