Evening Report dated 05th Dec 17

Posted on Posted in Blog

The auction at the open today was Initiative and driving lower but was met with aggressive responsive buying who pushed the index back to day highs and managed an extension to yesterday VAH also where we saw another sharp round of responsive selling. The close was good and managed to hold 10120F and if it manages to negotiate the supply at 10180- 10190 F well tomorrow should drive to 10277 F next. 

To understand the short-term nature of the auction see our weekly Market profile report – http://vtrender.com/weekly-hypos-week-dated-27th-nov-01st-dec-spot-prices/

Nifty Dec F:

 

nf_compo1

 

 

  • The NF Open was an OD
  • The day type was a Normal Variation Day.
  • Vwap of the session was at 10127 with Volumes of 97.7 L in a session which traded a High-Low range of 10179-10091 for 88 points.
  • Today’s auction tested below the swings lows made last month but found no new supply.
  • The vwap of the settlement day is at 10316 with a PBH of 10347 F ( also a trend day vwap dated 29/11)
  • The auction continues to trade below the FA point of 10393F  which is resistance for the sessions ahead.
  • We also saw another FA at 10465 F which is on day T+4
  • On Settlement day the biggest inventory shift was noticed at 10278 DEC F and is our reference level for a bias in the series.
  • The vwap of the Nov series is at 10330 spot. The POC is at 10440
  • Value areas are at 10155-10145-10110  – for the next session.
  • Support is placed at 10117 in tomorrow’s session with resistance at 10175
  • Projected range for a 100,000 contract day (+/- 15000) tomorrow is 10086-10206 extendable to 10062-10230

 

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

 

  • **Bullish Hypo: Above 10175 longs for 10205
  • **Bearish Hypo: Below 10116 shorts for 10086
  • ** Neutral Range: 10170- 10140

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 Dec F:

 

bnf_compo1

 

  • The BNF Open was an Open Drive
  • The Day type was a Normal Variation Day
  • Vwap of the day was at 25117 with Volumes of 32.2 L and a High – Low of 25297-24980 for a range of 316 points.
  • We saw sharp responsive buying at 25175 F in today’s auction
  • The Settlement Day dated 30/11 was a Trend day with vwap of 25588 and Pullback high of 25660
  • The BNF is again poised at the edge of the lower composite in the chart above
  • The vwap of Nov  series  is at 25440 spot with POC of 25740
  • The Value areas are at 25207-25055-24987  for the session next.
  • The support is at 25140 for the next session with resistance at 25351
  • Projected range for a 60,000 contract day (+/- 7000) tomorrow is 24840-25270 extendable to 24754-25356

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

 

  • **Bullish Hypo: above 25356 for 25461
  • **Bearish Hypo: Below 25145 for 25030
  • ** Neutral Range: 25260- 25340

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.