Market Profile analysis dated 11th Oct

Yesterday’s move was all about sellers getting into advantageous pricing. We mentioned as much in the report and analysis done in the evening – https://vtrender.com/market-profile-analysis-dated-10th-oct/

 

Traders who are not very familiar with the way the markets work or the fact that they are in sync with each other,  often get bewildered by big moves such as the gap down we saw today. They look for answers in various outside markets such as the Dow, SGX etc. But the truth is that the information is always present in the charts of the traded instruments and the traders of today are very smart in foreseeing an impact of a move in another market and rush to build positions in the instruments they trade actively.

 

In hindsight, most traders would think that the gap down of today was due to the weak overseas markets. Such thinking underestimates the trading capabilities of many institutions who trade elsewhere and in other markets, and can see what can happen a few days ahead. The selling we saw yesterday was building in the weakness evident in the overseas charts and hence positions were established yesterday. The gap down happened today but even if it had not the selling would still have managed to get to 10200 F

The FA at 10212 stands visited and the auction of the day did not build a large sell-side volume below 10210.

 

In fact, OrderFlow charts picked up significant short covering at the open and shorts actually came higher near 10350.  The next leg down to 10000 begins on Volume being generated below 10200 F. Till that happens the trade would likely be between 10200- 10350F

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 7 Market Profile Analysis Dated 11Th Oct

 

 

  • The NF Open was an Open auction off range
  • The day type was a Normal variation  day
  • Largest volume was traded at 10200 F today
  • Vwap of the session was at 10252  with volumes of 195.8 L in a session which traded a High-Low range of 10370-10155  for 214 points
  • We got an FA at 10212 which was visited on day T+3 today
  • The other We  FA at 10424 stands negated.

 

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 10273-10200-10186   for tomorrow

 

Hypos / Estimates for the next session :

 

a) Resistance firm at 10352

b) 10200 is immediate support

c) 10190-10230-10295-10352  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 9 Market Profile Analysis Dated 11Th Oct

 

 

 

  • The BNF Open was an Open auction
  • The Day type was a Normal Varaiation day
  • Vwap of the day was at  24786  with Volumes of 64.7 L and a High – Low of 24927-24510 for a range of 487 points.
  • Largest Volume was traded at 24697 F today
  • FA seen at 24285 F yesterday on day T+3
  • FA at 24842 was visited

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 24827-24697-24600 for tomorrow

 

Hypos / Estimates for the next session :

a) The near support is at 24600

b) supply could come back at 25220 on any upper probes

d) zones to watch for OrderFlow are at 25070- 25220-24856-24700- 24510

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