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BankNifty - Inventory Analysis with Market Profile - 16 Aug 2024Hi hope you all are doing good, and in today's video i want to share where the positions are being accumulated in BankNifty and why i am long biased. Area where price stability is seen = 49969 Stops seen = 49817 Area where sellers are competing = 51000 Area where buying interest or supply will shut off = 47500 Disclaimer: Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, do not forget to hit like and follow me, and please do share your thoughts in below comment box, as your response will help me strengthen my market understanding. Thank you.
NSE:BANKNIFTY1!Long
by madhuram
1
HDFCBank - Inventory Analysis using Market Profile - 14 Aug 2024Hope you all are well and HDFCBank is showing signs of inventory accumulated around 1600. In this video i am sharing my process, how i use TradingView's inbuild TPO - Market Profile and Volume Profile indicators to understand the inventory development and how smart money is accumulating their positions in this stock. 1600 is the line in sand and there are less transactions happening below 1600 - Question you should ask is why? Price is nicely chopping in a 1 month range of 30 points Below 1600 is where i am looking for responsive buying Target 1 is 1650, followed by 1700 and the gap fill above 1700, and looking to acquire positions till 1500 in this stock. This is a long term stock where Market Profile is helping me to understand how positions are being created based on the transactions that are happening. Disclaimer : Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, do not forget to hit like and follow me, and please do share your thoughts in below comment box, as your response will help me strengthen my market understanding. Thank you.
NSE:HDFCBANKLong
by madhuram
1
ES - Inventory Analysis & Trade Plan - 13 August 2024Hello and i hope everyone is doing well. In today's video i want to cover how the inventory developed yesterday and what are the auction paths that i am watching to trade ES today. Current levels to observe the reaction of price: 5356 & 5383 Current Inventory is developing above PDC and have an excess - so the inventory is long but developing in PDR, so looking for more chop Rejection seen at 5367.25 and supply shutting off at that price point The structure of ON auction is balanced profile and looking for more rotational development today Break of PDH or PDC are important references and i will be observing for continuation, lack of continuation will lead to reversal towards the VPOC Also from the volume footprint - seeing supply above 5400 and supply shutting off below 5367 Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades. Dear traders, do not forget to hit like and follow me, and please do share your thoughts in below comment box, as your response will help me strengthen my market understanding. Thank you.
CME_MINI:ES1!Long
by madhuram
2
BANK NIFTYImportant Levels for 16/08/2022. The index is showing strength and we are seeing gaps being sustained and supports holding fort. But one thing against it no shift in Value Area despite the fact that the price has stayed well above the VA last session. These two points being contrary to each other does create enough doubt regarding the movement of the index. In my point of view i will be waiting for a retest of the VA before initiating any long trades. With important reference on the upside being 39130-39210, any negativity seen with volumes, i will look to short with a 50-60 point SL for targets of 39000,38940 and 38830. Longs i will be taking if the price finds support at VAH 39000, with SL of 38940 for targts of 39110,39200 and 39250.
NSE:BANKNIFTY1!
by deepss4u
BANK NIFTYImportant Levels for 12/08/2022. Clearly the stronger of the two indices. We opened gap up and clearly sustained above it, although there was no follow through and a big move, we did not come close near DL. 38830 is the reference level to look for before initiating shorts. Once we trade and sustain below 38830, we can place shorts with SL at 38900 for targets of 38770,38700 and 38600. If we trade above 38980, we can look for targets of 39160 and 39250, with SLs placed at 38900.
NSE:BANKNIFTY1!
by deepss4u
NIFTYImportant Levels for 11/08/2022. A completely range bound day. 17465-17585 is the zones which need to be broken for some good moves. Longs can be taken above 17585 for targets of 17620,17640 and 17660. SL has to be kept around 17550. Shorts can be taken below 17520, with SL of 17550 for targets of 17470,17440 and 17380. Today we witnessed good buying at 17470-17480 levels but it was buyers defending their positions rather than fresh and aggressive buying, Sellers can gain control if we slide and sustain below 17467 and eventually will can see 17316 reference levels. Can be a volatile expiry tomorrow.
NSE:NIFTY1!
by deepss4u
BANK NIFTYImportant Levels for 11/08/2022. Much like Monday's closing, today's closing does not give any indication as to where the index is heading. On the upside 38420-38500 is a major resistance zone and on the downside 38150-38240 can act as a strong support. So unless we break out of these reference zones choppiness is expected. For tomorrow, safe traders can wait for the mentioned zone to break and risky traders can look to short at the break of 38250 with SL of 38315, for targets of 38140, 38080 and 38000. On the upside, if we sustain for the first 15 mins above 38450, we can go for longs for targets of 38560,38660 and 36800 with a 50-60 point SL. The buyers are defending well but we are not seeing aggressive buying, that is making trading the index a bit tricky.
NSE:BANKNIFTY1!
by deepss4u
NIFTYImportant Levels for 05/08/2022. If we open flat, any price rejection seen at the reference region of 17380-17425 can be used as an entry for shorts will SL of 25-30 points and we can look for targets of 17320,17280 and 17250. If price sustains above 17325, we can take longs with SL of 17400 for targets of 17470 & 17500. In case of a gap up, i shall wait for proper price action before initiating trades. If we see a gap down, 17230-17250 can act as support and longs can be planned if we see good volume support for targets of 17310,17330 and 17380. SL can be of 20-25 points, In case of a big gap down, will prefer to sit tight till the price is not above 17200 and then plan longs, shorts only below Day low.
NSE:NIFTY1!
by deepss4u
BANK NIFTYImportant Levels for 05/08/2022 We witnessed a highly volatile expiry and a close below the previous support zone. If we open flat and start moving up, 37800-37875 can act as a resistance zone and if we get good selling volumes, we can sell at this zone with a 50 point SL for targets of 37560,37500 and 37420. But if we open flat and sustain above 37875, we can go for longs with SL of 37800 for targets of 38080,38200 and 38270. If we open with a gap up, we wait for the price action at our mentioned references and then initiate trades. On the upper side the important reference point is 38400 once we trade above 38250. On the down side short trades if taken from 38080 levels can look for 38860 as potential final targets. If we see a gap down, 37440-37500 can act as support and shorts to be initiated below 37450 for targets of 37300,37120 and 37000. In my opinion, the presence of a buying tail indicates positivity.
NSE:BANKNIFTY1!
by deepss4u
NIFTYImportant Levels for 03/08/2022. We witnessed big profit booking in the last hour and ended the day just at the POC. Tomorrow, will be very much interested to take shorts once we sustain below 17300 for targets of 17260,17220 and 17200. The SL for this will be around 17330. If we see a gap up, the important reference to look forward is 17395-17405, if we see rejection at this levels, we can plan shorts with SL at 17420 for targets of 17370,17350 and 17310. A gap down and we shall wait to see action at 17250 levels, if we break and sustain below it we can see 17180 and 17140. 17260 has seen big buyers coming in today, so if we open gap down and find buying support at 17260, we can take longs with 17240 as SL for targets of 17300,17350 and 17370 (Less qnty advised).
NSE:NIFTY1!Short
by deepss4u
BANK NIFTYImp Levels for 03/08/2022. And we see a good volume day. As planned we got a very good long trade from 37760-38100. For tomorrow, if we open flat we will look to short the index once we sustain below 37830 for targets of 37730,37670 and 37520. SL for this will be placed around 37910. If we see a gap up, then the first point of reference to look will be 38170 levels, if we find rejection we can short with a 60 point SL for targets of 37990,37910 and 37830. Sustaining above 38200 can be a indication to go long for target of 38400. If we have a gap down open, then we wait before initiating any trade with 37670 as reference, if we stay below it we look for targets of 37510. Longs not preferred right now.
NSE:BANKNIFTY1!Short
by deepss4u
IMP LEVELS FOR 02/08/2022We witnessed a very slow trending day today, but if we look closely we did move up but with less than average volumes. Tomorrow, if we open flat we can take longs once we cross 38000, with Sl of 37920 and look for targets of 38080,38150 and 38200. Once we see a 15 min candle close above 38200, we can see 38400 tomorrow itself. In case we open with a gap, we shall wait for price to sustain above 38200 before initiating fresh longs. In case of a gap down, 37750 will act as a support area and longs can be taken with SL at 37680. The targets to look forward here will be 37900,38000 and 38100.
NSE:BANKNIFTY1!Long
by deepss4u
NIFTY LOOKS BEARISH (Short Trend) Analysis on Nifty FUTDate 15 Monday Trading Plans View: Bearish Why Bearish View? Nifty is in the consolidation phase consolidating between 15436 and 14520. On Friday(15th March) we can see buying exhaustion and a good volume of supply near the top of the consolidation range. So the rule of trading in a sideways market is BOD and SOR(Buy on Deep or Sell on Rise) so it might drop till 14500 in the coming trading session. Why it Might Drop? From the market context, we can see the lows that are making by previous trading sessions are very weak (weak low) and (making poor low from market profile context) weak buyer(impatient buyer) need to be taken out and repair. DISCLAIMER: This is only my view for the coming trading session on NIFTY please consult your financial advisor. Market Can Do Whatever They Want Please Don't Try to Fight With Market.
NSE:NIFTY1!Short
by barunwahengbam2
4
NIFTY & BANKNIFTY analysis for Expiry Trading - 04/03/2021NSE:BANKNIFTY1! Hey There, So far, #NIFTY and #BANKNIFTY were trending upwards; however, the ending session's volume accumulation is not good for this move unless the price opens above the accumulated zone and accepts. Till then, sideways to bearish move can be expected. Is it an indication of Uncertain volatile expiry !? Well, I have tried to explain this concept in this video. Kindly let me know your feedback or questions in the comments:) Thank you:)
NSE:NIFTY1!
by NatarajMalavade
NIFTY - MONTHLY EXPIRY (SEPTEMBER 24TH)NIFTY ANALYSIS AS PER THE FUTURES DATA OF ORDERFLOW THERE ARE NET SHORT POSITIONS ON CLOSING INDICATING SOME BEAR SIGNS. NIFTY HAS A HURDLE AREA OF 11180 AND 11240 LEVELS ABOVE WHICH (IF BROKEN) CAN TEST 11280-11300 LEVELS. ON THE DOWNSIDE A SMALL SUPPORT OF 11065-11080 LEVELS AND A STRONG PSYCHOLOGICAL SUPPORT AREA 11000-11020 AREAS IS VERY CRUCIAL FOR THE INDEX. NIFTY OPTION CHAIN ANALYSIS AS PER THE OPTIONS CHAIN DATA THERE HAS BEEN PUT UNWINDING AT 11300 TO 11150 AND GOOD AMOUNT OF CALL WRITING AT ALL ABOVE STRIKE PRICES INDICATING MARKET SENTIMENTS TO BEARISH. HOWEVER 11000 IS CARRYING GOOD AMOUNT OF PUT WRITING WHICH SHOWS THAT IT IS A VERY CRUCIAL SUPPORT OF THE INDEX. DEMAND AREAS - 11080-11120 // 11000-11020 SUPPLY AREAS - 11220-11245 // 11280-11300
NSE:NIFTYShort
by Devyansh_B
BANK NIFTY - MONTHLY EXPIRY (SEPTEMBER 24TH)BANK NIFTY ANALYSIS AS PER THE FUTURES DATA THERE ARE NET SHORT POSITIONS IN THE MARKET AT CLOSING INDICATING SOME BEARISH SIGNS. THE IMPORTANT LEVELS WERE ALREADY SHARED I.E 21100-20900 LEVELS WHICH IS STILL A VERY IMPORTANT LEVEL, HOWEVER MARKET BROKE THOSE LEVELS TODAY BUT IT GOT PRICE REJECTION AND MARKET BOUNCED SHARPLY UPSIDE AND CLOSED AROUND 21300 LEVELS. ON THE UPSIDE 21400-21550 LEVELS IS AN IMPORTANT SUPPLY ZONE, IF BROKEN ABOVE WHICH MARKET CAN SEE BUYING TILL 21800 AND 22000 LEVELS. DEMAND ZONES - 21100-20900//20550-20400//20000 SUPPLY ZONES - 21500-21600//21850-22050//22200 BANKNIFTY OPTION CHAIN ANALYSIS AS PER THE OPTIONS CHAIN DATA THERE HAS BEEN PUT UNWINDING AT ALL LEVELS FROM 22000-21400 LEVELS AND GOOD AMOUNT OF CALL WRITING INDICATING MARKET IS LIKELY TO EXPIRE BELOW 21400 LEVELS AS OF NOW. THE LEVELS OF 21400-21550 LEVELS WILL ACT AS A MAJOR RESISTANCE FOR EXPIRY WHICH IS ALSO MARKED WITH HELP OF VOLUME PROFILE. ON THE SUPPORT AT 21000 LEVELS THERE HAS BEEN GOOD AMOUNT OF CALL WRITING AND VERY SMALL AMOUNT OF PUT WRITING INDICATING MARKET CAN BREAK THE LEVELS OF 21000 AS WELL. BELOW THIS LEVELS THE NEXT MAJOR SUPPORT AREA IS 20500 LEVELS. PLEASE TRADE WITH HIGH CAUTIONS - ITS EXPIRY DAY AND MARKET CAN WITNESS GOOD SWINGS AND VOLATILITY.
NSE:BANKNIFTYShort
by Devyansh_B