Evening Report dated 05th Jan ’18

Posted on Posted in Blog

The auction of Friday stayed above the 10530 F volume pivot and broke above the 2day Inside day range to close the week higher. We have identified through our daily posts the region around 10580 to 10600 as having previously supply. Hence if the bulls of Friday do not carry the Nifty over 10610 immediately in the 2 sessions ahead we could be looking for a trip down again.

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 OAOR
  • The day type was a Normal Variation Day
  • Vwap of the session was at 10555 with volumes of 69.1 L in a session which traded a High-Low range of 10582-10536 for 45 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 positive above 10530 roughly
  • 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 10566-10561-10549– for the next session.
  • Support is placed at 10555  in tomorrow’s session with resistance at 10590
  • Projected range for a 100,000 contract day (+/- 15000) tomorrow is 10605-10517 extendable to 10617-105490

 

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

 

  • **Bullish Hypo: Above 10590 longs for 10613
  • **Bearish Hypo: Below 10555 shorts for 10536
  • ** Neutral Range: 10550-10580

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 OAOR
  • The Day type was a Neutral Day
  • Vwap of the day was at 25581 with Volumes of 20.8 L and a High – Low of 25668-25520 for a range of 147 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 25600-25570-25550 for the session next.
  • The support is at 25580 for the next session with resistance at 25685
  • Projected range for a 60,000 contract day (+/- 7000) tomorrow is 25711-25470 extendable to25777-25420

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

 

  • **Bullish Hypo: above 25685 for 25730
  • **Bearish Hypo: Below 25580 for 25535
  • ** Neutral Range: 25590-25680

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.