14th Nov 2019

@9.00 AM

NF VAs
VAH - 11941
VAL - 11910
POC - 11922

 1) Pros, Big fund managers will not enter large quantities in a single day. They will accumulate in many days

2) Trade location plays an important role for the risk reward objective and swing trades

3) Expiry days - 90% of the time our views will not happen

Hypo - 1 - If price opens below YVAL (11910), it will drive down to test 11840. if price breaches 11840 with momentum, price might test 11800.

Hypo - 2 - if price opens inside YVA,  balance moves. Later in the day it might scale higher to test 12000 or it might crack and test 11840.

Hypo - 3 - if price opens above YVAH, it will drive higher to reach 12000.

@9.15 AM

 COD in formation. But there are some context to note.
1) expiry day

2) 30th Oct POC is very near

@9.31 AM
Paper Trade

 Enter - 11840
SL - 11890

Target - 11780

 @10.00 AM

Yesterday - the POC and volume POC are far apart, we need to see following day auction. If market closes at lows again today. It means the volume poc is a short.


See for 10.15 - B period ending. If price doesn't move. Scale out 50% and hold rest for SL or target

@10.15 AM

 Covered 50% @ 11843

@10.37 AM

 B period high - 11853. 11855 can also be kept as SL moving forward

@10.45 AM

 Covered 50% @ 11855

Total 18 points.




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