Levels and Plan for 21st Aug

Finally the seller from 8510+ prevailed over the buyers from 8440 levels creating a 100 point drop in 3 hours of a range which was consolidating for 3 days in 100 points. It’s just the way the market works and we await a test of 8280 F in the coming 2 sessions to see where the next swing would be.


Nifty Aug F :





Background / Previous Auctions :

Weekly levels : We have done a review on weekly charts at : http://vtrender.com/nifty-bn-weekly-view-spot-for-17-aug-21-aug15/


Observations in Today’s/ Previous sessions :

(based on Fut prices)

#) The NF profile shows a break below the 3 day balance which has potential to drag the index down to 8150 levels.
#)  vwap of the day was at 8436  with volume of 142.1 L in a  trade which worked a 8504-8358 range
#) The Profile closed near session lows today in Imbalance.

#) OrderFlow shows sellers at 8480 and at  8420 levels

#) Larger Auction is now pointing to 8150 being visited in the next few sessions.

#) Value areas are at 8462-8378-8360– 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 8335 ( K.R.A= key reference area)

Hypo 1) If NF auctions above  8404  then it could move to 8437   . Sl for this view 8370.

Hypo 2) If NF auctions below 8335 it could move to 8285  Sl for this view is 8385.


BankNifty Aug F :



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-17-aug-21-aug15/

Observations in Today’s/ Previous sessions :

(based on Fut prices)

#) The BNF profile shows buyers from 18650 liquidating positions on persistent selling from above.
#) vwap was at 18511  with volumes of 39.1 L in trade which worked a 18743-18240 range

#) Day type was a DD trend day which closed near the lows.
#) Value areas are at 18635-1832018245 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 18157 ( K.R.A= key reference area)

Hypo 1) If BNF auctions above  18510 then it could move to 18666 .Sl for this view is 18410

Hypo 2) If BNF auctions below 18157 then it could attempt to move to 17985   . Sl for this view is 18255