Evening MarketProfile report dated 07th Sept

The dual auction which has been aggressively dominated by bears this last week continued on Friday but for a change, after the first 30 minutes of the session, the sellers stayed away and the Buyers dominated the auction on Friday to close at the highest point. The auction tested the Failed auction zone at 11650F where we had seen supply twice in the week gone by. After being absent for most of the session the sellers showed up again aggressively at the close near 11640 levels. On the OrderFlow charts, we witnessed heavy selling which was as big as the responsive buying seen at 11470F. Between these 2 polarities at 11640F and 11470F lies the future of this interesting auction of September. 

A weekly outlook was updated on Saturday at –https://vtrender.com/weekly-outlook-for-the-week-dated-10th-sept-to-14th-sept/

The support at 11620 has failed in the index and the next support is near 11480.

Nifty Sept F:

 

Nf Compo1 5 Evening Marketprofile Report Dated 07Th Sept Auction Market Theory, Marketprofile, Orderflow, Value Area

 

 

  • The NF Open was an Open auction lower 
  • The day type was a Normal variation day
  • Largest volume was traded at 11627 F today
  • Vwap of the session was at 11582 with volumes of 94.5 L in a session which traded a High-Low range of 11648-11512  for 135  points

 

Monthly Zones:

  • The vwap of the Aug series is  at 11444 spot and the POC was at 11480
  • The settlement day (Aug ) rollover volume point is at 11739 F.
  • Highest Rollover point was at 11772 Sept F

Weekly Zones :

  • The weekly profile is a large b with value lower indicating long liquidation
  • Failed auction zone is 11650F
  • Spike zone is 11620 to 11720F.
  • The 11720- 11735 scene of crime zone is added supply above the FA point of 11650
  • The 11520- 11550F zone is immediate support for week
  • the second zone of support is at 11420

Daily Zones:

  • Value zones ( volume profile)  are at 11646-11627-11572 for tomorrow

 

Plan :

a) The responsive seller at 11636 to produce supply on any moves

b) short is right either at 11590 with a small SL or higher at 11636-40 with SL of 11660

c) the 11540 zone has a buyer and could again be a buy with stops of 11510

For tradeable ideas on these hypos and to check the OrderFlow live visit the trading room.

If not a Trading Room member you can get immediate access at  –  https://in.explara.com/e/vtrender–trading–room/checkout

 

BNF Sept F:

 

Bnf Compo1 5 Evening Marketprofile Report Dated 07Th Sept Auction Market Theory, Marketprofile, Orderflow, Value Area

 

 

  • The BNF Open was an Open test drive
  • The Day type was a Normal variation day 
  • Vwap of the day was at  27490  with Volumes of 33.7 L and a High – Low of 27636-27338 for a range of 297 points.
  • Largest Volume was traded at 27490 F today

Monthly Zones :

  • The vwap of Aug series is at 27923 spot with POC of 28280
  • The settlement day rollover volume point (aug)  is at 28232 F.
  • Highest Rollover point was at 28232 Sept F

 

Weekly Zones :

 

  • Supply is heavy at 27760 F
  • The 28170 F and 27900 F has also heavy sell side volumes
  • spike zone is 27960- 28130.
  • The 27380 F zone has responsive buyers

 

Daily Zones:

  • Value zones ( volume profile)  are at 27532-27490-27390  for tomorrow

 

Plan :

a) The 27630- 27680  zone has supply

b)short is right at these levels with stops above 27760

c) 27390 was tested on friday and buyers prevailed

d) Below 27390 is a straight drop to 27130

For tradeable ideas on these hypos and to check the OrderFlow Live visit the trading room.

 

If not a Trading Room member you can get immediate access at  –  https://in.explara.com/e/vtrender–trading–room/checkout