The first day of the new series of October saw an aggressive 2-way auction with a seller at the open being countered by a responsive buyer who pushed the market back to session highs. But there was an inability to stay above the 11088 F zone and the sellers took control driving the market lower to 10892 which was a 200 point drop from the session highs.
Our posts have pointed out the importance of 11088 for the series of October and we continue to mention that the market would not see a bounce back till we sustain and build volume above 11088 F. For the drop we saw on Friday we also saw responsive buying coming in good numbers at the lows.
This buying would attempt a look at 11025F and 11088F again on Monday. However, they can also be put under a lot of pressure if the Nifty fails to auction above 10950 early on Monday . If that auction stays below 10950 we should see 10886 F again and a possible 10815 but it could also signal a much larger drop to follow in the week.
A weekly outlook was updated on Saturday at – https://vtrender.com/weekly-outlook-for-the-week-dated-01st-oct-to-5th-oct/
Nifty Sept 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 rejection reverse
- The day type was a Normal variation day
- Largest volume was traded at 10955 F today
- Vwap of the session was at 11010 with volumes of 155.5 L in a session which traded a High-Low range of 11099-10892 for 207 points
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 11040-10954-10894 for tomorrow
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.
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BNF Sept 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 rejection
- The Day type was a Normal day
- Vwap of the day was at 25267 with Volumes of 60.8 L and a High – Low of 25530-25050 for a range of 428 points.
- Largest Volume was traded at 25200 F today
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 25340-25200-25102 for tomorrow
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