Levels and Plan for 31st Aug

The first day of a new series of September traded above the settlement closing price of August and retested the gap lows from Monday last in a trade which may have given some confidence to bulls after a messy start to the week.OrderFlow shows heavy selling coming back from 8116 levels and minor supportive buying at 7990 to protect downfall.


Nifty Sept F :






Background / Previous Auctions :

Weekly levels : We have done a review on weekly charts at : http://vtrender.com/nifty-bn-weekly-view-spot-for-31aug-04-sept15/

Observations in Today’s/ Previous sessions :

(based on Fut prices)

#) The NF  was again a DD which closed near the session lows.
#)  vwap of the day was at 8054  with volume of 170.0 L in a  trade which worked a 8125-7983 range of 142 points
#) The profile tested the gap lows of last monday all morning but found new sellers in the afternoon at the point.

#) Larger Auction is positive above 7967 F but once broken sell side pressure can rise rapidly.

#) Value areas are at 8114-8096-8028– 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 Sept F)

K.R.A is 8057 ( K.R.A= key reference area)

Hypo 1) If NF auctions above 8057  then it could move to 8104   . Sl for this view 8018.

Hypo 2) If NF auctions below 7968 it could move to 7922 and  7891.  Sl for this view is 7999


BankNifty Sept 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-31aug-04-sept15/

Observations in Today’s/ Previous sessions :

(based on Fut prices)

#) The BNF profile was also a DD which closed at the lower end
#) vwap was at 17433 with volumes of 42.4 L in trade which worked a 17660–17152 range of 500 points.

#) OrderFlow shows heavy selling near 17650 but not much aggressive selling noted below 17450.
#) Value areas are at 17656-17460-17320 for bias. . For using value areas effectively visit : http://vtrender.com/popular-market-profile-trading-setups/


Hypothesis :

( Based on Sept Futures)

K.R.A is 17466 ( K.R.A= key reference area)

Hypo 1) If BNF auctions above  17466 then it could move to 17590  .Sl for this view is 17360

Hypo 2) If BNF auctions below 17268  then it could attempt to move to 17150 and 17080   . Sl for this view is 17369


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.