Evening Report dated 06th Nov 17

Posted on Posted in Blog

The NF Opened lower and advertised opportunity near the lower edge of the distribution of the past 3 sessions. It met responsive buyers who above Friday POC assumed full control to run the auction higher to 10530.  However responsive selling was seen continuously at the higher prices and the NF closed lower just under day vwap. Even the BNF saw a lot of responsive selling for the climb to 25700F. 

To understand the short-term nature of the auction see our weekly Market profile report –  http://vtrender.com/weekly-hypos-week-dated-06th-nov-10th-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 10490 with Volumes of 63.4 L in a session which traded a High-Low range of 10530-10442 for 88 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 10529-10512-10472 – for the next session.
  • Support is placed at 10448 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 10447 shorts for 10417
  • ** 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 25640 with Volumes of 18.4 L and a High – Low of 25715-25556 for a range of 158 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 25660-25630-25585 for the session next.
  • The Auction now has further support at 25530 for the next  session
  • The resistance may come around 25644

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

 

  • **Bullish Hypo: above 25694 for 25824
  • **Bearish Hypo: Below 25530 for 25480
  • ** Neutral Range: 25600- 25690

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.