We got another neutral day in the markets today but the auction was dominated by the Buyers especially from D period again and the Nifty closed higher as a neutral extreme. The BankNifty was a normal day and primed for a big move tomorrow.
A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-30th-july-to-03rd-aug/
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 rejection lower
- The day type was a neutral day
- Largest volume was traded at 11371 F today
- Vwap of the session was at 11326 with volumes of 61.9 L in a session which traded a High-Low range of 11379-11290 for 88 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 11221 and 11155 F for now.
- Supply expected near 11350 and 11400
Daily Zones:
- Value zones ( volume profile) are at 11379-11370-11313 for tomorrow
Plan :
a) The auction has support at 11295
b) supply expected higher for intraday at 11386 and 11404
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 27775 with Volumes of 23.2 L and a High – Low of 27840-27725 for a range of 114 points.
- Largest Volume was traded at 27810 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 27330 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 27825-27810-27760 for tomorrow
Plan :
a) The 27650 zone is a support
b) supply expected to be back near 27940.
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