Evening Report dated 13th Nov 17

Posted on Posted in Blog

The NF opened within the neutral profile of Friday’s auction and stayed within that 3-1-3 of that day till a spike at the close ensured a close at session lows today. The spike between 10285 and 10259 is the major reference zone for the auction tomorrow and the sessions ahead. 

To understand the short-term nature of the auction see our weekly Market profile report –  http://vtrender.com/weekly-hypos-week-dated-13th-nov-17th-nov-spot-prices/

Nifty Nov F:

 

nf_compo1

 

 

  • The NF Open was an OAIR
  • The day type was a Normal Variation day
  • Vwap of the session was at 10304 with Volumes of 77.8 L in a session which traded a High-Low range of 10354-10259 for 95 points.
  • The auction pushed below the inventory control level of 10330 but did not see again much active buying today.
  • the responsive buying seen past 2 sessions below 10330 was absent today.
  • the spike between 10285- 10259 is the reference zone for the auction tomorrow
  • The region above 10490 has net sellers now and resistance into the series for now
  • Immediate ref zone now set up at 10444 which was the vwap of the trend down day of 07/11.
  • On Settlement day the biggest inventory shift was noticed at 10328 Nov F and is ou reference level for a bias in the series.
  • The vwap of the Oct series is at 10052 spot. The POC is at 10016
  • Value areas are at 10307-10265-10260 – for the next session.
  • Support is placed at 10258 in tomorrow’s session with resistance at 10295

 

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

 

  • **Bullish Hypo: Above 10296 longs for 10330
  • **Bearish Hypo: Below 10255 shorts for 10232
  • ** Neutral Range: 10260- 10285

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 Nov F:

 

bnf_compo1

 

  • The BNF Open was an OAIR
  • The Day type was a Normal day
  • Vwap of the day was at 25536 with Volumes of 20.1 L and a High – Low of 25604-25442 for a range of 162 points.
  • An initiative Buyer is present from 25/10 at 24943F
  • We saw responsive buying again at 24940 on 27/10.
  • The vwap of Oct  series  is at 24348 spot with POC of 24122
  • The Value areas are at 25555-25460-25447 for the session next.
  • The Auction now has further support at 25400 for the next  session
  • The resistance may come around 25565

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

 

  • **Bullish Hypo: above 25510 for 25565
  • **Bearish Hypo: Below 25400 for 25345
  • ** Neutral Range: 25400- 25500

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.