Evening report trade dated 29th Jan

The first day of a new series saw a trend up move which carried the indices to session highs by close.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-01-feb-05-feb16/

#) The NF was a trend day higher.

#) Vwap of the session was at 7514   with volumes of 155.1 L in a session which traded a 7580-7504 range of 175 points

#) Day POC was at 7568  levels

#) Post trend day for the next session,  the dpoc and the vwap of the trend day have significance

#) The trending move was expected and came about today and the NF hit over 7560 F

#) Value areas are at  7575-7568-7473– 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 trend is going sideways now.



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 trend day

#) vwap of the session was at 15370 with volumes of 37.1 L in a session which traded a 15578-15171 range of 400 points

#) day POC was at 15384 levels 

#) Value areas are at 15560-15384-15304 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)