Evening Report dated 30th Nov 17

Posted on Posted in Blog

On settlement day the Nifty November Futures broke below the pivot of 10330 F and trended 100 points lower to close near 10226F. The series of November concluded with a vwap at 10330 spot and the highest volumes in the series were traded at 10440 spot. In the BankNifty vwap of the Nov series was at 25440 with POC of 25740. 

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 Dec F:

 

nf_compo1

 

 

  • The NF Open was an OTD
  • The day type was a Trend day with vwap of 10316 and a pullback high of 10347,
  • Vwap of the session was at 10316 with Volumes of 126.9 L in a session which traded a High-Low range of 10364-10266 for 98 points.
  • 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 is on day T+2
  • 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 the Nov series is at 10330 spot. The POC is at 10440
  • Value areas are at 10320-10275-10268 – for the next session.
  • Support is placed at 10245 in tomorrow’s session with resistance at 10316
  • Projected range for a 100,000 contract day (+/- 15000) tomorrow is 10342-10208 extendable to 10368-10182

 

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

 

  • **Bullish Hypo: Above 10317 longs for 10345
  • **Bearish Hypo: Below 10245 shorts for 10211
  • ** Neutral Range: 10310- 10280

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 Open Drive
  • The Day type was a Trend day with vwap of 25588 and Pullback high of 25660
  • Vwap of the day was at 25588 with Volumes of 27.1 L and a High – Low of 25789-25374 for a range of 415 points.
  • The BNF opened below the recent composite balance highlighted in the chart above and went through it.
  • The vwap of Nov  series  is at 25440 spot with POC of 25740
  • The Value areas are at 25712-25605-25475  for the session next.
  • The support is at 25330 for the next session with resistance at 25605
  • Projected range for a 60,000 contract day (+/- 7000) tomorrow is 25887-25323 extendable to 25999-25211

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

 

  • **Bullish Hypo: above 25605 for 25749
  • **Bearish Hypo: Below 25330 for 25180
  • ** Neutral Range: 25470- 25590

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.