Evening MarketProfile report dated 09th May

The responsive buying seen yesterday were able to push the Nifty past the 10767 F hurdle today. The auction stalled near 10788 later in the day on some booking of longs, especially at 10778 F. Regardless we see 10746 as a good cushion for longs for the rest of the week. The expected move of the auction is now to 10825 and 10906F. I’m speaking on how to use the MarketProfile as a  process to stay ahead of the opportunities the markets gives 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 8 Evening Marketprofile Report Dated 09Th May Auction Market Theory, Banknifty Future, Marketprofile, Nifty Future

 

 

  • The NF Open was an Open Test Drive
  • The day type was a Normal variation day
  • Largest volume was traded at 10773 F today
  • Vwap of the session was at 10753 with volumes of 61.3 L in a session which traded a High-Low range of  10786-10712  for 89 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 10784-10773-10746  for tomorrow
  • Support is at 10740 in tomorrow’s session with resistance at 10798

 

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

 

**Bullish Hypo: Above 10798 longs for 10824

**Bearish Hypo: Below 10722 shorts for 10661

** Neutral Range: 10730-10774

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 9 Evening Marketprofile Report Dated 09Th May Auction Market Theory, Banknifty Future, Marketprofile, Nifty Future

 

  • The BNF Open was an Open test drive
  • The Day type was a Normal Variation day
  • Vwap of the day was at 26083 with Volumes of 24.3 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 26155-26128-26060 for the session next.
  • The support is at 26050 for the next session with resistance at 26205

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

 

**Bullish Hypo: above 26205  for 26284

**Bearish Hypo: Below 26050 for 25970

** Neutral Range: 26090-26200

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