Evening report trade dated 14th Jan

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We had a repeat of yesterday’s auction with Buyers at the lows and sellers showing up again near 7600 levels. The Larger Move is now in Step 2 of the Distribution post the IPM from 7950 levels. The next trending move is only when this part of the distribution is settled.

 

Nf_compo1

 

 

Background / Previous Auctions :

Weekly levels: We have done a review on weekly charts at: http://vtrender.com/nifty-bn-weekly-view-spot-for-11-jan-15-jan16/

(based on Fut prices)

#) The NF was a Normal Variation day with close around vwap

#) Vwap of the session was at 7531  with volumes of 191.1 L in a session which traded a 7617-7454 range of 162 points

#) Day POC was at 7536

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

#) The auction of today was inside yesterday’s range mostly 

#) The Profile is hinting at a balance formation here in a largish 7430- 7640 range. 

#) We closed the new positional shorts from yesterday  today on the gap down and would remain flat for now 

#) Value areas are at  7596-7536-7500– 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 7762 F ( K.R.A= key reference area) 

and the trend has gone sideways now

 

 

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-11-jan-15-jan16/

Observations in Today’s/ Previous sessions:

(based on Fut prices)

#) The BNF was a 3-1-3 profile.

#) vwap of the session was at 15626 with volumes of 39.8 L in a session which traded a 15808-15455 range of 353 points

#) day POC was at 15584 levels 

#) Auction is showing a sideways nature now and 16200 is the resistance at highs

#) Value areas are at 15688-15584-15552  for bias. . For using value areas effectively visit: http://vtrender.com/popular-market-profile-trading-setups/

 

K.R.A is 16525 F  ( K.R.A= key reference area)

 

 The trend is going sideways.

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