Evening Report dated 22nd Jan ’18

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The Jan Pattern played out for the third time in the series as the Friday spike was followed up today forcing shorts out by the close .For the second straight session, a spike high was taken out and the market closed at it’s highest point. The 10900- 10910 zone is now a strong support for the rest of this week and dips to this point are buy opportunities. 

To understand the short-term nature of the auction see our weekly Market profile report – http://vtrender.com/weekly-hypos-week-dated-22nd-jan-25th-jan-spot-prices/

Nifty Jan F:

nf_compo1

 

 

  • The NF Open was an OAIR
  • The day type was a Normal Variation Day of the 3IB type
  • The 3IB setup would mean little progress upwards beyond the first hour tomorrow. We will be talking about this at our Pune Workshop
  • Vwap of the session was at 10919 with volumes of 104.2  L in a session which traded a High-Low range of 10982-10883 for 98 points.
  • We again saw sharp responsive buying near 10910 F today. We also see sharp responsive buying at the lows of 10774 on Thursday.
  • The vwap of the Dec series is at 10296 spot. The POC is at 10477. This was a marginal series from Nov whose vwap was 10330 and POC of 10444
  • The auction shows a large volume zone at 10540 and another volume zone at 10468. Bias is now positive above 10530 roughly
  • Value areas are at 10927-10907-10888– for the next session.
  • Support is placed at 10920  in tomorrow’s session with resistance at 10996
  • Projected range for a 100,000 contract day (+/- 15000) tomorrow is 11001-10907 extendable to 10963-11057

 

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

 

  • **Bullish Hypo: Above 10996 longs for 11030
  • **Bearish Hypo: Below 10905 shorts for 10876
  • ** Neutral Range: 10980-10960

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 Jan F:

 

bnf_compo1

 

  • The BNF Open was an OAIR
  • The Day type was a Normal Variation Day
  • Vwap of the day was at 26923 with Volumes of 22.6 L and a High – Low of 27045-26801 for a range of 243 points.
  • The vwap of Monday 15/01 at 25953 is the biggest support now into the settlement of Jan series.
  • The vwap of Dec  series  is at 25336 spot with POC of 25584
  • We have a large composite balance between 25600 to 25850 which forms the bulk of a P shaped profile with POC of 25720
  • The Value areas are at 27032-27015-26896 for the session next.
  • The support is at 26900 for the next session with resistance at 27070
  • Projected range for a 60,000 contract day (+/- 7000) tomorrow is 27180-26850 extendable to 27240-26850

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

 

  • **Bullish Hypo: above 27070 for 27154
  • **Bearish Hypo: Below 26900 for 26822
  • ** Neutral Range: 26900-27050

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.