Evening Report dated 10th Nov 17

Posted on Posted in Blog

The NF opened lower and the Buy-side imbalance seen at the close on Thursday was forced to make additional buying at the lows to prop up the index back to the closing prices of Thursday where we saw long liquidation happening aggressively and the NF was forced lower by a 100 points from that zone before another round of buying pushed the index back up again. The day was neutral with alternate rounds of buying and selling showing two-time frames building opposing inventories in this zone.

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 Neutral day
  • Vwap of the session was at 10334 with Volumes of 93.9 L in a session which traded a High-Low range of 10380-10284 for 97 points.
  • The auction pushed below the inventory control level of 10330 but did not see again much 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 10351-10330-10314 – for the next session.
  • Support is placed at 10316 in tomorrow’s session with resistance at 10380

 

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

 

  • **Bullish Hypo: Above 10380 longs for 10410
  • **Bearish Hypo: Below 10315 shorts for 10283
  • ** 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 25467 with Volumes of 36.9 L and a High – Low of 25667-25330 for a range of 337 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 25225-25415-25370 for the session next.
  • The Auction now has further support at 25410 for the next  session
  • The resistance may come around 25635

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

 

  • **Bullish Hypo: above 25636 for 25712
  • **Bearish Hypo: Below 25410 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.