Market Profile analysis dated 17th Oct

A gap up met rejection right at the Open price and the trend day ensured that the close was at the other end.

 

A typical trend day is very important to know and understand and is the difference between being on the right side of the market or wrong.

 

I am speaking at depth on how to read the information from the markets in Mumbai on Nov 3. It’s an all-day event. I’m also doing a primer on #OrderFlow

 

Day schedule, Venue, timings, cost and other details at – https://vtrender.com/market-profile-workshop-on-trading-strategies/#
Register your seat at – https://goo.gl/uNvqbT

 

 

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 17Th Oct

Nf Compo1 12 Market Profile Analysis Dated 17Th Oct

 

 

  • The NF Open was an Open Rejection Reverse
  • The day type was a Trend  day
  • Largest volume was traded at 10631 F Friday
  • Vwap of the session was at 10559 with volumes of 138.2 L in a session which traded a High-Low range of 10700-10423 for 276 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.
  • The vwap of 17/10 at 10558 is the resistance now for rest of series.

 

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 10595-10590-10560 for tomorrow

 

Hypos / Estimates for the next session :

 

a) supply now firm at 10560-10580

b) 10340 is immediate support

c) 10590-10535-10515- 10480 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 14 Market Profile Analysis Dated 17Th Oct

 

 

 

  • The BNF Open was an Open rejection reverse
  • The Day type was a Trend  day
  • Vwap of the day was at 25500 with Volumes of 51.4 L and a High – Low of 25892-25080 for a range of 812 points.
  • Largest Volume was traded at 25460 F today
  • FA seen at 24285 F yesterday on day T+7

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 25840-25462-25405 for tomorrow

 

Hypos / Estimates for the next session :

a) The near support is at 25160

b) the next supply zone is at 25460

d) zones to watch for OrderFlow are at 25760- 25650- 25550 and 25390

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