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Data Trends

Nifty – For 7th Sep 2021

Important references from Marketprofile to track.

16842F – Single print buying area from 30/8

16926F – Single print buying area from 31/8

17033F – vwap of trend day from 31/8

17154F – PBH from 2/9

17220F – PBL from 3/9

Note: When market tests these levels and show the expected behaviour i.e. holding a support or not crossing a resistance that combined with a datapoint becomes a valid trigger for a trade.

Important references from Open Interest data to track

17085F – PE sellers from 31/8

17011F – PE selling from 31/8

17143F – PE addition here in the closing hour.

17283F – PE addition support from 3/9

17361F – PE addition support from 6/9 and lack of follow-wp selling

Note : These references are from the open interest data and data across the strikes from current weekly expiry is considered for these references.

Call and Put Activity of 6th September 2021

Day started on a good positive note taking cues from yesterday’s PE writing and later in the day lacked follow-up move as NF preferred to stay in a narrow range with meagre volumes.

So the as the Market profile saying goes that boring tight range day is followed up by a BIG MOVE day so might expect one tomorrow.

Also one more thing is new beginnings start from VPOC which is 17400F, look for rejection clues at the opening tick and we might get to 17283F tomorrow. Rejection of 17400F on the downside can bring 17500F taking cues from today’s PE writers in 17500/17400PE.

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