Evening report trade dated 15th Feb

We trended up today and away from the Profile dated 02/12 into the supply from the profile dated 11/02. At the close the OrderFlow showed us sellers coming back into the rise but the profile was seen closing above the 7150 mark which did not point to major weakness yet. 7150- 7205 is the band to watch for the next 200 points in the index this week. 240 points not 200. 

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-15-feb-19-feb16/

#) The NF was a trend day with a Buyer in control mostly

#) Vwap of the session was at 7154 with volumes of 153.7 L in a session which traded a 7194-7059 range of 135 points

#) Day POC was at 7160 levels

#) we saw another buying excess at 7059 today to add to the one from 6875 from Friday.

#) The trend down day of 11/02 was covered in today’s profile mostly.

#) The profile is poised to signal a move either to the 2 vpoc’s above or the one below 

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

#) The spike between 7434- 7375 remains a ref zone.

#) Value areas are at  7184-7160-7136– 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 7204 Feb F ( K.R.A= key reference area) 

and the trend has gone sideways 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-15-feb-19-feb16/

Observations in Today’s/ Previous sessions:

(based on Fut prices)

#) The BNF was a trend day with a P which showed shortcovering early

#) vwap of the session was at 14409 with volumes of 37.1 L in a session which traded a 14358-14069 range of 468 points

#) day POC was at 14448 levels 

#) The session cleared the anomalies from the profile dated 11/02

#) The FA seen on 12/02 at 13812 in on day T+1

#) Value areas are at 14500-14448-14348 for bias. . For using value areas effectively visit: http://vtrender.com/popular-market-profile-trading-setups/

 

K.R.A is 14700 Feb F  ( K.R.A= key reference area)

and the seller is in control of the trend again.