20th Nov 2019

@9.00 AM

 NF VAs
VAH - 11980
POC - 11963
VAL - 11942

NF close @ 11985.8, closed at highs. Potential COD to watch.

Hypo 1 - if price opens above YVAH and drives up, it might test 12020 / 12040.

Hypo 2 - if price opens inside YVA (between 11960 - 11980), it might test YPOC (11960 - 11950) and bounce to test 12020/12040. Expect a balancing day and price slowly moving higher.

Hypo 3 - if price opens below YVAL and drives down, price might test 11900/11890. Again have to watch how price reacts here, if breaches it will test 11860.

Side Notes: 
1) 19th Nov has the smallest IB - 28.95 points compared to last 4/5 days
2) price closed above all the last 3 day's IB highs.
3) on 19th Nov, from C period price consolidated between 11940 - 11985, psychologically it is making buyers very comfortable.

4) potential COD, wait until 9.30 but high chances for price to open inside VA and later test highs. But let us see where it opens.

Still Jay not comfortable to go long until price close above Nov 15 high (above 12020)

Mercury retrograde is getting over by Nov 20 9.00 PM.

@9.07 AM

Pre - Open - 12004.75 (+ 64.65)

@9.15 AM

NF open at 11979.4

Open exactly at YVAH.

@9.20 AM

But as per the MP view, it is OTD as of now. Can't confirm until 9.45. we will try to take paper COD at 9.31 and see how we perform mechanically.

As of now low is 11972.65. can keep 11965 as SL until if this is not breached we can take COD at 9.31

@9.31 AM

 Enter @ 11989
SL - 11965
Target - 12025

 @10.00 AM

 Booked 50% @ 12024

@10.27 AM

Booked rest 50% @ 12039

Total gain is 50 points. Trade closed.

@2.29 PM

The downside move might be limited here. Price might auction more at these levels to 12060  again.

Don't go intraday short until 12000 is broken with momentum

@2.52 PM

See Jan 2020 12,000 PE - huge increase in OI to 7.48 Lakhs

Marginal increase in OI for same strike in Dec 26 contracts

So whatever happens, 12000 should break with high momentum.

@3.30 PM

NF closed @ 12014


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