Evening Report dated 11th Oct 17

Posted on Posted in Blog

The auction on Wednesday trended lower sharply after a gap up failed to get new buyers to push prices higher in the afternoon session. The session erased all the gains made from the spike zone of last Friday and returned price back to that POC. The scene of the crime is at 10060 and a zone marked for a revisit later.

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 OAOR
  • The day type was a Neutral Extreme day.
  • We identify 10084 as a Failed Auction zone
  • The scene of the crime is at 10060 and a zone marked for a revisit later.
  • The profile shows responsive selling today at 10075
  • We see Initiative sells at 10040 also.
  • Vwap of the session was at 10038 with Volumes of 97 L in a session which traded a High-Low range of 10084-9969 for 114 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 10062-9989-9970- for the next session.
  • Support is placed at 9944 in tomorrow’s session with resistance at 10020

 

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

 

  • **Bullish Hypo: Above 10020 longs for 10060
  • **Bearish Hypo: Below 9975 shorts for 9944
  • ** Neutral Range: 10015-9985

 

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 OAOR
  • The Day type was a Normal Variation day
  • Vwap of the day was at 24277 with Volumes of 40.5 L and a High – Low of 24478-24080 for a range of 398 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 24350-24100-24080 for the session next.
  • The Auction now has further support at 23980 for the next  session
  • The resistance may come around 24270

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

 

  • **Bullish Hypo: above 24280 for 24380
  • **Bearish Hypo: Below 24050 for 23980
  • ** Neutral Range: 24100-24240

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