In Friday’s trade we went back to balance curtailing the imbalance seen since Wednesday afternoon. The Profile was Gaussian and pointing to another big move around the corner.
Background / Previous Auctions :
Weekly levels: We have done a review on weekly charts at: http://vtrender.com/nifty-bn-weekly-view-spot-for-11-jan-15-jan16/
(based on Fut prices)
#) The NF was a balanced profile
#) Vwap of the session was at 7613 again with volumes of 110.5 L in a session which traded a 7644-7593 range of 51 points
#) Day POC moved to 7603.
#) The composite POC at 8022 from dec still holds the bias
#) The auction has resistance at 7637 immediately up and should target 7482 next.
#) Value areas are at 7626-7602-7602– for the session tomorrow. For using value areas effectively visit:http://vtrender.com/popular-market-profile-trading-setups/
K.R.A is 7762 F ( K.R.A= key reference area)
and the trend is down on the shorter time frame
BankNifty Dec F:
Background/ Previous Auctions :
Weekly levels: For Banknifty we have updated a spot auction view with a chart at: http://vtrender.com/nifty-bn-weekly-view-spot-for-11-jan-15-jan16/
Observations in Today’s/ Previous sessions:
(based on Fut prices)
#) The BNF was also a balanced profile
#) Vwap was at 16163 with volumes of 20.6 L in a session which traded a 16264-16126 range of 137 points
#) day POC was at 16190 levels
#) Index has supports in the 15800- 16030 range
#) Value areas are at 16208-16160-16144 for bias. . For using value areas effectively visit: http://vtrender.com/popular-market-profile-trading-setups/
K.R.A is 16525 F ( K.R.A= key reference area)