Evening Report dated 06th Dec 17

Posted on Posted in Blog

The auction at the open today was an anti-climax to the move seen late yesterday but noticeable immediately was the lack of demand in the Micro balance of 10100- 10125 F. Unlike yesterday where we saw a lot of buying in this balance resulting in the upmove later in the day, the open of today in the same MB did not have buying and sellers took over resulting in a close at lows. 

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 OAIR
  • The day type was a Normal Variation Day.
  • Vwap of the session was at 10090 with Volumes of 98.4 L in a session which traded a High-Low range of 10126-10052 for 74 points.
  • 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 10101-10071-10060 – for the next session.
  • Support is placed at 10049 in tomorrow’s session with resistance at 10099
  • Projected range for a 100,000 contract day (+/- 15000) tomorrow is 10021-10121 extendable to 10001-10141

 

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

 

  • **Bullish Hypo: Above 10100 longs for 10124
  • **Bearish Hypo: Below 10049 shorts for 10024
  • ** Neutral Range: 10070- 10090

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 OAIR
  • The Day type was a Normal Variation Day
  • Vwap of the day was at 25053 with Volumes of 34.3 L and a High – Low of 25240-24885 for a range of 354 points.
  • 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 25140-25115-24985 for the session next.
  • The support is at 24824 for the next session with resistance at 25060
  • Projected range for a 60,000 contract day (+/- 7000) tomorrow is 24874-25356 extendable to 24778-25452

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

 

  • **Bullish Hypo: above 25060 for 25183
  • **Bearish Hypo: Below 24824 for 24701
  • ** Neutral Range: 25060- 24980

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.