Evening report trade dated 16th Feb

The Open rejection Reverse (ORR) was the first sign of a reversal. The trip below trend day vwap and POC brought the confirmation and the 2 indices closed at session lows in an NV day setup.

 

Nf_Compo1

 

 

NIFTY FEB F: 

Background / Previous Auctions :

Weekly levels: We have done a review on weekly charts at:  http://vtrender.com/nifty-bn-weekly-view-spot-for-15-feb-19-feb16/

#) The NF was an ORR in a normal variation day.

#) Vwap of the session was at 7124 with volumes of 170.7 L in a session which traded a 7208-7042 range of 166 points

#) Day POC was at 7132levels

#) The buying excess at 7059 today was neutralised and the one at 6875 is the only 1 which remains now.

#) we see a selling tail in today’s profile at 7208.

#) The FA registered at 7606 is over 5 days old and will be marked as a big supply zone rest of this series.

#) The spike between 7434- 7375 remains a ref zone.

#) Value areas are at  7180-7132-7100– for the session tomorrow. For using value areas effectively visit:http://vtrender.com/popular-market-profile-trading-setups/

#) Discl – When we mention Buyers/ Sellers we point to and infer aggressive players.

 

 

K.R.A is 7204 Feb F ( K.R.A= key reference area) 

and the trend has gone sideways again.

 

 BANKNIFTY FEB F:
Bnf_Compo

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-15-feb-19-feb16/

Observations in Today’s/ Previous sessions:

(based on Fut prices)

#) The BNF was an NV day

#) vwap of the session was at 14305 with volumes of 36.3 L in a session which traded a 14588-14120 range of 468 points

#) day POC was at 14352 levels 

#) The session shows an excess at 14588 today

#) The FA seen on 12/02 at 13812 in on day T+2

#) Value areas are at 14424-14352-14232 for bias. . For using value areas effectively visit: http://vtrender.com/popular-market-profile-trading-setups/

 

K.R.A is 14700 Feb F  ( K.R.A= key reference area)

and the seller is in control of the trend again.