The Nifty futures opened gap up and the bounce we expected after hitting the objective of the down move at 11320 has played out. The higher open did not give sellers a chance to open shorts at the mentioned 11530 F levels, but there were attempts made to short near the 11490- 11500 zone as we have been mentioning. Into the close of the session dated Friday, our OrderFlow charts picked up significant sell side imbalances for the move above 11530 F and near the close at 11547 who may try to seize and drive an advantage on Monday at the Open. However, 11480 is now and early support whereas the path upwards and above 11550 points to 11630 and 11725 right above.
A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-17th-sept-to-21st-sept/
The support at 11620 has failed in the index and the aug vwap at 11444 is again a support.
Nifty Sept F:
Intraday and swing trading view for Nifty Futures below the chart. ( This chart is Live in the Vtrender Trading Room)
- The NF Open was an Open auction out of range ( OAOR)
- The day type was a Normal variation day
- Largest volume was traded at 11551 F today
- Vwap of the session was at 11503 with volumes of 88.1 L in a session which traded a High-Low range of 11559-11466 for 93 points
- FA seen at 11297 is on day T+1
Monthly Zones:
- The vwap of the Aug series is at 11444 spot and the POC was at 11480
- The settlement day (Aug ) rollover volume point is at 11739 F.
- Highest Rollover point was at 11772 Sept F
Weekly Zones :
- The weekly profile is a bounce off a VPOC with a minor selling excess at 11600F
- Failed auction zone is 11650F
- Another Failed auction is lower at 11297 ( unvisited T+1)
- The 11720- 11735 scene of crime zone is added supply above the FA point of 11650
- The FA at 11297 is a very important pivot for the next auction.
Daily Zones:
- Value zones ( volume profile) are at 11558-11551-11491 for tomorrow
Plan :
a) The immediate auction now has a support at 11510
b) short is right below 11510 for 11480
c)above 11550 the NF may move to 11578 and 11610
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BNF Sept F:
Intraday Trading strategies using OrderFlow analysis and MarketProfile done Live with Live analysis in the Vtrender Trading Room
- The BNF Open was an Open auction
- The Day type was a Neutral day
- Vwap of the day was at 27172 with Volumes of 29.1 L and a High – Low of 27290-27063 for a range of 226 points.
- Largest Volume was traded at 27205 F today
Monthly Zones :
- The vwap of Aug series is at 27923 spot with POC of 28280
- The settlement day rollover volume point (aug) is at 28232 F.
- Highest Rollover point was at 28232 Sept F
Weekly Zones :
- Supply is heavy at 27360 and 27500 right above
- The 28170 F and 27900 F has also heavy sell side volumes
- spike zone is 27960- 28130.
- support is at 26890 right below.
Daily Zones:
- Value zones ( volume profile) are at 27240-27200-27145 for tomorrow
Plan :
a) The 27160 zone is a support
b) the 27270- 27360 zone has old supply
c) A failure below 27140 can send it down to 26900 quickly
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live , subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://in.explara.com/e/vtrender–trading–room/checkout