The OrderFlow at the close of the session on Friday hinted at responsive selling coming back into the index. We had mentioned about the same in Friday’s report– https://vtrender.com/evening-marketprofile-report-dated-07th-sept/. Today’s Open saw initiative sellers who quickly dropped the index below Friday’s 2 support levels of 11580 and 11550. Once 11550 was not taken back on the retest, the seller forced the index lower into the close. The Failed auction zone of 11652 which we have been repeatedly mentioning as an important pivot, stood firm on the retest and is the major supply zone for the rest of the series. Any upmove to 11550 also now likely to run into new sellers and a test of 11400 and 11320 F lower is due this week.
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 aug vwap at 11444 is the only support prevailing.
Nifty Sept F:
- The NF Open was an Open drive lower
- The day type was a Normal variation day
- Largest volume was traded at 11497 F today
- Vwap of the session was at 11524 with volumes of 101.6 L in a session which traded a High-Low range of 11598-11482 for 116 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 second zone of support is at 11420
Daily Zones:
- Value zones ( volume profile) are at 11535-11497-11485 for tomorrow
Plan :
a) The stuck buyer at 11530 could liquidate on a retest and is a sell point
b) short is right here with SL above 11555
c) the 11470 zone has a buyer along with 11455 right below
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:
- The BNF Open was an Open drive
- The Day type was a Normal variation day
- Vwap of the day was at 27357 with Volumes of 36.7 L and a High – Low of 27494-27270 for a range of 224 points.
- Largest Volume was traded at 27338 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 27395-27338-27302 for tomorrow
Plan :
a) The 27260 zone has responsive buying
b)short is right at 27410 zone
c) 27330 zone is neutral and may keep the auction locked
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