How to trade Nifty and Bank Nifty Tomorrow?

Learn how to trade in Nifty and Bank Nifty Share Price via Market Profile Charts and Order Flow Charts.

Using Auction Market Theory Principles.

See how to spot trades on Nifty and Bank Nifty Share Price Chart via real time Slack Updates, not in hindsight.

Use Market Profile Charts and Order Flow Charts to create Potential Auction Paths aka Hypos for tomorrows trading, Step by Step.

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Derivatives Trading involves substantial risk of loss therefore¬†is not suitable for all investors. Past Performance is not necessarily indicative future results. All information shared here is for educational purpose only. –¬†Read Full Disclaimer

How we traded Nifty Share Price and Banknifty Share Price today?

Slack Update 1

The open was above the lower balance on Nifty. We opened inside the loop of the ‘b’ that formed late in the day and drove out of it in the first period itself. Though the initial strength was good, the auction stalled at an imp ref from yesterday, and it was not clear on OF charts as well.

Slack Update 2

A few hours into the day the auction was stuck in the same zone and the shape was still a nice ‘p’. No signs yet of whether SM was buying or selling.

Slack Update 3

but then the auction just blasted upwards on Banknifty, and it was evident that the balance was in fact SM buying. We got Short Covering plus New Biz and the move was as dynamic as it gets, especially on Banknifty.

 

Our PAP1 from yesterday worked great. But one may argue that there were 2 of them and one had to work. That nay be true, but the thing I want to highlight about the PAPs is the KAD (blue ovals) which indicate key auction developments that indicate the bias of the markets. As it is I dont provide buy and sell signals, but try to share my understanding of the auction process.

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How to trade in Nifty and Bank Nifty Share Price tomorrow?

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Now given the wide range today we may see some sideways development tomorrow. Key references are marked on the charts and you can use them to know where the SM might be residing and observe what they do when the auction reached those refs.

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