VPOC Shifted down. Lets see what happens now!

VPOC Shifts from 5508 to 5475, indicating highest volume zone.
Price sustaining above the VPOC might see upmove. However, we have single prints above—this is the area of trapped longs.
This is a supply zone, thus offering resistance. Hence, if the buying sustains, the liquidity can be chewed out, and price can zoom up towards 5490 and then to 5496 region.
Break of 5466 negates this view

I hope you remember my key advice👆

Those missing volatility should have seen the I min candle at 18:00
5515 - 5470 (45 points candle) in ES.

High identical to 4th Sep Low
Low right above the PPOC from 14th Aug!

So much for visual references!

Love Market Profile

5400 par Thor Ka Hammer Support hai kyaa?

Let him handle your worst situation and I guarantee you, he won't disappoint🙏

ES: 09 Sep 2024

Markets have a funny way of lulling you into thinking it’s all calm, and then—wham!—you get hit with a big move, especially after a long consolidation. And what do we say about consolidations? The longer they last, the bigger the bang when things finally break loose.

Last week, we saw the market step off a cliff as the 10-day balance area gave way to weakness. Despite sharp fall from highs, Friday decided to add a little more drama after the data release First a 40 point 1 minute candle, and then sharp move down, with prices dropping and filling that gap at 5487.75. But oh no, that wasn’t enough—we even dove through the 5396-5402 gap just for good measure. Now the market's staging its next act.

The Key Level to Watch This Week: 5435. Friday saw sellers dig in their heels here like it was the Alamo. If buyers can bulldoze their way through, we’re eyeing 5445, then 5470, and eventually 5491. Get above 5491, and we might start singing a different tune—something with a little bullish pep.

But if we stay below 5435, it’s likely another round of “Let’s See How Low We Can Go” with 5394 on deck, followed by 5384- 5361.75 - 5322. And if the market really wants to push it, we’ll be paying a visit to the support zone at 5294. Expect some desperate buyers to show up down there, probably wearing sunglasses and hoping no one recognizes them.

#Banknifty on Trendline Resistance

#Nifty spot Trend is also Down For Now

Bullish above Trendline Breakout

BREAKOUT donee