Evening Report dated 09th Jan ’18

Posted on Posted in Blog

The auction of Tuesday stayed well above the VAL of Monday’s session and managed to push the Initiative sellers seen at 10645 away by the close. The range confirmed a sideways zone beginning to form again above 10600 F and value went sideways during the session. Of note was the good responsive buying seen at 10626 F  which may push the index to the 10680 mark tomorrow.

To understand the short-term nature of the auction see our weekly Market profile report – http://vtrender.com/weekly-hypos-week-dated-08th-jan-12th-jan-spot-prices/

Nifty Jan F:

nf_compo1

 

 

 

  • The NF Open was an OAIR
  • The day type was a Normal Day
  • Vwap of the session was at 10631 with volumes of 66.1 L in a session which traded a High-Low range of 10656-10612 for 44 points.
  • The settlement day inventory is at 10533 F and hence the 10533 F zone is the reference area into Jan series.
  • The vwap of the Dec series is at 10296 spot. The POC is at 10477. This was a marginal series from Nov whose vwap was 10330 and POC of 10444
  • The auction shows a large volume zone at 10540 and another volume zone at 10468. Bias is now positive above 10530 roughly
  • Value areas are at 10643-10640-10626– for the next session.
  • Support is placed at 10630  in tomorrow’s session with resistance at 10660
  • Projected range for a 100,000 contract day (+/- 15000) tomorrow is 10670-10610 extendable to 10683-10599

 

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

 

  • **Bullish Hypo: Above 10661 longs for 10676
  • **Bearish Hypo: Below 10630 shorts for 10616
  • ** Neutral Range: 10650-10630

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 Jan F:

 

bnf_compo1

 

  • The BNF Open was an OAIR
  • The Day type was a Normal Day
  • Vwap of the day was at 25697 with Volumes of 15.9 L and a High – Low of 25769-25641 for a range of 128 points.
  • The vwap of Dec  series  is at 25336 spot with POC of 25584
  • We have a large composite balance between 25600 to 25850 which forms the bulk of a P shaped profile with POC of 25720
  • The Value areas are at 25730-25705-25680 for the session next.
  • The support is at 25670 for the next session with resistance at 25755
  • Projected range for a 60,000 contract day (+/- 7000) tomorrow is 25799-25620 extendable to 25825-25588

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

 

  • **Bullish Hypo: above 25750 for 25799
  • **Bearish Hypo: Below 25660 for 25625
  • ** Neutral Range: 25690-25740

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.