Weekly outlook for the week dated 03rd Sept to 07th Sept (spot prices)

The series of August which concluded on Friday was traded with a vwap of 11444 and highest volume during the series came at 11480. The Nifty trended up through the August series with buyers in total control of the auction and hence the vwap at 11444 will serve as an important pivot in the coming few months.   The BN traded August with a vwap of 27923 and highest volume was traded at 28280. Viewed against the uptrending profile of the Nifty, the Bank index was rangebound and the last 4 weeks were spent in the same range forming a…

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Evening MarketProfile report dated 31st Aug

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…

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Evening MarketProfile report dated 29th Aug

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…

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