Levels and Plan for 11th Aug

The NF closed in a spike today in a session which saw sellers come at the highs and dropped off quickly below 2 day lows. However OrderFlow showed buyers climbing back at the close.

 

Nifty Aug F :

 

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-10-aug-14-aug15/

 

Observations in Today’s/ Previous sessions :

(based on Fut prices)

#) NF Profile showed a spike into the close . Spike rules apply at Open.
#)  vwap of the day was at 8605  with volume of 92.1 L (More than the Previous session)
#) The Profile showed an auction in the upper distribution of thursday today but fell quickly when VAH was broken

#) Larger Auction looks trapped in a 130 point range between 8535F and 8662F

#) Some sellers were again seen near 8640  today but buyers came at 8520-35 zone.

#) Buying again was seen at 8336 , the same kind as the one we had noted back on 10/ 11 july.

 

#) Value areas are at 8626-8528-8518– 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.

 

Hypothesis :

(based on Aug F)

K.R.A is 8567 ( K.R.A= key reference area)

Hypo 1) If NF auctions above 8567  then it could move to 8613  . Sl for this view 8533

Hypo 2) If NF auctions below 8535 it could move to 8503 and 8471. Sl for this view is 8569.

 

BankNifty Aug 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-10-aug-14-aug15/

Observations in Today’s/ Previous sessions :

(based on Fut prices)

#) The BNF profile auctioned within the composite balance of the past few sessions
#) vwap was at 19067  with volumes of 25.5 L  ( Less than the previous session)

#) Auction shows a poor high at 19149 in the traded session today

#) The auction closed in a spike and spike ruled apply at open.

#) A buying tail also visible at 18305 
#) Value areas are at 19145-19100-19005 for bias. . For using value areas effectively visit : http://vtrender.com/popular-market-profile-trading-setups/

 

Hypothesis :

( Based on Aug Futures)

K.R.A is 18980 ( K.R.A= key reference area)

Hypo 1) If BNF auctions above  18980 then it could move to 19065 and 19150 . Sl for this view is 18880.

Hypo 2) If BNF auctions below 18840 then it could attempt to move to 18770   . Sl for this view is 18955