Evening Report dated 07th Nov 17

Posted on Posted in Blog

The NF trended lower on the responsive selling seen yesterday above 10512 levels. However, the down move was bought heavily into first near 10440 levels and later below 10390 F. There was visible evidence at the close that inventory was long and these players would expect 10455-10465 revisit and possibly 10510 again. However, a move below 10380 can push this inventory out and bring 10320 quickly. 

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 OTD
  • The day type was a Trend day
  • Vwap of the session was at 10443 with Volumes of 134.6 L in a session which traded a High-Low range of 10515-10381 for 134 points.
  • The auction was heavy in volumes today and almost at 200000 contracts net
  • The region above 10490 has net sellers now and resistance into the series for now
  • Immediate ref zone now set up at 10444 which was the day vwap.
  • On Settlement day the biggest inventory shift was noticed at 10328 Nov F and is ou reference level for a bias in the series.
  • The vwap of the Oct series is at 10052 spot. The POC is at 10016
  • Value areas are at 10445-10410-10381 – for the next session.
  • Support is placed at 10365 in tomorrow’s session with resistance at 10455

 

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

 

  • **Bullish Hypo: Above 10455 longs for 10500
  • **Bearish Hypo: Below 10365 shorts for 10317
  • ** Neutral Range: 10400- 10430

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 OTD
  • The Day type was a Trend day
  • Vwap of the day was at 25497 with Volumes of 36.4 L and a High – Low of 25690-25337 for a range of 353 points.
  • Vol was high today and the vwap at 25497 has a role to play in the sessions ahead
  • An initiative Buyer is present from 25/10 at 24943F
  • We saw responsive buying again at 24940 on 27/10.
  • The vwap of Oct  series  is at 24348 spot with POC of 24122
  • The Value areas are at 25522-25390-25345 for the session next.
  • The Auction now has further support at 25270 for the next  session
  • The resistance may come around 25510

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

 

  • **Bullish Hypo: above 25510 for 25630
  • **Bearish Hypo: Below 25330 for 25270
  • ** Neutral Range: 25400- 25500

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.