Evening Report dated 12th Feb ’18

Posted on Posted in Blog

The Nifty futures gapped yet again but this was a smaller gap up which filled quickly in the first hour and the Nifty moved higher from that point. We are seeing a sideways range develop in the Nifty and the BankNifty and most of the coming week should be spent in this range.

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 OAOR
  • The day type was a Normal Variation day
  • Largest volume was traded at 10514 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 10517 with volumes of 100.5  L in a session which traded a High-Low range of 10559-10482 for 77 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 10532-10514-10503– for the next session.
  • Support is placed at 10517  in tomorrow’s session with resistance at 10570

 

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

 

  • **Bullish Hypo: Above 10570 longs for 10595
  • **Bearish Hypo: Below 10510 shorts for 10490
  • ** Neutral Range: 10510-10540

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 Open auction
  • The Day type was a Normal Variation day
  • Vwap of the day was at 25644  with Volumes of 24.7 L and a High – Low of 25759-25530 for a range of 229 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 25732-25700-25625 for the session next.
  • The support is at 25630 for the next session with resistance at 25780

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

 

  • **Bullish Hypo: above 26780 for 25860
  • **Bearish Hypo: Below 25630 for 25550
  • ** Neutral Range: 25620-25720

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.