The first day of a new series saw a trend up move which carried the indices to session highs by close.
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-01-feb-05-feb16/
#) The NF was a trend day higher.
#) Vwap of the session was at 7514 with volumes of 155.1 L in a session which traded a 7580-7504 range of 175 points
#) Day POC was at 7568 levels
#) Post trend day for the next session, the dpoc and the vwap of the trend day have significance
#) The trending move was expected and came about today and the NF hit over 7560 F
#) Value areas are at 7575-7568-7473– for the session tomorrow. For using value areas effectively visit:http://vtrender.com/popular-market-profile-trading-setups/
K.R.A is 7444 Feb F ( K.R.A= key reference area)
and the trend is going sideways now.
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-01-feb-05-feb16/
Observations in Today’s/ Previous sessions:
(based on Fut prices)
#) The BNF was a trend day
#) vwap of the session was at 15370 with volumes of 37.1 L in a session which traded a 15578-15171 range of 400 points
#) day POC was at 15384 levels
#) Value areas are at 15560-15384-15304 for bias. . For using value areas effectively visit: http://vtrender.com/popular-market-profile-trading-setups/
K.R.A is 15174 Feb F ( K.R.A= key reference area)