Evening Report dated 09th Nov 17

Posted on Posted in Blog

The NF opened higher today but met with responsive selling and some long liquidation near 10400. It dipped lower where again it found big buyers who pushed or a higher close today. On the day auction, a trend down was broken sharply showing intent by responsive participants and eyes would be at 10410 F tomorrow on any higher probes to see how the existing sellers react. 

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 10348 with Volumes of 89.1 L in a session which traded a High-Low range of 10400-10303 for 97 points.
  • The auction pushed below the inventory control level of 10330 but did not see active selling 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 10376-10370-10319 – for the next session.
  • Support is placed at 10340 in tomorrow’s session with resistance at 10410

 

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

 

  • **Bullish Hypo: Above 10410 longs for 10437
  • **Bearish Hypo: Below 10340 shorts for 10307
  • ** 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 25360 with Volumes of 28.3 L and a High – Low of 25473-25256 for a range of 216 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 25420-25340-25307 for the session next.
  • The Auction now has further support at 25390 for the next  session
  • The resistance may come around 25535

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

 

  • **Bullish Hypo: above 25536 for 25612
  • **Bearish Hypo: Below 25390 for 25310
  • ** 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.