Evening Report dated 02nd Jan ’18

Posted on Posted in Blog

The auction of Tuesday confirmed the spike lower, seen on Monday which is short-term bearish and points to the path of least resistance shifting downwards. We built volume at 10470F today which was where the market traded for most of Nov and any further auction below this control point can open up 10350 F. Resistance is likely to come though, on any upward move to 10510 and 10536 F. Lower down we see 10410 F and 10360 F as immediate objectives. 

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 OD
  • The day type was a Normal Day
  • Vwap of the session was at 10470 F  with Volumes of 93.5 L in a session which traded a High-Low range of 10524-10436 for 87 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 10474-10470-10453– for the next session.
  • Support is placed at 10440  in tomorrow’s session with resistance at 10499
  • Projected range for a 100,000 contract day (+/- 15000) tomorrow is 10530-10410 extendable to 10554-10386

 

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

 

  • **Bullish Hypo: Above 10500 longs for 10530
  • **Bearish Hypo: Below 10440 shorts for 10410
  • ** Neutral Range: 10500-10440

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 Jan F:

 

bnf_compo1

 

  • The BNF Open was an OD
  • The Day type was a Normal Day
  • Vwap of the day was at 25380 with Volumes of 26.2 L and a High – Low of 25491-25287 for a range of 204 points.
  • The vwap of Dec  series  is at 25336 spot with POC of 25584
  • The Value areas are at 25400-25380-25332 for the session next.
  • The support is at 25320 for the next session with resistance at 25460
  • Projected range for a 60,000 contract day (+/- 7000) tomorrow is 25520-25240 extendable to 25580-25180

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

 

  • **Bullish Hypo: above 25458 for 25530
  • **Bearish Hypo: Below 25320 for 25260
  • ** Neutral Range: 25460-25330

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.