Evening report trade dated 04th Jan

On a Volume of 163 L we saw a swift rejection of the low volume profiles of the last 15 days and the close came just under the vwap of the December series.Whilst the selling did get emotional below 7850, fact remains that it was a high volume trend day sell off and we will be watching the vwap of the trend day near 7850 for a change in the impulse if any.

 

Nf_Compo1 1

 

Background / Previous Auctions :

Weekly levels: We have done a review on weekly charts at:  http://vtrender.com/nifty-bn-weekly-view-spot-for-04-jan-08-jan16/

(based on Fut prices)

#) The NF was a trend day lower

#) Vwap of the session was at 7844 with volumes of 163.1 L in a session which traded a 7947-7792 range of 155 points

#) Day POC was at 7806 and near the lows of the session

#) The NF shows rejection of Friday’s upper distribution and a reconfirmation of the selling seen near 7980 spot last month

#) The composite POC at 8022 from dec still holds the bias 

#) Value areas are at  7878-7806-7797– for the session tomorrow. For using value areas effectively visit:http://vtrender.com/popular-market-profile-trading-setups/

#) Discl – When we mention Buyers/ Sellers we point to and infer aggressive players.

 

Hypothesis :

(based on Jan F)

K.R.A is 8032 ( K.R.A= key reference area)

We are doing some changes to the Hypo projections during which, these would be available only to our private trading group 

 

BankNifty Dec F:

Bnf_Compo

 

Background/ Previous Auctions :

Weekly levels: For Banknifty we have updated a spot auction view with a chart at:  http://vtrender.com/nifty-bn-weekly-view-spot-for-04-jan-08-jan16/

Observations in Today’s/ Previous sessions:

(based on Fut prices)

#) The BNF was also a Trend day lower

#) Vwap was at 16738 with volumes of 35 L in a session which traded a 17000-16603 range of 397 points

#) day POC was at 16640 levels 

#) Value areas are at 16795-16640-16605 for bias. . For using value areas effectively visit: http://vtrender.com/popular-market-profile-trading-setups/

 

Hypothesis :

( Based on Nov Futures)

K.R.A is 17210  ( K.R.A= key reference area)

 

 We are doing some changes to the Hypo projections during which, these would be available only to our private trading group