The Nifty drive lower at the open today in an Open test Drive but the seller could not capitalize his advantage gained through the Open and surrendered the advantage to the Buyer who sung it once more to session highs at 10240. The BankNifty hit the objective at 24950 as discussed in yesterday’s posts. Heading into tomorrow’s session, we know of strong responsive Buyers below 10370 and 10390 who are overpowering selling in that zone. We are looking at the 10440- 10444 zone tomorrow as the area where the Buyer may force the remaining sellers out. If that happens the next path of least resistance is upside and the Nifty should run to 10533- 10550 next.
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:
- The NF Open was an Open test drive lower
- The day type was a Normal Day
- Largest volume was traded at 10391 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 10404 with volumes of 80.8 L in a session which traded a High-Low range of 10440-10363 for 77 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 10417-10391-10366 for the next session.
- Support is placed at 10390 in tomorrow’s session with resistance at 10444
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: Above 10452 longs for 10492
**Bearish Hypo: Below 10390 shorts for 10360
** Neutral Range: 10390-10430
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 Drive lower
- The Day type was a Normal Day
- Vwap of the day was at 25062 with Volumes of 35.5 L and a High – Low of 25209-24933 for a range of 276 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 25130-25096-25007 for the session next.
- The support is at 25000 for the next session with resistance at 25188
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: above 25188 for 25285
**Bearish Hypo: Below 25000 for 24900
** Neutral Range: 25000-25140
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
