Evening Report dated 01st Nov 17

Posted on Posted in Blog

The NF on Wednesday trended higher from the open and finished well over the consolidation zone it has been in. But for a strong upmove, the Volumes traded was just under 100,000 contracts and the OrderFlow got very mixed and cautious near the close. 

To understand the short-term nature of the auction see our weekly Market profile report- http://vtrender.com/weekly-hypos-week-dated-30th-oct-03rd-nov-spot-prices/

Nifty Nov F:

 

nf_compo1

 

 

  • The NF Open was an Open Drive
  • The day type was a Trend Day
  • Vwap of the session was at 10457 with Volumes of 70.1 L in a session which traded a High-Low range of 10490-10403 for 87 points.
  • On Settlement day the biggest inventory shift was noticed at 10328 Nov F and is our immediate reference level for a bias.
  • The trend day vwap at 10457 is now the near term support above the 10328 this series.
  • We maintain a short-term bullish view above 10328 F but will turn neutral if auction finds acceptance below it.
  • The vwap of the Oct series is at 10052 spot. The POC is at 10016
  • Value areas are at 10484-10475-10450 – for the next session.
  • Support is placed at 10440 in tomorrow’s session with resistance at 10501

 

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

 

  • **Bullish Hypo: Above 10501 longs for 10531
  • **Bearish Hypo: Below 10442 shorts for 10413
  • ** Neutral Range: 10470- 10440

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 Nov F:

 

bnf_compo1

 

  • The BNF Open was an Open Drive
  • The Day type was a Trend day
  • Vwap of the day was at 25448 with Volumes of 29.9 L and a High – Low of 25573-25193 for a range of 380 points.
  • An initiative Buyer is present from 25/10 at 24943F
  • We saw responsive buying again at 24940 on 27/10.
  • The vwap at 25448 is now the near-term support for the index
  • The vwap of Oct  series  is at 24348 spot with POC of 24122
  • The Value areas are at 25547-25530-25462 for the session next.
  • The Auction now has further support at 25408 for the next  session
  • The resistance may come around 25660

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

 

  • **Bullish Hypo: above 25578 for 25660
  • **Bearish Hypo: Below 25410 for 25280
  • ** Neutral Range: 25480- 25560

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.