A spike into the close today upset a neat little balance in the Nifty and the bank nifty today which confirmed the auction in the 11725-11750 zone seen yesterday. Spike rules apply at the open with easy to trade markers at session lows of today.
A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-27th-to-31st-august/
We have since moved away from the 3-1-3 view highlighted over the weekend and could close the series at the highest point subject to 11700 F holding.
Nifty Aug F:
- The NF Open was an Open auction
- The day type was a Normal day
- Largest volume was traded at 11738 F today
- Vwap of the session was at 11732 with volumes of 103.8 L in a session which traded a High-Low range of 11764-11693 for 70 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 11748-11738-11730 for tomorrow
Plan :
a) The auction has support at 11670
b) the second zone of support is at 11660
c) the objective of the rise is at 11807 and 11853 above 11765
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 day
- Vwap of the day was at 28300 with Volumes of 26.4 L and a High – Low of 28397-28190 for a range of 208 points.
- Largest Volume was traded at 28200 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 28360-28310-28280 for tomorrow
Plan :
a) The 28180 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