Evening MarketProfile Report dated 16th May

The nifty gapped down at the open today and the responsive buying which was expected showed up at the end of the first hour to take the Nifty Futures to 10813 by 1 pm. But just around the prices of the last hour of trade in the Nifty, we saw a sharp responsive seller emerge who managed to push the index lower to 10740 again.  Whilst yesterday was a pure long liquidation play on the inability of morning longs to hold the vwap of a Drive, the sharp responsive seller of today at 10805 F marks a turn in the nature of the auction we have seen in the series so far. The Banknifty also has reacted from the sell side profile of 2/2 where the big seller had appeared in Feb. On the whole, the presence of the strong responsive seller points to an auction losing momentum on the upside and we could be headed to a big balance between 10600- 10950 now.

The short-term weekly outlook for the Nifty and the plan we intend to follow is at  –https://vtrender.com/weekly-outlook-for-week-dated-14th-may-to-18th-may-spot-prices/

Nifty May F:

 

Nf Compo1 18 Evening Marketprofile Report Dated 16Th May Auction Market Theory, Marketprofile, Value Area

 

 

  • The NF Open was an Open drive lower
  • The day type was a Normal Variation  day
  • Largest volume was traded at 10770 F today
  • Vwap of the session was at 10761 with volumes of 96.5 L in a session which traded a High-Low range of  10814-10721  for 93 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 10784-10770-10740  for tomorrow
  • Support is at 10730 in tomorrow’s session with resistance at 10795

 

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

 

**Bullish Hypo: Above 10795 longs for 10825

**Bearish Hypo: Below 10730 shorts for 10702

** Neutral Range: 10760-10790

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:

 

Bnf Compo1 17 Evening Marketprofile Report Dated 16Th May Auction Market Theory, Marketprofile, Value Area

 

  • The BNF Open was an Open Drive
  • The Day type was a Normal variation day
  • Vwap of the day was at 26292 with Volumes of 43.51 L and a High – Low of  26462-26136 for a range of 325 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 26317*26218-26152 for the session next.
  • The support is at 26110 for the next session with resistance at 26335

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

 

**Bullish Hypo: above 26335  for 26440

**Bearish Hypo: Below 26110 for 25996

** Neutral Range: 26310-26130

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