We saw one more time today, what we have been witness to all of the series of April. A move lower was quickly bottled up by Buyers as the responsive activity once again flustered bears and the Nifty closed near session highs. With 2 days left for settlement what is visible clearly is the seller not doing a job in the auction process and unless the Buyer decides to go for a period of sustained long liquidation this series should finish near the highs and preferably near 10700- 10730F.
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 OAIR
- The day type was a Neutral day
- Largest volume was traded at 10589 F today
- Vwap of the session was at 10596 with volumes of 98.7 L in a session which traded a High-Low range of 10635-10568 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 10605-10589-10576 for tomorrow
- Support is at 10570 in tomorrow’s session with resistance at 10640
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: Above 10640 longs for 10663
**Bearish Hypo: Below 10570 shorts for 10522
** Neutral Range: 10570-10598
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 OAIR
- The Day type was a Normal day
- Vwap of the day was at 24998 with Volumes of 27.7 L and a High – Low of 25085-24904 for a range of 181 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 25055-25013-24985 for the session next.
- The support is at 24935 for the next session with resistance at 25070
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: above 25070 for 25135
**Bearish Hypo: Below 24950 for 24890
** Neutral Range: 24990-25050
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