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#BANKNIFTYFUTURE OAIR & chopping within yRange. Imbalance move likely only beyond 9/4 range. Momentum seems to be on downside with sellers trying to hold the VWAP. If no follow through below towards day's low or yLow, shorts are likely to cover in the second half #MarketProfile
#BANKNIFTYFUTURE Bulls need to hold 19490 if they would like to have a spike above day's high and good short covering rally to open above 19900 while below 19490, we may continue to chop around with long liquidation odds below 19350 #banknifty #priceaction
#bankniftyfuture Positions closing flat into the day making it a back to back inside day with overlapping VA and likely to have expansion on Wednesday! Odds for a gap, open drive or open within the range and drive from open #banknifty #NR4 #priceaction
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#bankniftyfuture #MarketProfile #banknifty #priceaction #NR4

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Jay Kiran N
@njkiran
#BANKNIFTYFUTURE OAIR and likely to chop in yesterday's range. HVN from yesterday would provide supply/resistance & prices been rejected from ySpike extension. For any upside action, buyers need to get acceptance above 29400-29500 zone #banknifty #marketprofile
#BANKNIFTYFUTURE Been getting questions on how I pick trade locations.OAIR suggested to avoid open trade & wait for opportunity.First opportunity emerged when A period rejected from ySpike & entry right at B period high when prices came back to test. #OneGoodTrade #OptionsTrading
#BANKNIFTYFUTURE Acceptance vs Rejection, is an important concept along with how you manage your trade and emotions post you punch in the trade. Will put a blog out later today on how I generally do this. #banknifty
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Jay Kiran N
@njkiran
#bankniftyfuture likely to open in Friday's range.DTF action seen around the zone highlighted,may act as immediate reference,if taken out,can attempt to test gap.Friday's lows are critical.Expect huge volatility & swings on either sides.Avoid,if not comfortable trading volatility
#bankniftyfuture VA overlapping higher suggesting auction is controlled by buyers so far.However, this is pure DTF action as low of B,C periods,with just couple of ticks above yPOC. Single prints providing supply, can buyers have strength to absorb that? VWAP remains key!
#bankniftyfuture Total DTF action so far. Multiple rejections at few ticks from previous swing highs and D low right at friday's rally high and B,C at friday's POC. This market lacks confidence and strong hands. Expect intraday chops. #marketprofile #banknifty
Read 3 tweets
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Jay Kiran N
@njkiran
#bankniftyfuture OAIR & continues OTFD on daily. Expect chop given the type of open and kind of IVs we have. Current auction stays with sellers so far with prices getting rejected at open multiple times. It's important to measure how good a job these sellers are doing #banknifty
#bankniftyfuture Poor job by the sellers in AB periods right at HVN of 18/2 resulting in trapped sellers.30600 -30700 is supply zone & buyers need to ensure prices stay above VWAP atleast for spike up.Not good below VWAP.Time to book part profits & monitor for continuation
#bankniftyfuture Below VWAP & AB poor lows cleared. Yet another day of neutral action of trapping both the buyers and sellers. Chop, Chop & Chop!
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