Yesterday we had noted the presence of a seller at 10415 and mentioned as much in yesterday’s report – https://vtrender.com/market-profile-analysis-dated-08th-oct/. What stood out yesterday also was the Failed auction at 10212.   In today’s auction, we got a Failed Auction at 10424 and a very sharp responsive seller at 10421. I have seen this kind of high intent sellers in our OrderFlow charts earlier at 10598 F last Thursday and 10900 on the 3rd of Oct which sparked this second leg lower. Still smaller compared to the big sell-side rollovers on settlement day near 11080 this would be lower but point…

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…