The nifty dipped today as we had expected and mentioned in our daily report yesterday but the dip saw a strong responsive buyer show up who promptly pushed the index back to the day center in a neutral center day. Neutral day rules play out tomorrow as the auction was matched almost equally by sellers initially and then buyers.
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-30th-april-to-4th-may/
Nifty May F:
- The NF Open was an Open auction
- The day type was a Neutral day
- Largest volume was traded at 10689 F today
- Vwap of the session was at 10700 with volumes of 73.6 L in a session which traded a High-Low range of 10738-10605 for 72 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 10709-10689-10676 for tomorrow
- Support is at 10680 in tomorrow’s session with resistance at 10735
Hypos for the next session: (Prices are May F)
**Bullish Hypo: Above 10735 longs for 10755
**Bearish Hypo: Below 10680 shorts for 10656
** Neutral Range: 10730-10696
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 Open auction
- The Day type was a Normal Variation day
- Vwap of the day was at 25635 with Volumes of 27.9 L and a High – Low of 25754-25524 for a range of 230 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 25747-25705-25585 for the session next.
- The support is at 25630 for the next session with resistance at 25787
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: above 25787 for 25867
**Bearish Hypo: Below 25640 for 25555
** Neutral Range: 25770-25670
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