Wednesday’s auction was a telling one as the Nifty dove to 10360 which was an opportunity for the seller to exert control. However, we saw responsive buying in that auction and we mentioned yesterday how the Seller had surrendered his advantage easily. In today’s tape the Buyers seized control right at the open and drove the index higher to 10478 but the move was market with responsive selling coming back into the auction instead of sellers lifting away. Staying above 10425 F now, the Buyers have an opportunity to push the auction higher to 10540F.
The short-term weekly outlook for the Nifty and the plan we intend to follow is at – https://vtrender.com/weekly-hypos-week-dated-9th-april-to-13th-april-spot-prices/
Nifty APR F:
- The NF Open was an OAIR
- The day type was a Normal variation day
- Largest volume was traded at 10464 F today
- We closed above the FA of 10304 which is short-term bullish as long as 10304 is held.
- Vwap of the session was at 10439 with volumes of 86.3 L in a session which traded a High-Low range of 10478-10397 for 80 points.
- The vwap of the March series is at 10277 spot and the POC is at 10356.
- The settlement day rollover volume point is at 10154 F and is the bias point for the sessions ahead.
- Value areas are at 10469-10467-10428 for tomorrow
- Support is at 10427 in tomorrow’s session with resistance at 10492
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: Above 10492 longs for 10520
**Bearish Hypo: Below 10425 shorts for 10390
** Neutral Range: 10470-10430
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 APR F:
- The BNF Open was an OAIR
- The Day type was a Normal Variation Day
- Vwap of the day was at 25103 with Volumes of 35.2 L and a High – Low of 25230-24956 for a range of 276 points.
- The vwap of Mar series is at 24592 spot with POC of 24860
- The settlement day rollover volume point is at 24350 F and is the bias point for the sessions ahead.
- The Value areas are at 25227-25184-25055 for the session next.
- The support is at 25093 for the next session with resistance at 25275
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: above 25275 for 25385
**Bearish Hypo: Below 25090 for 24990
** Neutral Range: 25090-25240
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