Evening Report dated 10th Jan ’18

Posted on Posted in Blog

The auction of Wednesday attempted a move lower below 10616 the bracket lows but met with sharp responsive buying which pushed the index back to the VPOC at 10640 by the close. The day profile shows again a  seller at 10644 like yesterday but there was some big responsive buying which we saw at 10614 through the session.  These buyers would look to attempt a move to 10680 as long as 10616 holds in the next 2 sessions. It’s a 3-day balance in the making which means moves would be incremental and structure rotational. 

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 Variation Day
  • Vwap of the session was at 10623 with volumes of 70.6 L in a session which traded a High-Low range of 10648-10596 for 51 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 10643-10640-10620– for the next session.
  • Support is placed at 10616  in tomorrow’s session with resistance at 10650
  • Projected range for a 100,000 contract day (+/- 15000) tomorrow is 10670-10610 extendable to 10688-10590

 

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

 

  • **Bullish Hypo: Above 10652 longs for 10670
  • **Bearish Hypo: Below 10618 shorts for 10600
  • ** 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 Variation Day
  • Vwap of the day was at 25626 with Volumes of 19.7 L and a High – Low of 25714-25565 for a range of 149 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 25637-25626-25586 for the session next.
  • The support is at 25575 for the next session with resistance at 25675
  • Projected range for a 60,000 contract day (+/- 7000) tomorrow is 25711-25510 extendable to 25755-25470

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

 

  • **Bullish Hypo: above 25675 for 25726
  • **Bearish Hypo: Below 25575 for 25525
  • ** Neutral Range: 25675-25575

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.