Yesterday we had noted the presence of a seller at 10415 and mentioned as much in yesterday’s report – https://vtrender.com/market-profile-analysis-dated-08th-oct/. What stood out yesterday also was the Failed auction at 10212.
In today’s auction, we got a Failed Auction at 10424 and a very sharp responsive seller at 10421. I have seen this kind of high intent sellers in our OrderFlow charts earlier at 10598 F last Thursday and 10900 on the 3rd of Oct which sparked this second leg lower. Still smaller compared to the big sell-side rollovers on settlement day near 11080 this would be lower but point to a series going further south again.
The destination objective remains 9600 for this leg of the market downwards and rises need to be used to liquidate long inventory and build short positions.
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 auction
- The day type was a Neutral day
- Largest volume was traded at 10340 F today
- Vwap of the session was at 10353 with volumes of 137.8 L in a session which traded a High-Low range of 10424-10291 for 132 points
- We got an FA at 1021 which was on day T+1 today
- We also have another FA at 10424 today
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 10389-10340-10326 for tomorrow
Hypos / Estimates for the next session :
a) Resistance firm at 10340- 10360
b) 10212 is immediate support
c) 10421-10380-10340-10300-10230 are the zones to watch for OrderFlow behavior
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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 24655 with Volumes of 40.8L and a High – Low of 24842-24510 for a range of 331 points.
- Largest Volume was traded at 24655F today
- FA seen at 24285 F yesterday on day T+1
- FA also at 24842 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 24742-24655-24605 for tomorrow
Hypos / Estimates for the next session :
a) The objective of the imbalance is at 24012
b) supply could come back at 24840 on any upper probes
c) Higher resistance is at 25040 and 25112
d) zones to watch for OrderFlow are at 24760-24655-24540-24335
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://in.explara.com/e/vtrender–trading–room/checkout</strong