The early morning auction was a hint that the Buyers were more keen on a fight this week and would not allow the Sellers to walk over them easily, as what happened last week. So from a low of 10232 early in the day the Buyers looked confident and took the auction over to 10415 where we saw the first hint of sellers back in the auction. The subsequent push back to vwap was not defended by the Buyers and allowed the Sellers an easy opening and the drive down to session lows of 10212 was equally swift. The content became neutral as soon as 10212 was printed. However, around the same time, the OrderFlow charts picked up big-ticket buying and the new buyers pushed the index back to 10418 for a neutral extreme close.
At the close, the auction left us with an FA at 10212 which is the most important take away from the day. We look forward to a balance developing within the range of today.
Nifty Oct F:
Intraday and swing trading view for Nifty Futures below the chart. ( This chart is Live in the Vtrender Trading Room)
- The NF Open was an Open test drive
- The day type was a Neutral day
- Largest volume was traded at 10383 F today
- Vwap of the session was at 10329 with volumes of 200.8 L in a session which traded a High-Low range of 10418-10212 for 206 points
For the weekly and other swing levels of the Nifty go to – https://vtrender.com/support-and-resistance-levels-nifty-bank-nifty-futures/
Daily Zones:
- Value zones ( volume profile) are at 10406-10380-10295 for tomorrow
Hypos / Estimates for the next session :
a) Resistance firm at 10483 and would be difficult to cross.
b) 10282 is immediate support
c) Between these 2 the auction could find 2 levels of interest at 10345 and 10305
d) 10230- 10277-10305-10345-10383-10418 are the zones to watch for OrderFlow behavior
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
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BNF Oct F:
Intraday Trading strategies using OrderFlow analysis and MarketProfile done Live with a Live analysis in the Vtrender Trading Room
- The BNF Open was an Open auction
- The Day type was a Neutral day
- Vwap of the day was at 24556 with Volumes of 55.8L and a High – Low of 24816-24285 for a range of 531 points.
- Largest Volume was traded at 24650 F today
For the weekly and other swing levels of the BankNifty go to – https://vtrender.com/support-and-resistance-levels-nifty-bank-nifty-futures/
Daily Zones:
- Value zones ( volume profile) are at 24660-25650-24430 for tomorrow
Hypos / Estimates for the next session :
a) The objective of the imbalance is at 24012
b) supply could come back at 24840 on any upper probes
c) Higher resistance is at 25040 and 25112
d) zones to watch for OrderFlow are at 24335- 24460- 24650 and 24840.
For more tradeable ideas and intraday trading strategies based on MarketProfile and the OrderFlow live charts with OrderFlow analysis Live, subscribe to the trading room. The Vtrender Trading Room hosts India’s largest MarketProfile community live every trading session from 9.15 am to 3.30 pm.
If not a Trading Room member you can get immediate access at – https://in.explara.com/e/vtrender–trading–room/checkout</strong