Evening report trade dated 25th Jan

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We had a 2-way auction on Monday. A higher open met with responsive sellers who pushed the auction down to the POC again before some buying came back into the market again.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-25-jan-29-jan16/

#) The NF moved on either side of the composite POC at 7440 and finally closed at same price as Friday last

#) Vwap of the session was at 7450 again with volumes of 144.3 L in a session which traded a 7484-7412 range of 72 points

#) Day POC was at 7458 levels

#) The Profile today again closed at the composite POC of the last few sessions 

#) In trades today we saw our short 7400 ce hit our first target of 45. We are holding it for 26. 

#) We identify 7430 zone with the big 150 point rise made last week with aggressive buying but now the same seems missing

#) However we identify the zone for a 2-way move and will keep 2 options open here for intra trades.

#) Value areas are at  7476-7458-7440– 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 7344 Jan F ( K.R.A= key reference area) 

and the trend is going sideways now.

 

BankNifty Jan 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-25-jan-29-jan16/

Observations in Today’s/ Previous sessions:

(based on Fut prices)

#) The BNF was also a b shaped profile as shorts were seen entering at higher levels

#) vwap of the session was at 15550 with volumes of 30.2 L in a session which traded a 15681-15460 range of 221 points

#) day POC was at 7458 levels 

#) In trades today, we shorted BNF Feb futures near the Open.  

#) The BNF held the pull back lows of 15450 in trades today and is the only point which is a support now.

#) Value areas are at 15575-15565-15485 for bias. . For using value areas effectively visit: http://vtrender.com/popular-market-profile-trading-setups/

 

K.R.A is 15160 JanF  ( K.R.A= key reference area)

 

 The trend is going sideways. 

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