Month: April 2018

We auctioned above the spike highs early at the open in an Open test drive which converted to a P shaped Profile at the close. Quite clearly the late sellers of yesterday were caught off guard and the Nifty and the BankNifty closed at session highs. A P shaped profile has a reference area around the POC which at 10723 and 25420 would be the actionable point for the auction tomorrow.

The short-term weekly outlook for the Nifty and the plan we intend to follow is at – https://vtrender.com/weekly-outlook-for-the-week-dated-23rd-april-to-27th-april/

Nifty May F:

 

 

 

  • The NF Open was an OTD
  • The day type was a Normal day
  • Largest volume was traded at 10723 F today
  • Vwap of the session was at 10711 with volumes of 82.1 L in a session which traded a High-Low range of 10744-10640 for 104 points.
  • The vwap of the April series is at 10419 spot and the POC is at 10556.
  • The settlement day rollover volume point is at 10632 F and 10603 F and is the bias point for the sessions ahead.
  • Value areas are at 10729-10723-10708 for tomorrow
  • Support is at 10688 in tomorrow’s session with resistance at 10758

 

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

 

**Bullish Hypo: Above 10758 longs for 10794

**Bearish Hypo: Below 10688 shorts for 10652

** Neutral Range: 10690-10726

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 May F:

 

 

  • The BNF Open was an OTD
  • The Day type was a Normal Variation  day
  • Vwap of the day was at 25311 with Volumes of 36.4 L and a High – Low of 25477- 25035 for a range of 442 points.
  • The vwap of Apr series is at 25010 spot with POC of 25050
  • The settlement day rollover volume point is at 25035 F and is the bias point for the sessions ahead.
  • The Value areas are at 25468-25420-25311 for the session next.
  • The support is at 25320 for the next session with resistance at 25615

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

 

**Bullish Hypo: above 25615 for 25770

**Bearish Hypo: Below 25320 for 25200

** Neutral Range: 25370-25470

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

Evening MarketProfile report dated 27th April 2018