Levels and Plan for 7th Sept

The inside day broke out right away through an Open Drive down which took the Nifty down 167 points by close.

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-07-sept-11-sept15/

Observations in Today’s/ Previous sessions :

(based on Fut prices)

#) The NF was an open drive but it closed near vwap of the session
#)  vwap of the day was at 7679  with volume of 195.3 L in a  trade which worked a 7800-7632 range of 168 points

#) Day POC was lower at 7660 levels and broke lower from the 7810 it has been at for 3 sessions.
#) TheOrderFlow shows buyers/ shortcovering  at the close 

#) we auctioned below the FA point of 7961 on 01/09 changing the bias 

#) Gap between profiles is 7944- 7961.

#) Larger Auction now shows 7643 as weekly support and we believe dips to this point will be used to build positions for 7950 again. SL for tis view to play out is 7510 during the week.

#) Value areas are at 7688-7664-7656– 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 7604 ( K.R.A= key reference area)

Hypo 1) If NF auctions above 7680  then it could move to 7720 and 7775   . Sl for this view 7636

Hypo 2) If NF auctions below 7605 it could move to 7547 and  7518.  Sl for this view is 7659


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 sh0ws an open drive going lower
#) vwap was at 16093 with volumes of 50.5 L in trade which worked a 16490-15917 range of 572 points.

#) day POC was at 16145 and away from the lows

#)OrderFlow shows shortcovering  at the lows but sellers at the open were stronger

#) Gap between profiles is 17025- 17090.
#) Value areas are at 16160-16128-16000 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 15930 ( K.R.A= key reference area)

Hypo 1) If BNF auctions above  16180 then it could move to 16355 and 16555   .Sl for this view is 16050

Hypo 2) If BNF auctions below 15930  then it could attempt to move to 15775   . Sl for this view is 16065


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.


We take a few more trades based on the emerging Orderflow and the role of the Big players from our live charts. Visit the Trading Room Section for more.