Evening Report dated 01st Dec 17

Posted on Posted in Blog

The first day of the new series saw the market not holding the Settlement inventory price of 10277 F and a sharp slide when the Nov Future lows of 10220 F broke. We have seen this market turn around in the past 2 sessions below the FA point but there was evidence on Friday at the close that the drop was getting extended and we should move back to a balance soon. 

To understand the short-term nature of the auction see our weekly Market profile report – http://vtrender.com/weekly-hypos-week-dated-27th-nov-01st-dec-spot-prices/

Nifty Dec F:

 

nf_compo1

 

 

  • The NF Open was an Open auction.
  • The day type was a Trend day with vwap of 10234.
  • Vwap of the session was at 10234 with Volumes of 121.4 L in a session which traded a High-Low range of 10308-10138 for 170 points.
  • The vwap of the settlement day is at 10316 with a PBH of 10347 F ( also a trend day vwap dated 29/11)
  • The auction continues to trade below the FA point of 10393F  which is resistance for the sessions ahead.
  • We also saw another FA at 10465 F which is on day T+3
  • On Settlement day the biggest inventory shift was noticed at 10278 DEC F and is our reference level for a bias in the series.
  • The vwap of the Nov series is at 10330 spot. The POC is at 10440
  • Value areas are at 10306-10290-10194 – for the next session.
  • Support is placed at 10087 in tomorrow’s session with resistance at 10201
  • Projected range for a 100,000 contract day (+/- 15000) tomorrow is 10028-10260 extendable to 9983-10306

 

Hypos for the next  session: ( Prices are Dec F) 

 

  • **Bullish Hypo: Above 10201 longs for 10260
  • **Bearish Hypo: Below 10087 shorts for 10028
  • ** Neutral Range: 10200- 10160

Note – hypos are tradeable with a 1-1 ratio and are valid for the full session from Open to close. For example, a 50 point target would mean a stop of 50.

For tradeable ideas on these hypos and to check the OrderFlow live visit the trading room.

If not a Trading Room member you can get immediate access at – https://in.explara.com/e/vtrender–trading–room/checkout

 

BNF Dec F:

 

bnf_compo1

 

  • The BNF Open was an Open auction
  • The Day type was a Trend day with vwap of 25393.
  • Vwap of the day was at 25393 with Volumes of 29.2 L and a High – Low of 25540-25211 for a range of 328 points.
  • The Settlement Day dated 30/11 was a Trend day with vwap of 25588 and Pullback high of 25660
  • The BNF hit the lows of  the recent composite balance highlighted in the chart above
  • The vwap of Nov  series  is at 25440 spot with POC of 25740
  • The Value areas are at 25497-25445-25317  for the session next.
  • The support is at 25145 for the next session with resistance at 25365
  • Projected range for a 60,000 contract day (+/- 7000) tomorrow is 25221-25445 extendable to 25132-25669

Hypos for the next  session: ( Prices are Dec F) 

 

  • **Bullish Hypo: above 25365 for 25749
  • **Bearish Hypo: Below 25145 for 25030
  • ** Neutral Range: 25260- 25390

Note – hypos are tradeable with a 1-1 ratio and are valid for the full session from Open to close. For example, a 50 point target would mean a stop of 50.

For tradeable ideas on these hypos and to check the OrderFlow Live visit the trading room.