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.

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

Both the indices had a strong drive out of YR to the downside. Such strong commitment so early in the day is usually a sign of continuation later in the day. Both indices were in a striking distance of important references to the downside.

nifty market profile chart
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The daily charts just gives a birds eye view of whats going on on the longer time frame.

nifty daily vsa volume profile chart
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Slack Update 2

Order Flow Charts showed some trapped sellers. But buyers needed to show some strength and take out upper refs for any possibility of higher prices.

The pullback was anemic and also formed a IPH suggesting buyers were struggling to move the prices higher. That opened up lower levels.

nifty market profile chart
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Slack Update 3

Once the pullback failed prices started moving lower and took out lower references on both the indices with relative ease. The sellers took complete control of the auction. It is not a prudent idea to catch falling knives in such situations.

nifty market profile chart
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Order Flow Charts did show some signs of buyers stepping in and sellers losing interest, but I try to avoid going against a trend with good momentum. You may end up getting hurt pretty bad, even if you are right.

nifty order flow chart
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Closing Update

Both the indices closed well off the lows. But there was a PL on Nifty and a couple tick buying tail on Banknifty. We will have to monitor whether the buyers show any strength and follow through on this late up leg, tomorrow.

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How to trade Nifty and Banknifty tomorrow?

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We had lower value as well as elongation today. It is a sign of good trade facilitation to the downside. This begs for downward continuation. Some important references are within striking distance on both the indices. If the sellers can push it beyond those, then we may see further cuts in the markets.

banknifty potential auction paths [PAP]
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Todays Video


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