Evening Report dated 08th Nov 17

Posted on Posted in Blog

The NF spent a lot of time balancing in the lower quadrant of the trend day seen yesterday. We had remarked on the buying seen near the close and that got cleaned out by the market as it tested the inventory management point from the settlement date of Oct series, a level which we have been consistently marking in all our evening posts. The Nifty would find itself hurtling towards 10150 again if the 10330 F zone is not protected into the weekly close. 

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 10383 with Volumes of 83.6 L in a session which traded a High-Low range of 10423-10333 for 90 points.
  • The auction pushed below the microbalance between 10380- 10420 in the second half today
  • 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 vwap of the trend down day of 07/11.
  • 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 10414-10390-10368 – for the next session.
  • Support is placed at 10325 in tomorrow’s session with resistance at 10385

 

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

 

  • **Bullish Hypo: Above 10385 longs for 10416
  • **Bearish Hypo: Below 10325 shorts for 10294
  • ** Neutral Range: 10340- 10370

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 Neutral day
  • Vwap of the day was at 25392 with Volumes of 32.5 L and a High – Low of 25519-25237 for a range of 283 points.
  • The vwap at 25497 of the trend down day of 07/11 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 25435-25285-25250 for the session next.
  • The Auction now has further support at 25200 for the next  session
  • The resistance may come around 25395

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

 

  • **Bullish Hypo: above 25396 for 25490
  • **Bearish Hypo: Below 25200 for 25100
  • ** Neutral Range: 25400- 25300

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.