We got an inside day in the Nifty on low range and volume participation today. The volume was only 56.3L one of the lowest in the series and the range of 35 points told us that the longer time frame or OTF as we call them was missing. The BankNifty balanced lower today and even that profile was Gaussian. Our anticipation would be a trend day coming from these profiles. An exit of value and range is the next low-risk high reward trade.
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 Open auction ( OAIR)
- The day type was a Normal day
- Largest volume was traded at 10569 F today
- Vwap of the session was at 10565 with volumes of 56.3 L in a session which traded a High-Low range of 110586-10550 for 35 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 10578-10569-10563 for tomorrow
- Support is at 10550 in tomorrow’s session with resistance at 10602
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: Above 10602 longs for 10636
**Bearish Hypo: Below 10550 shorts for 10520
** Neutral Range: 10550-10578
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 25128 with Volumes of 29.5 L and a High – Low of 24199-25041 for a range of 158 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 25150-25130-25110 for the session next.
- The support is at 25090 for the next session with resistance at 25200
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: above 25200 for 25255
**Bearish Hypo: Below 25040 for 24934
** Neutral Range: 25110-25190
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