Evening report trade dated 27th Jan

At the close of the session today the Nifty was inside Monday’s range and forming a Gaussian curve with a POC near 7440 which incidentally also happens to be the largest trade exchange price or POC of the January contract. Settlement day is tomorrow and a part of me is feeling that this 7440 zone has become a prominent number of the series and should close here but the 2-day profile also looks complete and it could mean a wild swinging move in the last hour tomorrow. So we remain open and banking on OrderFlow to take us through the session tomorrow.Nf_Compo1

 

 

Background / Previous Auctions :

Weekly levels: We have done a review on weekly charts at: http://vtrender.com/nifty-bn-weekly-view-spot-for-25-jan-29-jan16/

#) The NF was an inside day today within Monday’s range

#) Vwap of the session was at 7439 again with volumes of 157 L in a session which traded a 7473-7415 range of 58 points

#) Day POC was at 7437 levels

#) The Profile today again closed at the composite POC of the last few sessions as also the series of Jan.

#) In trades today we closed our 7400 ce short at 42 when we saw heavy buyers coming at 38 in the contract. 

#) We identify 7430 zone with the big 150 point rise made last week with aggressive buying but now the same seems missing

#) The 2-day profile looks complete and chances of a move out doing 100 plus points is very large tomorrow,

#) Value areas are at  7446-7434-7422– 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 7344 Jan F ( K.R.A= key reference area) 

and the trend is going sideways now.

 

BankNifty Jan F:

Bnf_Compo

 

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-25-jan-29-jan16/

Observations in Today’s/ Previous sessions:

(based on Fut prices)

#) The BNF tried to break lower at the open but pulled back inside the range 

#) vwap of the session was at 15512 with volumes of 34.9 L in a session which traded a 15629-15412 range of 216 points

#) day POC was at 15520 levels 

#) In trades today, we closed our BNF short around 15485 Feb F. There is a lot of noise in the last 2 days of the expiring contract and we will take a fresh view on Friday. 

#) The BNF did not manage the auction below 15450 well today. 

#) Value areas are at 15584-15520-15456 for bias. . For using value areas effectively visit: http://vtrender.com/popular-market-profile-trading-setups/

 

K.R.A is 15160 JanF  ( K.R.A= key reference area)