Evening report trade dated 04th Feb

Another day and another neutral profile. This one was more balanced today and closed at vwap. It’s a 2-way zone now and profile continues to suggest a lower bias but the short term is balancing again. 

 

 

Nf_Compo1

 

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 another neutral  day and the day closed at vwap

#) Vwap of the session was at 7431  with volumes of 130.2 L in a session which traded a 7478-7377 range of 101 points

#) Day POC was at 7422 levels

#) The FA registered at 7606 is on day T+3.

#) we saw 2 buyers at 7444 and 7512 in the leadup to 7607 and both under water for now this series

#) In the auction of today we attempted to move above the spike lows but the move was cut short even before it hit the previous bracket highs of 7495.

#) Further confirmation of new selling in the index will be if the  weekly closes below 7310. Till then we are treating it as a broad 7350- 7550 range. 

#) We have entered into a 7400 straddle to play out this range.

#) Value areas are at  7446-7422-7410– 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.

 

 

K.R.A is 7444 Feb F ( K.R.A= key reference area) 

and the seller is gaining control of the trend again.

 

Bnf_Compo
 BANKNIFTY FEB F:

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 neutral day though not of the textbook kind.

#) vwap of the session was at 14936 with volumes of 31.6 L in a session which traded a 15077-14787 range of 289 points

#) day POC was at 14965 levels 

#) Spike at 15260-15056 was not covered in the auction of today

#) we see the index having support at 14777 low marked today but below that could signal a fresh impulse to 13950/ 13180

#) Value areas are at 15010-14965-14885 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)