Do you want to trade Nifty Share Price and Banknifty Share Price like Smart Money does? Then you are at the right place because I’m going to show the best  way to analyse trade volatile markets like Nifty and Banknifty plus a few extra’s.

Join my slack group to get these updates during live markets.

Start here to learn to trade using Market Profile, Order Flow, Volume Spread Analysis, and Technical Analysis.

But before that lets go through the standard disclaimer – 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

First see…..

How Nifty and Banknifty traded today?

Slack Update 1

The openings were not very dynamic today. But the buyers made sure that the price stayed above the VWAP in the early trade. On Nifty we were actually absorbing supply above YH. On Banknifty we were balancing just below the YH. But lack of swift rejection of higher prices was actually favoring buyers.

Nifty Market Profile Charts

Banknifty Market Profile Charts

Slack Update 2

The auction did move above the YH. But encountered some selling. There was a nice test of the HVN that formed during the first sign of supply, and looked promising for lower prices. At the very least prices were expected to balance the inventory by testing the VWAP.

Nifty VSA and Volume Profile Charts

Slack Update 3

Prices did touch the VWAP. But were unable to find any acceptance below the VWAP on Nifty. Banknifty just stayed above the VWAP and never came too close to it, suggesting buyers were in control of the auction through the day.

Banknifty Market Profile Charts

Nifty market Profile Charts

Nifty VSA and Volume Profile Charts

Closing Update

Buy the time we closed Nifty established a higher VAP and an attempt to re-enter YR was rejected. Banknifty though not very dynamic, showed steady appreciation of prices, and the OTFing up continued through the day.

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Before we leave lets check out…..

How to trade Nifty and Banknifty tomorrow?

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Nifty has clearly formed higher VAP and points towards acceptance of higher levels. Now despite the early directional development, we have not seen much of an elongation later in the day. But as always we cant argue against value.

Banknifty toiled hard and finally looks like it managed to close above YH, also near DH. This points to good performance by buyers. And then will need a big move soon to break free from the gravitational pull of the latest balance below CMP.

Nifty Potential Auction paths [PAP]

Banknifty Potential Auction paths [PAP]

Todays Video


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comments powered by HyperComments
2017-06-05 10:52:32
Visitor Rating: 5 Stars
2017-06-05 11:53:11
Visitor Rating: 5 Stars
2017-06-05 11:56:08
Hi Dean, Can you please make sure you have current Day Bell Market Profile data Printed in the EOD chart. 31st May Data was appearing for today MP chart. Thanks for your time.
2017-06-05 11:52:19
Visitor Rating: 5 Stars
2017-06-05 12:39:09
Visitor Rating: 5 Stars
2017-06-05 12:56:13
Visitor Rating: 5 Stars
2017-06-05 13:15:30
You can check that in the data box in the top left corner. Please tell me if you can't find it there.
2017-06-05 13:23:16
Checked the posts. I must admit the data there does not show latest data. That is because of the wrong cursor placement during the screenshot. I will ensure it will correct from tomorrow. Thanks for pointing out.
2017-06-05 14:13:18
Visitor Rating: 4 Stars