Evening Report dated 13th Dec 17

Posted on Posted in Blog

The markets whipsawed today. They opened below yesterday lows and went up and tested the highs of the auction range of yesterday. But what looked like a Double distribution in the making flipped around in the afternoon session and sellers came back aggressively to close the market at the lows in a Neutral Extreme. 

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 OAOR
  • The day type was a Neutral Day
  • Vwap of the session was at 10268 with Volumes of 123.7 L in a session which traded a High-Low range of 10332-10190 for 142 points.
  • The profile of today was a Neutral day and with a vwap ay 10268 which has ref for tom.
  • 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 10330-10317-10233– for the next session.
  • Support is placed at 10180 in tomorrow’s session with resistance at 10274
  • Projected range for a 100,000 contract day (+/- 15000) tomorrow is 10220-10317 extendable to 10182-10414

 

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

 

  • **Bullish Hypo: Above 10274 longs for 10320
  • **Bearish Hypo: Below 10180 shorts for 10130
  • ** Neutral Range: 10230-10270

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 OAOR
  • The Day type was a Neutral Day
  • Vwap of the day was at 25158 with Volumes of 40.2 L and a High – Low of 25348-24962 for a range of 385 points.
  • 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 25245-25060-24967 for the session next.
  • The support is at 24918 for the next session with resistance at 25176
  • Projected range for a 60,000 contract day (+/- 7000) tomorrow is 25322-24798 extendable to 25427-24693

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

 

  • **Bullish Hypo: above 25176 for 25308
  • **Bearish Hypo: Below 24918 for 24785
  • ** Neutral Range: 25080- 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.