A lower open on Friday was bought again by the Bulls as the Nifty closed in a spike at 10585 in the closing minutes. We have been witness to a strong responsive buyer operating in the 10520 F zone who is responding to any lower prices whereas an adamant seller seen at 10590F on any price probes upwards. Spike zone is 10576 to 10597 for Monday open.
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
- The day type was a neutral day
- Largest volume was traded at 10545 F today
- Vwap of the session was at 10556 with volumes of 79.8 L in a session which traded a High-Low range of 10597-10531 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 10554-10545-10535 for tomorrow
- Support is at 10540 in tomorrow’s session with resistance at 10607
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: Above 10607 longs for 10636
**Bearish Hypo: Below 10540 shorts for 10486
** 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 Rejection testing previous demand
- The Day type was a Normal Variation day
- Vwap of the day was at 24960 with Volumes of 33.5 L and a High – Low of 25111-24862 for a range of 218 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 24980-24945-24885 for the session next.
- The support is at 24920 for the next session with resistance at 25090
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: above 25090 for 25175
**Bearish Hypo: Below 24920 for 24830
** Neutral Range: 24990-25090
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