Evening Report dated 10th Oct 17

Posted on Posted in Blog

The auction on Tuesday was an Open above the responsive buying seen at 10005 on Monday but it seems to lack momentum as it moved higher. We could be building a sideways range in this zone now in NF. The path of least resistance remains up.

To understand the short-term nature of the auction see our weekly Market profile report- http://vtrender.com/weekly-hypos-week-dated-09th-oct-13th-oct-spot-prices/

Nifty Oct F:

 

nf_compo1

 

  • The NF Open was an Open Auction
  • The day type was a Normal Variation Day
  • The profile shows responsive selling today at 10040
  • Vwap of the session was at 10031 with Volumes of 44.8 L in a session which traded a High-Low range of 10047-10012 for 35 points.
  • The trend day vwap of 27/09 is at 9844 F and at  10066 F for 22/09.
  • The vwap of the Sept series is at 9942 spot. The POC is at 10144
  • Value areas are at 10038-10036-10026- for the next session.
  • Support is placed at 10013 in tomorrow’s session with resistance at 10060

 

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

 

  • **Bullish Hypo: Above 10060 longs for 10080
  • **Bearish Hypo: Below 10012 shorts for 9989
  • ** Neutral Range: 10015-10037

 

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 Oct F:

 

bnf_compo1

 

  • The BNF Open was an Open auction
  • The Day type was a Normal Variation day
  • Vwap of the day was at 24355 with Volumes of 15.2 L and a High – Low of 24390-24310 for a range of 80 points.
  • The vwap at 24602 of 22/09 is the 2 supply points. 24066 from 27/09 is now crossed and is a support zone.
  • On 02/08 we have a failed auction at 25260 F which has not been visited and is now a supply point.
  • The vwap of Sept  series  is at 24440 spot with POC of 24357
  • The Value areas are at 24380-24374-24345 for the session next.
  • The Auction now has further support at 24320 for the next  session
  • The resistance may come around 24430

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

 

  • **Bullish Hypo: above 24430 for 24485
  • **Bearish Hypo: Below 24320 for 24260
  • ** Neutral Range: 24340-24390

For tradeable ideas on these hypos and to check the OrderFlow Live visit the trading room.