An open drive down in the Nifty ensured a close at the opposite end yet again. The profile was a b but with a spike into the close which hit the VPOC of 11/10.
The PLR remains downwards and it is easy to see that from the past 3 sessions with the opens and the range extensions it is the sellers who are doing a better job.
The last 3 auctions on Wednesday and Friday and today would tell you that sellers are much in control again and driving the auction currently.
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
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 drive down
- The day type was a Normal variation day
- Largest volume was traded at 10305 F Friday
- Vwap of the session was at 10305 with volumes of 137.3 L in a session which traded a High-Low range of 10405-10206 for 199 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 18/10)
Daily Zones:
- Value zones ( volume profile) are at 10341-10305-10280 tomorrow
Hypos / Estimates for the next session :
a) supply now firm at 10560-10580 and lower at 10420
b) 10340 was an expected support but is broken and now another supply zone
c) 10212 is the support
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
- The BNF Open was an Open drive down
- The Day type was a Normal variation day
- Vwap of the day was at 25237 with Volumes of 46.6 L and a High – Low of 25495-24966 for a range of 260 points.
- Largest Volume was traded at 25270 F today
- FA seen at 24285 F on day T+9
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 25362-25270-25150 for tomorrow
Hypos / Estimates for the next session :
a) The supply at 25460 stood still today and pushed the index lower
b) supp expected at 24870 F
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