Evening Report dated 03rd Nov 17

Posted on Posted in Blog

The NF on saw lots of responsive buying on Friday through the day even as it operated in the upper distribution of the weekly DD. The BNF crossed over the multi-session highs and was more bullish of the two at Friday 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 OAIR
  • The day type was a Normal Variation Day
  • Vwap of the session was at 10462 with Volumes of 54.9 L in a session which traded a High-Low range of 10493-10425 for 68 points.
  • On Settlement day the biggest inventory shift was noticed at 10328 Nov F and is our immediate reference level for a bias.
  • The weekly profile is a double distribution with the upper value between 10430- 10480.
  • We maintain a short-term bullish view above 10328 F.
  • The vwap of the Oct series is at 10052 spot. The POC is at 10016
  • Value areas are at 10490-10462-10455 – for the next session.
  • Support is placed at 10466 in tomorrow’s session with resistance at 10512

 

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

 

  • **Bullish Hypo: Above 10512 longs for 10535
  • **Bearish Hypo: Below 10466 shorts for 10443
  • ** Neutral Range: 10470- 10490

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 OAIR
  • The Day type was a Normal Variation Day
  • Vwap of the day was at 25549 with Volumes of 23.4 L and a High – Low of 25688-25427 for a range of 261 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 25627-25522-25427 for the session next.
  • The Auction now has further support at 25590 for the next  session
  • The resistance may come around 25764

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

 

  • **Bullish Hypo: above 25764 for 25854
  • **Bearish Hypo: Below 25590 for 25500
  • ** Neutral Range: 25600- 25730

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.