Evening Report dated 12th Dec 17

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We got a b shaped profile in the markets today which is a sign of long liquidation and tells us that the upmove which started last week on Thursday is done and the markets are correcting the rise. Into this view, on the micro front we have noted shorts been taken from 10160F and 10200 F previously and though a lot of them covered on Friday we still feel that a move down to those levels is an opportunity for a short covering move for the remainder which should lay the ground for the next rise. 

To understand the short-term nature of the auction see our weekly Market profile report – http://vtrender.com/weekly-hypos-week-dated-11th-dec-15th-dec-spot-prices/

Nifty Dec F:

 

nf_compo1

 

 

  • The NF Open was an OD
  • The day type was a Normal Variation day
  • Vwap of the session was at 10291 with Volumes of 64.8 L in a session which traded a High-Low range of 10337-10254 for 83 points.
  • The profile of today ( 12/12) is a long liquidation profile and puts an end to the upmove from 07/12
  • The vwap of the settlement day of Nov series  is at 10316 with a PBH of 10347 F ( also a trend day vwap dated 29/11)
  • The auction continues to trade below the FA point of 10393F  which is resistance for the sessions ahead.
  • We also saw another FA at 10465 F which has been unvisited.
  • On Settlement day the biggest inventory shift was noticed at 10278 DEC F and is our reference level for a bias in the series.
  • The vwap of Thursday 07th dec at 10146 is the new support for the auction short term.
  • The vwap of the Nov series is at 10330 spot. The POC is at 10440 ( the last upleg halted at this vwap on 11/12)
  • Value areas are at 10320-10299-10275– for the next session.
  • Support is placed at 10236 in tomorrow’s session with resistance at 10292
  • Projected range for a 100,000 contract day (+/- 15000) tomorrow is 10355-10236 extendable to 10378-10220

 

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

 

  • **Bullish Hypo: Above 10292 longs for 10320
  • **Bearish Hypo: Below 10236 shorts for 10208
  • ** Neutral Range: 10300-10275

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 Dec F:

 

bnf_compo1

 

  • The BNF Open was an OD
  • The Day type was a Normal Day
  • Vwap of the day was at 25238 with Volumes of 26.7 L and a High – Low of 25399-25160 for a range of 238 points.
  • The profile of today ( 12/12) is a long liquidation profile and puts an end to the upmove from 07/12
  • The Settlement Day dated 30/11 was a Trend day with vwap of 25588 and Pullback high of 25660
  • The vwap of Nov  series  is at 25440 spot with POC of 25740
  • The Value areas are at 25242-25225-25180 for the session next.
  • The support is at 25085 for the next session with resistance at 25245
  • Projected range for a 60,000 contract day (+/- 7000) tomorrow is 25388-25062 extendable to 25452-24998

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

 

  • **Bullish Hypo: above 25245 for 25328
  • **Bearish Hypo: Below 25085 for 25000
  • ** Neutral Range: 25180- 25240

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.