Market Profile analysis dated 12th Oct

The auction of the day dated 12th Oct was a P shaped Profile. In Market Profile we identify the P shaped profile as a short covering Profile and this we see real time.

 

The EOD data which is posted on the blog every day also pointed to FII’s closing short positions in Index Futures yesterday. You can track the daily report of inventory changes by retail and institutional players at – https://vtrender.com/participantwise-oi-12th-oct-2018/

 

This report is updated daily.

 

A P shaped profile would mean that the Buyers have to build volume over the Value Area for next few sessions to force further short covering. The Base of the P at 10321 is now the immediate support for next few sessions.

 

The bigger auction is at the crossroads and the zone between 10510- 10600 would be a minefield to negotiate both for the new buyers and the shorts of Oct.

 

 

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 8 Market Profile Analysis Dated 12Th Oct

 

 

 

  • The NF Open was an Open drive
  • The day type was a Normal variation  day in a P shaped profile
  • Largest volume was traded at 10480 F Friday
  • Vwap of the session was at 10464  with volumes of 126.9 L in a session which traded a High-Low range of 10509- 10321  for 187 points
  • We got an FA at 10212 which was visited on day T+3 . However, the auction did not settle below 10212.
  • The other  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/

 

( has monthly and weekly Profile charts updated to trade date 12/10)

 

Daily Zones:

  • Value zones ( volume profile)  are at 10497-10480-10442  for tomorrow

 

Hypos / Estimates for the next session :

 

a) Resistance firm at 10560

b) 10420 is immediate support

c) 10480-10450-10424-10388 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 11 Market Profile Analysis Dated 12Th Oct

 

 

 

 

 

  • The BNF Open was an Open drive
  • The Day type was a Normal Variation  day
  • Vwap of the day was at  25364  with Volumes of 44.1 L and a High – Low of 25514-25000 for a range of 514 points.
  • Largest Volume was traded at 25420 F today
  • FA seen at 24285 F yesterday on day T+4

For the weekly and other swing levels of the BankNifty go to – https://vtrender.com/support-and-resistance-levels-nifty-bank-nifty-futures/

The BN Monthly and BN weekly F charts are posted at the same link

Daily Zones:

  • Value zones ( volume profile)  are at 25450-25420-25330 for tomorrow

 

Hypos / Estimates for the next session :

a) The near support is at 25340

b) supply could come back at 25550 on any upper probes

d) zones to watch for OrderFlow are at 25550-25330-25220

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