Imbalance coming back to Balance and then going back into imbalance is a money making strategy if you know Market Profile well and understand all about Imbalances and Balances. Friday’s Market went two-time-frame after the one-way move of Thursday. We got a failed auction in the BankNifty and some excess at the lows in Nifty
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-15-feb-19-feb16/
#) The NF was a normal variation day type but with two-time frames visible again.
#) Vwap of the session was at 6969 with volumes of 226.5 L in a session which traded a 7043-6875 range of 167 points
#) Day POC was at 6980 levels
#) we saw excess at 6875 in today’s profile
#) The trend down day of 11/02 has a vpoc of 7164 and a range extension at 7120.
#) The FA registered at 7606 is over 5 days old and will be marked as a big supply zone rest of this series.
#) The spike between 7434- 7375 remains a ref zone.
#) Value areas are at 7020-6980-6956– for the session tomorrow. For using value areas effectively visit:http://vtrender.com/popular-market-profile-trading-setups/
K.R.A is 7204 Feb F ( K.R.A= key reference area)
and the seller is in control of the trend again.
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-15-feb-19-feb16/
Observations in Today’s/ Previous sessions:
(based on Fut prices)
#) The BNF was a neutral center with an FA at the lows at 13812
#) vwap of the session was at 13974 with volumes of 44.2 L in a session which traded a 14169-13812 range of 357 points
#) day POC was at 13944 levels
#) Got done – //we see the index having broken support at 14777 and on the verge of a move to 13950/ 13180//
#) Value areas are at 14064-13944-13872 for bias. . For using value areas effectively visit: http://vtrender.com/popular-market-profile-trading-setups/
K.R.A is 14700 Feb F ( K.R.A= key reference area)
and the seller is in control of the trend again.