Evening Report dated 15th Dec 17

Posted on Posted in Blog

On Friday morning at the Open, the Nifty and the BankNifty gapped up and held near the Open Price in an Open Auction Out of Range ( OAOR). One should go with all gaps which do not fill quickly as they are considered as Single print buying tails though invisible in form. This we see a new tail fro 10298 to 10343 which is initiative buying to secure the responsive Buying seen at 10163 F on Thursday. The path of least resistance, hence, continues to be up. 

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 Normal Variation day
  • Vwap of the session was at 10370 with Volumes of  102.8 L in a session which traded a High-Low range of 10400-10343 for 57 points.
  • The profile of  Friday follows up above the neutral extreme of Thursday with single print buying.
  • Hence 10298 F is the new support for the index.
  • This ties in with the settlement day inventory at 10278 F and hence the 10278- 10298 F zone is supported now into the settlement.
  • 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 10377-10365-10353– for the next session.
  • Support is placed at 10337 in tomorrow’s session with resistance at 10395
  • Projected range for a 100,000 contract day (+/- 15000) tomorrow is 10404-10326 extendable to 10454-10289

 

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

 

  • **Bullish Hypo: Above 10395 longs for 10439
  • **Bearish Hypo: Below 10337 shorts for 10317
  • ** Neutral Range: 10350-10390

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 Normal day
  • Vwap of the day was at 25510 with Volumes of 30.3 L and a High – Low of 25590-25439 for a range of 150 points.
  • The auction of Friday opened above the neutral extreme of 14/12 and has a buying tail from 25240.
  • This is the new support for the index
  • 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 25530-25510-25465 for the session next.
  • The support is at 25475 for the next session with resistance at 25575
  • Projected range for a 60,000 contract day (+/- 7000) tomorrow is 25613-25407 extendable to 24653-25367

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

 

  • **Bullish Hypo: above 25575 for 25628
  • **Bearish Hypo: Below 25470 for 25422
  • ** Neutral Range: 25530-25470

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.