Evening Report dated 09th Feb ’18

Posted on Posted in Blog

The Nifty futures gapped down yet again from Thursday’s close and opened at the POC of the profile dated 6th Feb from where strong responsive buying emerged to push the Nifty higher into the close. However, the upmove above 10440 looked sluggish and the auction now is clearly balancing after the big down move stretching a week and a half.

To understand the short-term nature of the auction see our weekly Market profile report – https://vtrender.com/weekly-hypos-week-dated-12th-feb-16th-feb-spot-prices/

Nifty FEB F:

nf_compo1

 

 

  • The NF Open was an ORR
  • The day type was a Normal Variation day
  • Largest volume was traded at 10414 today
  • There are 2 distinct distributions visible between 10300- 10430 and 10450 to 10610.
  • The vwap of 06/02 at 10410 is the support for the short term auction
  • Vwap of the session was at 10440 with volumes of 159.2  L in a session which traded a High-Low range of 10495-10375 for 120 points.
  • The settlement day rollover volume point is at 11085 F and is the bias point for the sessions ahead. The Nifty is now weak below it.
  • The vwap of the Jan series is at 10721 spot. The POC is at 10612.
  • Value areas are at 10484-10414-10399– for the next session.
  • Support is placed at 10430  in tomorrow’s session with resistance at 10510

 

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

 

  • **Bullish Hypo: Above 10510 longs for 10552
  • **Bearish Hypo: Below 10430 shorts for 10388
  • ** Neutral Range: 10510-10430

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

 

BNF FEB F:

 

bnf_compo1

 

  • The BNF Open was an OAOR
  • The Day type was a Normal Variation day
  • Vwap of the day was at 25513 with Volumes of 40.9 L and a High – Low of 25650-25356 for a range of 294 points.
  • The vwap of Jan  series  is at 26223 spot with POC of 25560
  • The vwap of 06/02 at 25545 is the support for the short term auction
  • 26100- 25600 is the upper distribution and 25400- 25000 is the lower one
  • The Value areas are at 25560-25490-25440 for the session next.
  • The support is at 25410 for the next session with resistance at 25611

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

 

  • **Bullish Hypo: above 26610 for 25713
  • **Bearish Hypo: Below 25416 for 25313
  • ** Neutral Range: 25620-25420

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.