Evening Report dated 29th Dec 17

Posted on Posted in Blog

On the first day of the new series of Jan, the auction traded the 60-minute zone of settlement day between 10565 and 10501 and developed value in the zone. The profile was an Inside day with a high volume zone at 10533 which is the immediate support for the auction

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 Normal Variation day
  • Vwap of the session was at 10543 with Volumes of 80.3 L in a session which traded a High-Low range of 10568-10501 for 67 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 10549-10533-10529– for the next session.
  • Support is placed at 10530  in tomorrow’s session with resistance at 10578
  • Projected range for a 100,000 contract day (+/- 15000) tomorrow is 10581-10489 extendable to 10599-10471

 

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

 

  • **Bullish Hypo: Above 10578 longs for 10602
  • **Bearish Hypo: Below 10533 shorts for 10510
  • ** Neutral Range: 10533-10575

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 25555 with Volumes of 17.7 L and a High – Low of 25598-25484 for a range of 113 points.
  • The vwap of Dec  series  is at 25336 spot with POC of 25584
  • The Value areas are at 25580-25555-25545 for the session next.
  • The support is at 25530 for the next session with resistance at 25608
  • Projected range for a 60,000 contract day (+/- 7000) tomorrow is 25633-25477 extendable to 25665-25435

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

 

  • **Bullish Hypo: above 25608 for 25648
  • **Bearish Hypo: Below 25530 for 25490
  • ** Neutral Range: 25610-25530

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.