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

Banknifty opened inside YR and did not even take out YL. Some rejection happened at lows and subsequently a nice ‘P’ shaped profile was forming.

Whereas Nifty was moving sideways all along the opening.

nifty market profile chart
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Slack Update 2

Once the ‘P’ shape was visible there were 3 possibilities as usual. I was looking for support coming around 9165 level on an inventory adjustment break. Post which we should test higher levels.

Nifty showed no signs of taking either of the references out.

nifty market profile chart
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Slack Update 3

Nifty did break below YL and gave a nice FA below it. Banknifty inventory adjustment break seemed like stopping at 23165 but it actually went below it and reversed.

nifty market profile chart
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This order flow chart sums it up nicely.

Closing Update

Just when it looked like the attempted pullback was failing and we were about to resume the downtrend, buyers came in. We had a late rally on Banknifty. Though the close is still within value area for both indices, the FA on Nifty and Inventory Adjustment Break on banknifty does tilt the balance in favor of buyers.

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How to trade Nifty and Banknifty tomorrow?

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Now multiple attempts to mark the price down on Banknifty could not take out the YL. Nifty on the other hand has a FA below YL, so no new business was found below YL. Both developments point towards a possibility of higher prices tomorrow.

Both the indices essentially have made a big ‘b’ if we combine last 2 days profiles.

nifty potential auction path [PAP]
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banknifty VSA Volume profile chart
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Todays Video


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