The Nifty opened in the range of Thursday profile on the last day of the week and proceeded as an OAIR for most of the day with a prominent POC at 10336. An attempt to auction higher into the close was met with no demand and sellers showing up at the higher prices yet again. For the session dated Monday, the 10294- 10304 zone is a strong support below which is also a minor support at 10260 zone. However, if these 2 zones do not hold and find buyers the Nifty should slide down quickly to 10140 again.
Nifty APR F:
- The NF Open was an OAIR
- The day type was a Normal Variation Day
- Largest volume was traded at 10336 F today
- We closed above the FA of 10304 which is short-term bullish as long as 10304 is held.
- Vwap of the session was at 10332 with volumes of 76.8 L in a session which traded a High-Low range of 10376-10312 for 64 points.
- Vwap of the Trend up was at 10089 with volumes of 176.3 on 26/03
- The vwap of the March series is at 10277 spot and the POC is at 10356.
- The settlement day rollover volume point is at 10154 F and is the bias point for the sessions ahead.
- Value areas are at 10344-10336-10325 for the next session.
- Support is placed at 10320 in tomorrow’s session with resistance at 10362
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: Above 10362 longs for 10386
**Bearish Hypo: Below 10293 shorts for 10268
** Neutral Range: 10330-10360
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 APR F:
- The BNF Open was an OAIR
- The Day type was a Normal Variation Day
- Vwap of the day was at 24810 with Volumes of 34.9 L and a High – Low of 24974-24675 for a range of 298 points.
- Vwap of the Trend day was at 24046 with Volumes of 42.4 L on 26/03
- The vwap of Mar series is at 24592 spot with POC of 24860
- The settlement day rollover volume point is at 24350 F and is the bias point for the sessions ahead.
- The Value areas are at 24875-24830-24732 for the session next.
- The support is at 24806 for the next session with resistance at 25006
Hypos for the next session: (Prices are Apr F)
**Bullish Hypo: above 25009 for 25110
**Bearish Hypo: Below 24806 for 24703
** Neutral Range: 24940-24850
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