The Nifty was a quiet auction, for the most part, today and rotational around 11465. But in the last 2 hours, it dropped from 11465 to 11322 on good volumes. There was no responsive buying seen during the fall and bears had no trouble to drive it below 11400 which would be an early hint of much much more lower levels ahead. Our 2 objectives for short-term at 11400 and 11320 have been met and whilst the chances of a bounce tomorrow are higher, the larger auction still points to sellers selling the high levels. We see great opportunities to add shorts at 11430 now and this bear is underway for a test of 10970 which we plan to seriously look at once we get volume below 11230 spot again.
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 so has the aug vwap at 11444.
Nifty Sept F:
- The NF Open was an Open auction
- The day type was a Normal variation day
- Largest volume was traded at 11465 F today
- Vwap of the session was at 11435 with volumes of 108.7 L in a session which traded a High-Low range of 11505-11322 for 182 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
Daily Zones:
- Value zones ( volume profile) are at 11503-11465-11377 for tomorrow
Plan :
a) The immediate downside below 11322 is towards 11290/ 11275
b) IF bulls push above 11360 a bounce can come to 11397 and 11430 higher
c) the 11330- 11360 zone could be a chop no trade area.
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 auction
- The Day type was a Normal variation day
- Vwap of the day was at 27260 with Volumes of 43.5 L and a High – Low of 27444- 26914 for a range of 530 points.
- Largest Volume was traded at 27410 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.
Daily Zones:
- Value zones ( volume profile) are at 27440-27410-27105 for tomorrow
Plan :
a) The 26775 zone is the lower support below 26910
b) Holding above 26995 a bounce can materialize to 27066 and a possible 27200.
c
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