Evening Report dated 07th Dec 17

Posted on Posted in Blog

The auction of today early at the open followed up on the buying seen yesterday but we saw a big divergence set up on the moves higher especially at 10125 and 10161 and at the close near 10210. The selling into the close near 10210 confirmed that sellers were still interested in the auction and the upmove did not have strong demand. From here we expect a retest of 10146- 10126 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 Trend day
  • Vwap of the session was at 10146 with Volumes of 101.8 L in a session which traded a High-Low range of 10218-10079 for 140 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+5
  • 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 10173-10128-10105– for the next session.
  • Support is placed at 10160 in tomorrow’s session with resistance at 10252
  • Projected range for a 100,000 contract day (+/- 15000) tomorrow is 10223-10033 extendable to 10260-9996

 

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

 

  • **Bullish Hypo: Above 10252 longs for 10301
  • **Bearish Hypo: Below 10160 shorts for 10111
  • ** Neutral Range: 10160-10200

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 OD
  • The Day type was a Trend day
  • Vwap of the day was at 25092 with Volumes of 29.3 L and a High – Low of 25209-24940 for a range of 258 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 25147-25115-25027 for the session next.
  • The support is at 25080 for the next session with resistance at 25262
  • Projected range for a 60,000 contract day (+/- 7000) tomorrow is 25298-24932 extendable to 25371-24860

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

 

  • **Bullish Hypo: above 25260 for 25355
  • **Bearish Hypo: Below 25080 for 24980
  • ** Neutral Range: 25090- 25200

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.