Levels and Plan for 2nd Dec

The expected trend day did not materialise today, but as every Market profiler out there knows, it’s been delayed not cancelled and the odds of seeing one have just increased over yesterday. Most People ask which direction the trending move would go to, but it’s not for the profiler to go ahead and predict, he is a follower who will follow the cues of the market and trade the direction the market shows him. Have 2 plans and follow what the market shows you.

Nifty Dec F:


Nf_Compo1 1



Background / Previous Auctions :

Weekly levels: We have done a review on weekly charts at:http://vtrender.com/nifty-bn-weekly-view-spot-for-30-nov-04-dec15/

Observations in Today’s/ Previous sessions:

(based on Fut prices)

#) The NF was a Normal day  again and with a Gaussian Profile ( 2 days in a row)

#) Vwap of the session was at 7984 with volumes of 81.2 L in a session which traded a range of 8005-7961 of 44 points

#) Day POC was at 7978 levels for the second straight session

#) As mentioned yesterday we see a trending move out of this profile and the pssibility of the same went up today

#) 8048 and 7912 are the first destination trades for the current auction from POC

#) 7910 NF is the support roughly now below the index can drop to 7848 and even 7782 quickly

#) Value areas are at  7992-7978-7962– 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 Dec F)

K.R.A is 7905 ( K.R.A= key reference area)


Hypo1 ) If NF auctions above 8004 it could move to 8036 and 8072.  SL for this view is 7966

Hypo 2) IF NF auctions below 7958 it could move to 7923 and 7868. Sl for this view is 7987

BankNifty Dec 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-30-nov-04-dec15/

Observations in Today’s/ Previous sessions:

(based on Fut prices)

#) The BNF was a neutral day with a Move above IBH showing us singles

#) Vwap was at 17483 again with volumes of 25.3 L in a session which traded a range of 17577-17410 of 167 points

#) day POC was at 17474 levels again

#) We saw hesitation in the BN near the 17570 mark again today and the BNF does not seem to be keen to move abvove yet

#) The profile has value higher and the higher probability move is a further push to 17770 F during the week, provided we take out the weekly resistance mentioned.

#) Value areas are at 17512-17478-17460 for bias. . For using value areas effectively visit: http://vtrender.com/popular-market-profile-trading-setups/


Hypothesis :

( Based on Nov Futures)

K.R.A is 17080  ( K.R.A= key reference area)

Hypo1 ) IF BNF auctions above 17540  it could move to 17596 and 17640. Sl for this view is 17440.

Hypo 2) If BNF auctions below 17420 it could move to 17375 and 17300. SL for this view is 17525.

All Hypos to be traded with the mentioned stops and mechanically. If in the trading room, can use the Order Flow to qualify the entry and exit for the hypos.