Levels and Plan for 5th Oct

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At Vtrender, we give more importance to the Opens than to the Closes. Perhaps, we are one of the very few studies out there which will qualify a day based on the Open and adjust the bias accordingly. We have very strong reasons to give weight-age to the Open Price of the next session over the previous day closing price and the week gone by showed why this is important as 2 opens were rejected by the market. More on Opens at http://vtrender.com/glossary/open/

Nifty Oct 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-05-oct-09-oct15/

Observations in Today’s/ Previous sessions:

(based on Fut prices)

#) The NF profile was an Open Drive towards the previous day’s value area.
#)  vwap of the day was at 7987 with volume of 117.4 L in a  trade which worked an 8037-7952 range of 85 points

#) Day POC was at 7976 levels 

#) Profile created value higher for the third straight day.
#) The OrderFlow of today shows sellers near the Open, however, strong buyers came at day lows.

#) Value areas are at  7996-7975-7964– 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 Oct F)

K.R.A is 7920 ( K.R.A= key reference area)

 

Hypo1 ) If NF auctions above 8004 it could move to 8032 and 8094. SL for this view is 7970

Hypo 2) IF NF auctions below 7946  it could move to 7920 and 7894. Sl for this view is 7985

BankNifty Oct 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-05-oct-09-oct15/

Observations in Today’s/ Previous sessions:

(based on Fut prices)

#) The BNF profile was also an Open drive but in the range of yesterday
#) vwap was at 17293 with volumes of 36.7 L in a trade which worked a 17490-17185 range of 305 points.

#) day POC was at 17235

# Profile again shows support at 17140 again for the session tomorrow

#)OrderFlow shows dip buyers at the lows
#) Value areas are at 17325-17235-17208 for bias. . For using value areas effectively visit: http://vtrender.com/popular-market-profile-trading-setups/

 

Hypothesis :

( Based on Oct Futures)

K.R.A is 17132  ( K.R.A= key reference area)

Hypo1 ) IF BNF auctions above 17330 it could move to 17443 and 17535. Sl for this view is 17230.

Hypo 2) If BNF auctions below 17130 it could move to 17028 and 16982. SL for this view is 17208.

All Hypos to be traded with the mentioned stops and mechanically. If in the trading room, can use the Order Flow to qualify the entry and exit for the hypos.

One thought on “Levels and Plan for 5th Oct

  1. Tracking Hypos

    NF Hypo1 opened near first objective 8032, met second objective at 8094
    NF Hypo2 not activated
    BNF Hypo1 Objectives met at 17443 and 17535
    BNF Hypo2 not activated

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