Coming into the session, we knew of Buyers in the 10490- 10500 F zone who would support any move lower. The Plan played out perfectly and the dip of 50 points was bought into and the Nifty closes near the highs of the session in the upper quadrant. We are watching the volume action around 10555-10580 and the Nifty can attempt that 10599 F region tomorrow. From a larger swing view for the series closing next Thursday, bulls are very nicely placed to take this to 10728 F by next Thursday. We are at 10550 F with the value placed higher and 10728F is the destination for the series. The view needs a redress if 10425F is broken again.
The short-term weekly outlook for the Nifty and the plan we intend to follow is at – https://vtrender.com/weekly-hypos-for-the-week-dated-16th-april-to-20th-april/
Nifty APR F:
- The NF Open was an OAIR
- The day type was a Normal variation day
- Largest volume was traded at 10550 F today
- Vwap of the session was at 10538 with volumes of 73.1 L in a session which traded a High-Low range of 10568-10501 for 66 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 10555-10550-10521 for tomorrow
- Support is at 10529 in tomorrow’s session with resistance at 10573
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: Above 10574 longs for 10597
**Bearish Hypo: Below 10530 shorts for 10505
** Neutral Range: 10540-10568
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 Open auction
- The Day type was a Normal Variation day
- Vwap of the day was at 25315 with Volumes of 30.6 L and a High – Low of 25422-25210 for a range of 212 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 25358-25330-25275 for the session next.
- The support is at 25233 for the next session with resistance at 25410
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: above 25415 for 25478
**Bearish Hypo: Below 25190 for 25066
** Neutral Range: 25400-25240
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