Evening Report dated 28th Dec 17

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Settlement day was an auction between the 2 volume points of Thursday’s trade. The auction tested the scene of the crime at 10540 ( Dec F) but met with supply there and the settlement was at the lows of the day. Highest volume traded in Jan F was at 10533 F which is the reference point as we move into Jan series. The auction would be biased downwards now till we move above this volume point ( 10533 Jan F). The vwap of the series of December was at 10296 ( spot) and the highest volume traded was at 10477 spot where we closed today.

To understand the short-term nature of the auction see our weekly Market profile report –http://vtrender.com/weekly-hypos-week-dated-26th-dec-29th-dec-spot-prices/

Nifty Jan F:

 

nf_compo1

 

 

  • The NF Open was an OAIR
  • The day type was a Neutral Day
  • Vwap of the session was at 10538 with Volumes of 143.8 L in a session which traded a High-Low range of 10568-10505 for 63 points.
  • The settlement day inventory is at 10533 F and hence the 10533 F zone is the reference area into Jan series.
  • The vwap of the Dec series is at 10296 spot. The POC is at 10477. This was a marginal series from Nov whose vwap was 10330 and POC of 10444
  • Value areas are at 10544-10533-10526– for the next session.
  • Support is placed at 10490  in tomorrow’s session with resistance at 10533
  • Projected range for a 100,000 contract day (+/- 15000) tomorrow is 10576-10490 extendable to 10593-10473

 

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

 

  • **Bullish Hypo: Above 10535 longs for 10555
  • **Bearish Hypo: Below 10490 shorts for 10470
  • ** Neutral Range: 10500-10520

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 Jan F:

 

bnf_compo1

 

  • The BNF Open was an OAIR
  • The Day type was a Normal day
  • Vwap of the day was at 25545 with Volumes of 21.9 L and a High – Low of 25618-25497 for a range of 133 points.
  • The vwap of Dec  series  is at 25336 spot with POC of 25584
  • The Value areas are at 25580-25550-25530 for the session next.
  • The support is at 25450 for the next session with resistance at 25530
  • Projected range for a 60,000 contract day (+/- 7000) tomorrow is 25630-25470 extendable to 25665-25435

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

 

  • **Bullish Hypo: above 25575 for 25700
  • **Bearish Hypo: Below 25450 for 25400
  • ** Neutral Range: 25460-25550

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.