Evening MarketProfile report dated 08th May

The Nifty stalled at 10766.85 which was the zone we expected for the move. But from there we got a slide down to the 10680- 10690 F zone where responsive buying emerged as we had expected. The beauty of MarketProfile remains an ability to get an insight into the process from point A to Point B. I’m speaking on how tu use this process to stay ahead of the opportunities the markets give us this coming Saturday in Mumbai. If you are in and around, we recommend it highly for your account. Details at – https://goo.gl/6fBqQw

The short-term weekly outlook for the Nifty and the plan we intend to follow is at  – https://vtrender.com/weekly-outlook-for-the-week-dated-7th-may-to-11th-may/

Nifty May F:

 

Nf Compo1 7 Evening Marketprofile Report Dated 08Th May Auction Market Theory, Marketprofile, Orderflow

 

 

  • The NF Open was an Open rejection
  • The day type was a Normal variation day
  • Largest volume was traded at 10735 F today
  • Vwap of the session was at 10730 with volumes of 63.9 L in a session which traded a High-Low range of  10766-10680  for 86 points.
  • The vwap of the April series is at 10419 spot and the POC is at 10556.
  • The settlement day rollover volume point is at 10632 F and 10603 F and is the bias point for the sessions ahead.
  • Value areas are at 110754-10735-10730  for tomorrow
  • Support is at 10705 in tomorrow’s session with resistance at 10770

 

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

 

**Bullish Hypo: Above 10774 longs for 10795

**Bearish Hypo: Below 10706 shorts for 10677

** Neutral Range: 10720-10744

Note – hypos are tradeable with a 1-1 ratio and are valid for the full session from Open to close. For example, a 30-point target would mean a stop of 30.

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 May F:

 

Bnf Compo1 8 Evening Marketprofile Report Dated 08Th May Auction Market Theory, Marketprofile, Orderflow

 

  • The BNF Open was an Open auction
  • The Day type was a Normal day
  • Vwap of the day was at 25997 with Volumes of 28.3 L and a High – Low of  26070-25933 for a range of 137 points.
  • The vwap of Apr series is at 25010 spot with POC of 25050
  • The settlement day rollover volume point is at 25035 F and is the bias point for the sessions ahead.
  • The Value areas are at 26015-25990-25957 for the session next.
  • The support is at 25990 for the next session with resistance at 26090

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

 

**Bullish Hypo: above 26090  for 26136

**Bearish Hypo: Below 25987 for 25950

** Neutral Range: 26090-26000

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