Evening Report dated 01st Jan ’18

Posted on Posted in Blog

The auction of Monday was a low volume 20 point range for most of the session but spiked lower near the close on heavy volumes. The close put it back near the lower of the 2 high volume zones we have been tracking and the Buyers would have to put in a lot of effort to push the auction up again. Spike rules apply at the Open.

To understand the short-term nature of the auction see our weekly Market profile report –http://vtrender.com/weekly-hypos-week-dated-01st-jan-05th-jan-spot-prices/

Nifty Jan F:

 

nf_compo1

 

 

  • The NF Open was an OAIR
  • The day type was a Normal Variation day
  • Vwap of the session was at 10546 with Volumes of 76.5 L in a session which traded a High-Low range of 10556-10483 for 73 points.
  • The settlement day inventory is at 10533 F and hence the 10533 F zone is the reference area into Jan series.
  • The vwap of the Dec series is at 10296 spot. The POC is at 10477. This was a marginal series from Nov whose vwap was 10330 and POC of 10444
  • Value areas are at 10556-10550-10533– for the next session.
  • Support is placed at 10465  in tomorrow’s session with resistance at 10513
  • Projected range for a 100,000 contract day (+/- 15000) tomorrow is 10540-10465 extendable to 10440-10599

 

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

 

  • **Bullish Hypo: Above 10513 longs for 10539
  • **Bearish Hypo: Below 10465 shorts for 10440
  • ** Neutral Range: 10513-10485

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 Jan F:

 

bnf_compo1

 

  • The BNF Open was an OAIR
  • The Day type was a Normal Variation day
  • Vwap of the day was at 25547 with Volumes of 14.9 L and a High – Low of 25622-25411 for a range of 210 points.
  • The vwap of Dec  series  is at 25336 spot with POC of 25584
  • The Value areas are at 25575-25430-25422 for the session next.
  • The support is at 25360 for the next session with resistance at 25500
  • Projected range for a 60,000 contract day (+/- 7000) tomorrow is 25570-25360 extendable to 25280-25630

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

 

  • **Bullish Hypo: above 25498 for 25570
  • **Bearish Hypo: Below 25350 for 25280
  • ** Neutral Range: 25480-25380

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.