Levels and Plan for 27th Aug

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With settlement for Aug series tomorrow, we have added volatility in the form of a vix above 25 which is giving a 150- 200 point range in the Nifty for the past 3 sessions. Calling the settlement is not going to be easy. In the past 3 sessions in this new range FII’s have added 302954 new longs against 269043 new shorts and retail have added 106810 new longs against 124064 new shorts. That data shows how close the balance is in the new range . We have posted 3 day consolidated profile on the blog a while back

 

Nifty Aug F :

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-24-aug-28-aug15/

Observations in Today’s/ Previous sessions :

(based on Fut prices)

#) The NF  finished in balance though at the lows of the session
#)  vwap of the day was at 7858  with volume of 188 L in a  trade which worked a 7939-7785 range of 154 points
#) The Profile shows the formation of a balance finally

#) OrderFlow shows sellers again at  7920 today for the third straight session

#) Larger Auction may be getting ready to move away from the volatile 200 point range of 7750- 7950 it has been in

#) Value areas are at 7894-7860-7798– 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.

 

Hypothesis :

(based on Aug F)

K.R.A is 7771 ( K.R.A= key reference area)

Hypo 1) If NF auctions above  7839  then it could move to 7894 and 7945   . Sl for this view 7740.

Hypo 2) If NF auctions below 7736 it could move to 7682   Sl for this view is 7816

 

BankNifty Aug 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-24-aug-28-aug15/

Observations in Today’s/ Previous sessions :

(based on Fut prices)

#) The BNF profile was a neutral extreme close again on the lower side today
#) vwap was at 17021 with volumes of 36.8 L in trade which worked a 17175-16875 range of 296 points.

#) OrderFlow shows selling coming from 17150 levels in Sept F.
#) Value areas are at 17120-16952-16900 for bias. . For using value areas effectively visit : http://vtrender.com/popular-market-profile-trading-setups/

 

Hypothesis :

( Based on Aug Futures)

K.R.A is 17000 ( K.R.A= key reference area)

Hypo 1) If BNF auctions above  16999 then it could move to 17105  .Sl for this view is 16904

Hypo 2) If BNF auctions below 16800  then it could attempt to move to 16673   . Sl for this view is 16905

2 thoughts on “Levels and Plan for 27th Aug

  1. Tracking Hypos

    NF Hypo1 Opened above first objective and met second objective at 7945
    NF Hypo2 not activated
    BNF Hypo1 Opened above 17105 objective
    BNF Hypo2 not activated

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