An auction which rose higher and hit 10623 was met with responsive selling and gave up most of the gains by the close. Our stated objective of the move was for the auction to do 10727 F by this settlement but the resistance building up, has forced us to clear our long positions near 10610F earlier today. Whilst we still believe that there are 100 points left on the table, but with settlement around in 3 days, we want to be chasing that last 100 points above 10630 F preferably with a new long position and a small stop of 15 or 20 points rather than risk all the gains at these levels. The 10540 – 520 zone should support on any dip lower again.
The short-term weekly outlook for the Nifty and the plan we intend to follow is at – https://vtrender.com/weekly-outlook-for-the-week-dated-23rd-april-to-27th-april/
Nifty APR F:
- The NF Open was an Open Rejection
- The day type was a Normal Variation day
- Largest volume was traded at 10585 F today
- Vwap of the session was at 10591 with volumes of 93.3 L in a session which traded a High-Low range of 10623-10551 for 72 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 10613-10585-10574 for tomorrow
- Support is at 10560 in tomorrow’s session with resistance at 10610
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: Above 10609 longs for 10634
**Bearish Hypo: Below 10540 shorts for 10502
** 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 day
- Vwap of the day was at 24960 with Volumes of 28.7 L and a High – Low of 25148-24811 for a range of 336 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 25027-25000-24900 for the session next.
- The support is at 24835 for the next session with resistance at 25060
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: above 25060 for 25175
**Bearish Hypo: Below 24820 for 24710
** Neutral Range: 24890-25030
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