Evening Report dated 29th Nov 17

Posted on Posted in Blog

The NF opened within the profile of the previous session but there was visible selling pressure mounting through the day. The sellers managed to have a close at the day lows and the Failed Auction point of 10352 today. However, there was a pickup in demand at the close and should point to higher levels for the settlement tomorrow. 

To understand the short-term nature of the auction see our weekly Market profile report – http://vtrender.com/weekly-hypos-week-dated-27th-nov-01st-dec-spot-prices/

Nifty Nov F:

 

nf_compo1

 

 

  • The NF Open was an OAIR
  • The day type was a Neutral day
  • Vwap of the session was at 10384 with Volumes of 74.2 L in a session which traded a High-Low range of 10410-10338 for 70 points.
  • The auction visisted the FA point at 10353 F today and closed there.
  • We also saw another FA at 10428 F which is on day T+1
  • 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 our 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 10403-10398-10372 – for the next session.
  • Support is placed at 10330 in tomorrow’s session with resistance at 10377
  • Projected range for a 100,000 contract day (+/- 15000) tomorrow is 10448- 10352 extendable to 10467-10330

 

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

 

  • **Bullish Hypo: Above 10377 longs for 10402
  • **Bearish Hypo: Below 10330 shorts for 10306
  • ** Neutral Range: 10350- 10370

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
  • The Day type was a Neutral Day
  • Vwap of the day was at 25849 with Volumes of 18.5 L and a High – Low of 25913-25781 for a range of 132 points.
  • The BNF again managed a close above composite highs of 25700 which is a short-term support
  • The vwap of Oct  series  is at 24348 spot with POC of 24122
  • The Value areas are at 25874-25830-25804  for the session next.
  • The support is at 25745 for the next session with resistance at 25833
  • Projected range for a 60,000 contract day (+/- 7000) tomorrow is 25930-25750 extendable to 25715-25965

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

 

  • **Bullish Hypo: above 25833 for 25880
  • **Bearish Hypo: Below 25745 for 25700
  • ** Neutral Range: 25790- 25830

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.