We spoke of the spike in yesterday’s report and spike rules were expected to play out in today’s session and they did!
Spike rules are at – http://vtrender.com/spike-rules/
The PLR remains downwards and it is easy to see that from the past 4 sessions with the opens and the range extensions it is the sellers who are doing a better job.
I am speaking at depth on how to read the information from the markets in Mumbai on Nov 3. It’s an all-day event. I’m also doing a primer on #OrderFlow
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 auction out of range
- The day type was a Neutral day
- Largest volume was traded at 10165 F Friday
- Vwap of the session was at 10155 with volumes of 176.8 L in a session which traded a High-Low range of 10216-10092 for 123 points
- We got an FA at 10212 which was visited on day T+3 . However, the auction did not settle below 10212.
- The other FA at 10424 stands negated.
- The vwap of 17/10 at 10558 is the resistance now for rest of series.
For the weekly and other swing levels of the Nifty go to – https://vtrender.com/support-and-resistance-levels-nifty-bank-nifty-futures/
( has monthly and weekly Profile charts updated to trade date 18/10)
Daily Zones:
- Value zones ( volume profile) are at 10185-10165-10129 tomorrow
Hypos / Estimates for the next session :
a) supply now firm at 10260 and at 10560-10580 / 10420 from earlier
b) 10340 was an expected support but is broken and now another supply zone
c) 10081 is the next intra support
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
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 Normal day
- Vwap of the day was at 24930 with Volumes of 42.6 L and a High – Low of 25070-24770 for a range of 299 points.
- Largest Volume was traded at 24955 F today
- FA seen at 24285 F on day T+10
For the weekly and other swing levels of the BankNifty go to – https://vtrender.com/support-and-resistance-levels-nifty-bank-nifty-futures/
The BN Monthly and BN weekly F charts are posted at the same link
Daily Zones:
- Value zones ( volume profile) are at 25000-24955-24880 for tomorrow
Hypos / Estimates for the next session :
a) The supply at 25460 and the supply at 25260 would prevent upsides
b) support expected at 24870 F and 24750
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