Another gap down and another close at the lows as imbalance seen in the markets continued. In just yetserday’s post, we updated of the move to 10316-10276 as the swing objective of the move below 10590 for the imbalance seen yesterday, and it was hit today. Yesterday’s post at – https://vtrender.com/market-profile-analysis-dated-04th-oct/
The PLR continues to be lower and good traders would not try counter trend trades till they know the market is willing to balance. There is a good imbalance in this move and only the apperance of a balanced profile can bring some short term stability to the auction.
10282 VPOC is the immediate support for the auction but if that is broken Monday or we open below it the path is clear to 10202 and would also put the index on the road to 10004. ON upper probes the immediate supply is at 10483 followed by 10570 and 10660.
A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-01st-oct-to-5th-oct/
Nifty Oct F:
Intraday and swing trading view for Nifty Futures below the chart. ( This chart is Live in the Vtrender Trading Room)
- The NF Open was an Open test drive
- The day type was a Normal variation day
- Largest volume was traded at 10483 F today
- Vwap of the session was at 10464 with volumes of 200.5 L in a session which traded a High-Low range of 10588-10292 for 296 points
For the weekly and other swing levels of the Nifty go to – https://vtrender.com/support-and-resistance-levels-nifty-bank-nifty-futures/
Daily Zones:
- Value zones ( volume profile) are at 10571-10483-10446 for tomorrow
Hypos / Estimates for the next session :
a) Resistance firm at 10483 and would be difficult to cross.
b) 10282 is immediate support
c) 10202 opens up on a probe below 10282
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BNF Oct F:
Intraday Trading strategies using OrderFlow analysis and MarketProfile done Live with a Live analysis in the Vtrender Trading Room
- The BNF Open was an Open auction
- The Day type was a Neutral day
- Vwap of the day was at 24807 with Volumes of 65.8L and a High – Low of 25150-24272 for a range of 877 points.
- Largest Volume was traded at 24878 F today
For the weekly and other swing levels of the BankNifty go to – https://vtrender.com/support-and-resistance-levels-nifty-bank-nifty-futures/
Daily Zones:
- Value zones ( volume profile) are at 25027-24875-24770 for tomorrow
Hypos / Estimates for the next session :
a) The objective of the imbalance is at 24012
b) supply could come back at 24620 on any upper probes
c) Higher resistance is at 24740 and 24840.
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If not a Trading Room member you can get immediate access at – https://in.explara.com/e/vtrender–trading–room/checkout</strong