Evening Report dated 14th Nov 17

Posted on Posted in Blog

The NF showed another excess today at session highs and though minor today it was the third in a row and continued to push value lower. There is responsive selling which is proving to be stronger at the moment than the buying seen in intraday dips. Path of least resistance continues to be down as value moves southwards. 

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 Open Auction
  • The day type was a Normal Variation day
  • Vwap of the session was at 10250 with Volumes of 82.4 L in a session which traded a High-Low range of 10278-10225 for 53 points.
  • The auction continues below the inventory control level of 10330F which was our bias point when the new series started.
  • Responsive selling was seen near 10270 F today which marked the lows of the mini composite of the past week.
  • 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 10254-10234-10230 – for the next session.
  • Support is placed at 10215 in tomorrow’s session with resistance at 10252

 

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

 

  • **Bullish Hypo: Above 10252 longs for 10270
  • **Bearish Hypo: Below 10215 shorts for 10195
  • ** Neutral Range: 10230- 10245

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 Open auction below Monday lows
  • The Day type was a Neutral day
  • Vwap of the day was at 25413 with Volumes of 23.7 L and a High – Low of 25524-25320 for a range of 203 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 25455-25413-25377 for the session next.
  • The Auction now has further support at 25333 for the next  session
  • The resistance may come around 25470

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

 

  • **Bullish Hypo: above 25470 for 25540
  • **Bearish Hypo: Below 25330 for 25260
  • ** Neutral Range: 25450- 25380

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.