Our expectation at the close of yesterday’s session was a push by the buyers to 10540 F. The Nifty April F hit a high of 10527 today before some sharp responsive selling came to turn the day around in a neutral day type. The presence of Buyers and Sellers who exhibit an equal amount of control on the day auction classifies the day as a neutral day. In today’s auction, we got a neutral center. Prominent in our OrderFlow charts was a sharp responsive seller at 10525 and responsive buying at 10460 which would be an early hint that the Nifty could chop in a 100 point range early next week.
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 OTD
- The day type was a Neutral day
- Largest volume was traded at 10485 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 10495 with volumes of 87.7 L in a session which traded a High-Low range of 10527-10456 for 70 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 10507-10485-10478 for tomorrow
- Support is at 10466 in tomorrow’s session with resistance at 10514
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: Above 10514 longs for 10538
**Bearish Hypo: Below 10440 shorts for 10410
** Neutral Range: 10450-10490
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 OTD
- The Day type was a Neutral day
- Vwap of the day was at 25242 with Volumes of 40.7 L and a High – Low of 25394-25075 for a range of 320 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 25382-25270-25190 for the session next.
- The support is at 25113 for the next session with resistance at 25325
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: above 25325 for 25438
**Bearish Hypo: Below 25090 for 25000
** 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