Market Profile analysis dated 10th Oct

Yesterday we had noted the presence of a seller at 10421  and mentioned as much in yesterday’s report – https://vtrender.com/market-profile-analysis-dated-09th-oct/

 

In today’s auction, we got a sharp move above the 10420 zone very early at the Open. But what stood out was the higher prices were used to sell by aggressive sellers who seized on the opportunity to add huge positions.  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)

 

Nf Compo1 6 Market Profile Analysis Dated 10Th Oct

 

 

 

 

  • The NF Open was an Open drive
  • The day type was a Nornal variation  day
  • Largest volume was traded at 10465 F today
  • Vwap of the session was at 10434  with volumes of 126.8 L in a session which traded a High-Low range of 10489-10324  for 165 points
  • We got an FA at 10212 which was on day T+2 today
  • We also have another FA at 10424 which was negated 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 10479-10465-10426  for tomorrow

 

Hypos / Estimates for the next session :

 

a) Resistance firm at 10490 and 10520

b) 10352 is immediate support

c) 10465-10420-10352  are the zones to watch for OrderFlow behavior

 

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

 

BNF Oct F:

Intraday Trading strategies using OrderFlow analysis and MarketProfile done Live with a Live analysis in the Vtrender Trading Room

 

Bnf Compo1 8 Market Profile Analysis Dated 10Th Oct

 

 

  • The BNF Open was an Open Drive
  • The Day type was a Trend day
  • Vwap of the day was at  25067  with Volumes of 61.6 L and a High – Low of 25361-24586 for a range of 775points.
  • Largest Volume was traded at 25217 F today
  • FA seen at 24285 F yesterday on day T+2
  • FA at 24842 was visisted

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 25360-25217-24985 for tomorrow

 

Hypos / Estimates for the next session :

a) The near support is at 25217

b) supply could come back at 25560 on any upper probes

d) zones to watch for OrderFlow are at 25217-24856-24651

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