Evening MarketProfile report dated 27th Aug

An Open drive changed the auction around and we go a break away from the 3-1-3 profile of last week with a close at the upper extreme. Settlement music is playing over 11650 call writers and even 11700 call writers who should fuel the next leg of this settlement move upwards. Destination objective of the break away from 11620 is at 11735- 11752 and the immediate outlook would be to see is we get volume over 11750 immediately. The 11650 zone is now a support. 

A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-27th-to-31st-august/

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:

 

Nf Compo1 18 Evening Marketprofile Report Dated 27Th Aug Auction Market Theory, Marketprofile

 

 

  • The NF Open was an Open Drive Up
  • The day type was a Trend  day
  • Largest volume was traded at 11659 F today
  • Vwap of the session was at 11670 with volumes of 85.7 L in a session which traded a High-Low range of 11713-11614 for 98 points.

Monthly Zones:

  • The vwap of the Aug series is  at 11408 spot and the POC was at 11400
  • The settlement day (JULY) rollover volume point is at 11156 F.

Weekly Zones :

  • Immediate support at 11646/11600  for now.
  • vwap of trend day of 27/08 at 11670 also a support

Daily Zones:

  • Value zones ( volume profile)  are at 11694-11660-11646  for tomorrow

 

Plan :

a) The auction has support at 11670

b) the second zone of support is at 11650

c) the objective of the rise is at 11738 and 11772

 

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 17 Evening Marketprofile Report Dated 27Th Aug Auction Market Theory, Marketprofile

 

 

 

  • The BNF Open was an Open drive up
  • The Day type was a Trend day
  • Vwap of the day was at  28210 with Volumes of 27.3 L and a High – Low of 28290-28025 for a range of 265 points.
  • Largest Volume was traded at 28245 F today

Monthly Zones :

  • The vwap of Aug series is at 27884 spot with POC of 28288
  • The settlement day rollover volume point (JULY)  is at 27436 F.

 

Weekly Zones :

  • The 28130   is now a support
  • The vwap of trend up on 27/08 at 28210 is also a support
  • objective of the rise is at 28356 and 28448

 

Daily Zones:

  • Value zones ( volume profile)  are at 28268-28245-28210  for tomorrow

 

Plan :

a) The 28200 zone is a support

b) supply still prevalent at 28356. 

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