Evening Report dated 11th Jan ’18

Posted on Posted in Blog

As the auction started this Monday for the current week, I was clear that the Nifty had to stay above 10600 F all through the week and if it did the Nifty would hit 10680 F. It’s actually been a slow rotational week with lows of 10596 and a high of 10682. But the pace of the auction seen seems to suggest to me that there will be a lot of the same in the sessions ahead. We are looking at a Nifty now which should stay within 10530 on the lower side and 10730 on the higher side.

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 of the 3IB kind
  • Vwap of the session was at 10642 with volumes of 73.2 L in a session which traded a High-Low range of 10682-10615 for 67 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 10670-10665-10640– for the next session.
  • Support is placed at 10630  in tomorrow’s session with resistance at 10676
  • Projected range for a 100,000 contract day (+/- 15000) tomorrow is 10711-10670 extendable to 10730-10601

 

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

 

  • **Bullish Hypo: Above 10676 longs for 10700
  • **Bearish Hypo: Below 10632 shorts for 10608
  • ** Neutral Range: 10640-10670

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 25640 with Volumes of 23.8 L and a High – Low of 25706-25550 for a range of 157 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 25695-25665-25622 for the session next.
  • The support is at 25616 for the next session with resistance at 25720
  • Projected range for a 60,000 contract day (+/- 7000) tomorrow is 25776-25564 extendable to 25818-25522

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

 

  • **Bullish Hypo: above 25720 for 25774
  • **Bearish Hypo: Below 25615 for 25560
  • ** Neutral Range: 25715-25625

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.