Market Profile analysis dated 08th Oct

The early morning auction was a hint that the Buyers were more keen on a fight this week and would not allow the Sellers to walk over them easily, as what happened last week. So from a low of 10232 early in the day the Buyers looked confident and took the auction over to 10415 where we saw the first hint of sellers back in the auction. The subsequent push back to vwap was not defended by the Buyers and allowed the Sellers an easy opening and the drive down to session lows of 10212 was equally swift. The content became…

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Support and Resistance levels Nifty & Bank nifty Futures

Here are some quick reference levels for the Nifty Futures and the BankNifty Futures. These levels work as support and resistance and are derived from the Market profile charts. Nifty Monthly spot :         Nifty Futures Oct F:         Monthly Zones: The vwap of the  Oct series is  at 10490 spot and the POC is at 10323 The vwap of the Sept series is  at 11304 spot and the POC was at 11460 The new series Oct volume has been traded a 1000 points lower than the previous Sept series The settlement day (Sept) rollover volume point is at 11025 F. The settlement day…

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