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

Yesterdays failure of sellers to gain ground showed up today in the form of a GAP higher. There was initial excitement but soon we got exhausted as B period formed an inside bar.

nifty market profile chart
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The order flow chart showed a lot of selling But important refs were not taken out on the downside. Nifty was not showing any downside follow through.

nifty order flow chart
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Slack Update 2

The absorption theory worked in case of Nifty, we got a nice up spike, the question was whether it will sustain or not? But Banknifty could not trade above VWAP and that never let the Nifty move higher.

nifty market profile chart
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Slack Update 3

This lack of follow through on Banknifty started to show on Nifty too. When Banknifty gave way it pulled Nifty down with it too. So we had a nice ‘P’+spike pattern. That is a serious sign of weakness intraday.

nifty market profile chart
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Closing Update

Nifty closed very near the DL. Where as Banknifty formed a nice balance around composite POC. There is a nice tail at the lows on Banknifty. The buyers from last 2 days composite have the onus to defend this zone, else the sellers will take control.

 

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How to trade Nifty and Banknifty tomorrow?

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We have traded sideways today in the context of last couple of days. The ‘b’ may still be developing. We need to monitor tomorrow whether sellers take control of the auction.

nifty potential auction paths [PAP]
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nifty VSA volume profile charts
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Todays Video

 

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