Evening Report dated 09th April

The Nifty opened near the POC of Friday profile and quickly moved higher to 10414 where we saw responsive selling coming back. The day was a Normal day in a P shaped profile which showed a round of early short covering in the market. The BankNifty was also a P and value migrated higher one more day. Swing-wise both the Nifty and the BankNifty are posied near important pivots where a churn in inventory positions can be expected. 

 

The short-term weekly outlook for the Nifty and the plan we intend to follow is at – https://vtrender.com/weekly-hypos-week-dated-9th-april-to-13th-april-spot-prices/

Nifty APR F:

 

Nf Compo1 5 Evening Report Dated 09Th April Auction Market Theory, Marketprofile, Nifty, Orderflow

 

 

  • The NF Open was an OD on low volumes
  • The day type was a Normal Day
  • Largest volume was traded at 10393 F today
  • We closed above the FA of 10304 which is short-term bullish as long as 10304 is held.
  • Vwap of the session was at 10393 with volumes of 77.8 L in a session which traded a High-Low range of 10414-10347  for 67 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 10404-10393-10390 for the next session.
  • Support is placed at 10370 in tomorrow’s session with resistance at 10416

 

Hypos for the next session: (Prices are Apr F)

 

**Bullish Hypo: Above 10416 longs for 10439

**Bearish Hypo: Below 10370 shorts for 10347

** Neutral Range: 10380-10410

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:

Bnf Compo1 5 Evening Report Dated 09Th April Auction Market Theory, Marketprofile, Nifty, Orderflow

 

  • The BNF Open was an OD
  • The Day type was a Normal Variation Day
  • Vwap of the day was at 25056 with Volumes of 34.9 L and a High – Low of 25164-24860 for a range of 304 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 25100-25045-25017 for the session next.
  • The support is at 24990 for the next session with resistance at 25192

Hypos for the next session: (Prices are Apr F)

 

**Bullish Hypo: above 25192 for 25298

**Bearish Hypo: Below 24990 for 24884

** Neutral Range: 24990-25080

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