11th Nov 2019

11th Nov 2019

Value Areas of Nifty Future,

VAH (Value Area High) - 12,021
POC (Point of Control) - 11,990
VAL (Value Area Low) - 11,970

Hypo 1 - If Market Gaps down below YVAL (11970), Continuation Open Drive(CoD) Down might take place since markets closed at days low on 8th Nov 2019. It might test the second probe zone 11860 / 11840.

Hypo 2 - If Market opens inside VA, expect balanced moves (Open Auction).  Chances for open rejection reverse at the YPOC and drive down. 

Hypo 3 - If Market gaps up above YVAH (12021), it might test 8th Nov High again (12070 / 12080)

@9.07 AM - Pre-Open Nifty Spot @ 11879 (-29)

@9.15 AM - Nifty Future open below YVAL @ 11,908 . COD expected.

@9.30 AM - Nifty spot we above day's high, Nifty Future followed and went above day's high. Open Drive / Open Test Drive failed today. No Paper Trades.

@10.15 AM - Open type was Open Rejection Reverse. Looks like Open Auction Outside Range. Might be a Range bound day. No Trades on nifty Today.

@11.00 AM - Any Rise towards 12000 before testing probe zone 11850 will be use to add swing shorts. Trade location on the upside is 12000 and on the downside is 11850. VIX almost 5% up.




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