The imbalance continued again and the Open test drive gave a close which was lower and near the lows of Friday’s big range day. We expected buyers in the “G” period to respond today to the lower value and though “G” lows was defended all through the buyers were unable to auction the zone above 11050. Knowing the “G” auction is an important concept in Market Profile especially if you see imbalances. For the session tomorrow supply would still come around 11050- 11070 and path of least resistance remains downwards. 11180 has been established as the dominant level by sellers early today and the auction can run down swiftly to 10806 and 10750 if the “G” period lows of today are broken.
From a Market Profile and Order Flow point of view for Friday’s session, our charts picked up massive sell side pressure at 11222 later in the day and the transition volume at 11355-11360.. Thus higher levels on a bounce will continue to attract selling as the week rolls on.
A weekly outlook was updated on Saturday at –https://vtrender.com/market-profile-view-and-charts-for-the-week-of-24th-to-28th-sept/
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 test drive lower
- The day type was a Trend day
- Largest volume was traded at 11045 F today
- Vwap of the session was at 11045 with volumes of 157.7 L in a session which traded a High-Low range of 11185-10969 for 215 points
- FA seen at 11297 visited on day T+3. 2 ATR of the move at 11000.
Monthly Zones:
- The vwap of the Aug series is at 11444 spot and the POC was at 11480
- The vwap of the Sept series is at 11444 spot and the POC was at 11540
- The settlement day (Aug ) rollover volume point is at 11739 F.
- Highest Rollover point was at 11772 Sept F
Weekly Zones :
- The weekly profile has a sell-side excess at 11490
- The weekly profile also had a minor selling excess at 11600Fin the week prior
- Failed auction zone is 11650F
- Another Failed auction is lower at 11297 ( visited T+3)
- The 11350 zone has active sellers and should meet more selling if price goes there
- 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 11091-11045-10976 or tomorrow
Plan :
a) The immediate auction now has a support at 10970
c)supply at 11050 and 11120 for the auction on any upmoves
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BNF Sept F:
Intraday Trading strategies using OrderFlow analysis and MarketProfile done Live with a Live analysis in the Vtrender Trading Room
- The BNF Open was an Open drive down
- The Day type was a Trend day
- Vwap of the day was at 25256 with Volumes of 57.3 L and a High – Low of 25750-24940 for a range of 809 points.
- Largest Volume was traded at 25200 F today
Monthly Zones :
- The vwap of Aug series is at 27923 spot with POC of 28280
- The vwap of Sept series is at 26970 spot with POC of 27360
- 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 26540 and 27320 right above
- The 26330 F and 26000 F has also heavy sell side volumes
- support is at 25220
Daily Zones:
- Value zones ( volume profile) are at 25365-25200-25075 for tomorrow
Plan :
a) The 25360 zone has new supply
b) the 26200 zone also has supply
c) support is at 24900
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