Evening Report Dated 10th April 2018

The Nifty opened just above the previous day’s range and had an open auction all through the day advertising opportunity. Prominent was 2 rounds of selling at 10425 but which failed to go below the POC of the previous day at 10392. In the BankNifty we saw an attempt to balance today effectively bringing an end to the one-time frame up move seen from Thursday at the Open. It was matched by signs of early responsive selling in the BankNifty which should bring a test of 24980 next. 

 

The short-term weekly outlook for the Nifty and the plan we intend to follow is at – https://vtrender.com/weekly-hypos-week-dated-9th-april-to-13th-april-spot-prices/

Nifty APR F:

 

Nf Compo1 7 Evening Report Dated 10Th April 2018 Auction Market Theory, Banknifty, Marketprofile, Nifty

 

 

  • The NF Open was an Open auction  on low volumes
  • The day type was a Normal Variation  Day
  • Largest volume was traded at 10421 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 10393 with volumes of 77.8 L in a session which traded a High-Low range of 10414-10347  for 67 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 10430-10421-10408 for the next session.
  • Support is placed at 10390 in tomorrow’s session with resistance at 10438

 

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

 

**Bullish Hypo: Above 10439 longs for 10455

**Bearish Hypo: Below 10390 shorts for 10360

** Neutral Range: 10390-10430

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:

Bnf Compo1 7 Evening Report Dated 10Th April 2018 Auction Market Theory, Banknifty, Marketprofile, Nifty

 

  • The BNF Open was an Open auction
  • The Day type was a Normal Day
  • Vwap of the day was at 25184 with Volumes of 32.9 L and a High – Low of 25258-25102 for a range of 156 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 25220-25200-25125 for the session next.
  • The support is at 25150 for the next session with resistance at 25255

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

 

**Bullish Hypo: above 25312 for 25364

**Bearish Hypo: Below 25150 for 25094

** Neutral Range: 25160-25240

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