Evening Report dated 31st Oct 17

Posted on Posted in Blog

The NF on Tuesday was another low volume drifter which worked within the composite of 10330- 10400 which we have been seeing from settlement day. The auction is clearly balancing after the strong upmove seen in the settlement week.

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 Variation Day
  • Vwap of the session was at 10370 with Volumes of 46.2 L in a session which traded a High-Low range of 10389-10350 for 39 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 10374-10370-10362 – for the next session.
  • Support is placed at 10358 in tomorrow’s session with resistance at 10384

 

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

 

  • **Bullish Hypo: Above 10384 longs for 10405
  • **Bearish Hypo: Below 10344 shorts for 10328
  • ** Neutral Range: 10370- 10350

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 OAIR
  • The Day type was a Normal Day ( 4th day in a row)
  • Vwap of the day was at 25041 with Volumes of 17.2 L and a High – Low of 25112-24963 for a range of 149 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 25072- 25047-25025 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.