Evening report trade dated 09th Feb

Another neutral profile today bu we closed near day center and vwap. The gap down from the previous session range saw covering near 7296 but sellers continued to sell the highs near 7350.

 

Nf_Compo1

 

 

NIFTY FEB F: 

Background / Previous Auctions :

Weekly levels: We have done a review on weekly charts at:  http://vtrender.com/nifty-bn-weekly-view-spot-for-08-feb-12-feb16/

#) The NF was another neutral  day and the day closed at the vwap

#) Vwap of the session was at 7323  with volumes of 139.4 L in a session which traded a 7353-7295 range of 58 points

#) Day POC was at 7326 levels

#) The FA registered at 7606 is over 5 days old and will be marked as a big supply zone rest of this series.

#) Today’s neutral day was below the spike lows seen yesterday and left a gap between 7353 and 7369.

#) In the auction of today huge selling came near 7350 but there was short covering seen near 7296.

#) Value areas are at  7338-7326-7308– 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.

 

 

K.R.A is 7444 Feb F ( K.R.A= key reference area) 

and the seller is in control of the trend again.

 

 BANKNIFTY FEB 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-08-feb-12-feb16/

Observations in Today’s/ Previous sessions:

(based on Fut prices)

#) The BNF was a normal variation day.

#) vwap of the session was at 14917 with volumes of 33.1 L in a session which traded a 15015-14796 range of 219 points

#) day POC was at 14904 levels 

#) we see the index having support at 14777 low  but below that could signal a fresh impulse to 13950/ 13180

#) Value areas are at 14936-14904-14872 for bias. . For using value areas effectively visit: http://vtrender.com/popular-market-profile-trading-setups/

 

K.R.A is 14970 Feb F  ( K.R.A= key reference area)