Levels and Plan for 26th Aug

In today’s trades the big support of the year at 7920- 7940 was tested twice and the market closed just under it. The elevated vix coupled with the expiry week pressures will keep things volatile and traders should remain sharp and alert as profits earned can slip away in minutes as would the multiplication of losses. If you cannot read intraday volumes you should stay away from intra day trading for 2- 3 sessions. These are markets dominated by multi- month OTF.


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-24-aug-28-aug15/

Observations in Today’s/ Previous sessions :

(based on Fut prices)

#) The NF  came back to test the broken support of yesterday  in today’s trades
#)  vwap of the day was at 7818  with volume of 244.5 L in a  trade which worked a 7926-7665 range of 261 points
#) The Profile closed again  in Imbalance today and was below VAL as well.

#) OrderFlow shows sellers again at  7920 today.

#) Larger Auction looks like it will stay in a volatile 200 point range of 7750- 7950 for now.

#) Value areas are at 7920-7836-7816– 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 7771 ( K.R.A= key reference area)

Hypo 1) If NF auctions above  7936  then it could move to 7994 and 8074   . Sl for this view 7810.

Hypo 2) If NF auctions below 7810 it could move to 7770 and 7728  Sl for this view is 7916


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-24-aug-28-aug15/

Observations in Today’s/ Previous sessions :

(based on Fut prices)

#) The BNF profile was a neutral extreme 
#) vwap was at 16983 with volumes of 47.3 L in trade which worked a 17275-16642 range of 632 points.

#) OrderFlow shows selling coming from 17350 levels in Sept F.
#) Value areas are at 17176-17140-16900 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 17000 ( K.R.A= key reference area)

Hypo 1) If BNF auctions above  17344 then it could move to 17445  .Sl for this view is 17244

Hypo 2) If BNF auctions below 17110  then it could attempt to move to 17024   . Sl for this view is 17215