On the first day of the new series of September, the auction swept up higher at the open to test the highs of the week, where responsive selling emerged to push the index lower and back to the open price. Near the lows of 11690, a second round of responsive buying was seen similar to the one we witnessed on settlement Thursday. The auction in the Nifty closed as a Normal distribution having tested the highs and lows of the previous 3 sessions.
A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-03rd-sept-to-07th-sept-spot-prices/
Nifty Sept F:
- The NF Open was an Open drive up which failed
- The day type was a Normal day
- Largest volume was traded at 11735 F today
- Vwap of the session was at 11725 with volumes of 94.6 L in a session which traded a High-Low range of 11793-11686 for 106 points
Monthly Zones:
- The vwap of the Aug series is at 11444 spot and the POC was at 11480
- The settlement day (Aug ) rollover volume point is at 11739 F.
- Highest Rollover point was at 11772 Sept F
Weekly Zones :
- Immediate support at 11630F for now.
- the second zone of support is at 11580
- The auction objective if 11790 is crossed is at 11885-11910.
Daily Zones:
- Value zones ( volume profile) are at 11745-11733-11700 for tomorrow
Plan :
a) The auction has support at 11690
b) the second zone of support is at 11650
c) the objective of the rise is at 11776
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 Sept F:
- The BNF Open was an Open auction
- The Day type was a Normal day
- Vwap of the day was at 28191 with Volumes of 29.1 L and a High – Low of 28310-28108 for a range of 180 points.
- Largest Volume was traded at 28190 F today
Monthly Zones :
- The vwap of Aug series is at 27923 spot with POC of 28280
- The settlement day rollover volume point (aug) is at 28232 F.
- Highest Rollover point was at 28232 Sept F
Weekly Zones :
- The 28000 is now a support
- The 28110 zone is a higher support
- supply still dominant near 28450=28476
Daily Zones:
- Value zones ( volume profile) are at 28230-28190-28142 for tomorrow
Plan :
a) The 28080 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