The Nifty opened gap up and drove from the open in a Normal Variation setup. The auction spent time initially in the upper distribution of yesterday’s profile which had aggressive sellers and neutralized them before closing at the highs. Up overhead is the last of the supply at 10380- 10415 from March and if that is overcome then April would be a bullish month headed higher to 10550/ 10630. For now, immediate support remains at 10320F
Nifty APR F:
- The NF Open was an OAIR
- The day type was a Normal Variation Day
- Largest volume was traded at 10310F today
- We closed above the FA of 10304 which is bullish for now.
- Vwap of the session was at 10305 with volumes of 120.8 L in a session which traded a High-Low range of 10359-10253 for 106 points.
- Vwap of the Trend up was at 10089 with volumes of 176.3 on 26/03
- 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 10320-10308-10280 for the next session.
- Support is placed at 10320 in tomorrow’s session with resistance at 10392
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: Above 10392 longs for 10430
**Bearish Hypo: Below 10320 shorts for 10285
** Neutral Range: 10330-10370
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.
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BNF APR F:
- The BNF Open was an OAIR
- The Day type was a Normal Variation Day
- Vwap of the day was at 24590 with Volumes of 48.7 L and a High – Low of 24878-24410 for a range of 468 points.
- Vwap of the Trend day was at 24046 with Volumes of 42.4 L on 26/03
- 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 24635-24480-24450 for the session next.
- The support is at 24686 for the next session with resistance at 24998
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: above 24999 for 25160
**Bearish Hypo: Below 24686 for 24524
** Neutral Range: 24740-24850
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.