Evening Report dated 30th Oct 17

Posted on Posted in Blog

The NF on Monday was a low volume drifter which bounced off the POC of Friday’s profile right at the Open but made little progress above the previous day highs. The volumes traded were under 100000 contracts at 57350 net which is way less that the volume required to move the markets. In all, it showed that the Larger players namely institutions were removed from the market auction and prices were being advertised for the locals and smaller retail players.

To understand the short-term nature of the auction see our weekly Market profile report- http://vtrender.com/weekly-hypos-week-dated-30th-oct-03rd-nov-spot-prices/

Nifty Nov F:

 

nf_compo1

 

 

  • The NF Open was an Open Auction.
  • The day type was a Normal day
  • Vwap of the session was at 10388 with Volumes of 43.1 L in a session which traded a High-Low range of 10405-10368 for 37 points.
  • On Settlement day the biggest inventory shift was noticed at 10328 Nov F and is our immediate reference level for a bias.
  • We maintain a short-term bullish view above 10328 F but will turn neutral if auction finds acceptance below it.
  • The vwap of the Oct series is at 10052 spot. The POC is at 10016
  • Value areas are at 10394-10390-10382 – for the next session.
  • Support is placed at 10370 in tomorrow’s session with resistance at 10405

 

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

 

  • **Bullish Hypo: Above 10405 longs for 10428
  • **Bearish Hypo: Below 10368 shorts for 10344
  • ** Neutral Range: 10370- 10400

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 Oct F:

 

bnf_compo1

 

  • The BNF Open was an ORR
  • The Day type was a Normal Day ( 3rd day in a row)
  • Vwap of the day was at 25066 with Volumes of 15.1 L and a High – Low of 25125-24935 for a range of 190 points.
  • An initiative Buyer is present from 25/10 at 24943F
  • We saw responsive buying again at 24940 on 27/10.
  • On 02/08 we have a failed auction at 25260 F which has not been visited and is now a supply point.
  • The vwap of Oct  series  is at 24348 spot with POC of 24122
  • The Value areas are at 25092- 25077-25057 for the session next.
  • The Auction now has further support at 25010 for the next  session
  • The resistance may come around 25145

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

 

  • **Bullish Hypo: above 25140 for 25202
  • **Bearish Hypo: Below 25010 for 24940
  • ** Neutral Range: 25120- 25040

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.