Evening Report dated 04th Jan ’18

Posted on Posted in Blog

The auction of Thursday was an inside day well contained within the 2 volume clusters at 10545 and 10465 which are holding the auction sideways for now. The 3 dayGaussian curve in this range looks more bottom heavy than balanced and a lack of continuation above 10550F tomorrow would point to a range between 10530 to 10480 again for tomorrow. However, strength above 10530 can push this auction to test 10580 tomorrow itself. 

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 10501 with volumes of 68.4 L in a session which traded a High-Low range of 10536-10463 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
  • The auction shows a large volume zone at 10540 and another volume zone at 10468. Bias is now neutral between these 2 zones (  short-term swing)
  • But we also have a clear rejection of the auction dated 27/12 between 10570 and 10600. So this is the second round of supply.
  • Support lower exists at 10350 F
  • Value areas are at 10534-10530-10485– for the next session.
  • Support is placed at 10502  in tomorrow’s session with resistance at 10550
  • Projected range for a 100,000 contract day (+/- 15000) tomorrow is 10580-10480 extendable to 10599-10461

 

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

 

  • **Bullish Hypo: Above 10550 longs for 10576
  • **Bearish Hypo: Below 10500 shorts for 10476
  • ** Neutral Range: 10500-10530

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 25450 with Volumes of 25.4 L and a High – Low of 25524-25379 for a range of 144 points.
  • The vwap of Dec  series  is at 25336 spot with POC of 25584
  • We have a large composite balance between 25600 to 25850 which forms the bulk of a P shaped profile with POC of 25720
  • This 25720 F is now a supply zone
  • Lower down the auction has support near the 25160 zone.
  • The Value areas are at 25510-25490-25450 for the session next.
  • The support is at 25448 for the next session with resistance at 25544
  • Projected range for a 60,000 contract day (+/- 7000) tomorrow is 25589-25391 extendable to 25628-25352

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

 

  • **Bullish Hypo: above 25548 for 25595
  • **Bearish Hypo: Below 25448 for 25398
  • ** Neutral Range: 25490-25430

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.