Evening report trade dated 12th Feb

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 






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/

#) Discl – When we mention Buyers/ Sellers we point to and infer aggressive players.



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.