Evening report trade dated 22nd Feb

The failed auction on Friday at 7151 is on day T+1. Mean-while the NF hit VPOC at 7255 and promptly showed old sellers returning. The vwap of the series of Feb is also around 7264. The auction has to decide here to do the higher VPOC near 7320 or run down to rectify the FA at 7151.  

 

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-22-feb-26-feb16/

#) The NF was a normal distribution with a prominent POC at 7232

#) Vwap of the session was at 7233 with volumes of 105.9 L in a session which traded a 7258-7211 range of 46 points

#) Day POC was at  7232 levels

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

#) Value areas are at  7240-7232-7216– 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 7320 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-22-feb-26-feb16/

(based on Fut prices)

#) The BNF was a Normal day

#) vwap of the session was at 14396 with volumes of 30.1 L in a session which traded a 14474-14315 range of 159 points

#) day POC was at 14412 levels 

#) The excess at 14588 remains

#) The FA seen on 12/02 at 13812 has not been visited 

#) Value areas are at 14412-14410-14340 for bias. . For using value areas effectively visit: http://vtrender.com/popular-market-profile-trading-setups/

 

K.R.A is 14625  Feb F  ( K.R.A= key reference area)

and the trend has gone sideways again.