26th Nov 2019

@9.00 AM

NF closed @ 12102.75

NF VAs

VAH -  12075
POC -  12022
VAL -  11961

Hypo - 1 - If Price opens above YVAH, price might drive up to test 12120. potential COD.

Hypo - 2 - If price opens within YVA, between 12075 and 12040, it might test Y Volume POC and drive higher to test 12100 / 12130.

Hypo - 3 - If price opens below YPOC (within YVA), expect balanced moves. price might move between 11980 and 12040.

Side Notes:

 1) From C period till close, lows were never breached. perfect trend day. closed at highs. Potential COD
2) ATH of NF is 12118 (as on 3rd June 2019), high probability for NF to breach last ATH and form a new ATH.
3) Lot of Single prints formed on 25th Nov (E, I periods)
4) Large range after many days (R- 189.4 Points) and IB - 74.8 Points
5) 21st Nov price dent at L (11980) has been repaired.
6) 12075 zone was taken out after lot of price struggle and closed above it.
7) No Bearish Hypos, since price is unlikely to gap down below 11960 unless we have some huge bad news. open might be flat or a gap-up
8) ViX was below 15 but in the afternoon it shot up 2%, but it closed flat by EOD. now ViX exactly at 15

@9.07 AM

Pre - Open - 12110.2 (+36.45)

@9.15 AM

Open @ 12121. above VAH. New ATH achieved.

As of now low is 12108. let see how it moves from here till 9.30

ViX below 15.

@9.31

Enter @ 12118
SL - 12105
Target 1 - 12140
Target 2 - 12150

Enter 12100 CE 28th Nov 2019 @ 67 SL 58

 @9.50 AM

Price might spike up after 10 AM. Let's see, if move not happening, i will scale out 50%

@10.13 AM

SL Taken for both FUT and Option Trade.

Total 13 point loss in FUT and 9 point loss in options.

Summary: today zone we knew we are heading to uncharted territory where there are no pocs and after 9.45am if there is momentum in price, better to exit 50% and hold only half qty. Now price is scaling lower. Have to watch how price reacts at YVAH.

Close to YVAH, have to see how price reacts. 12040 might be tested soon. New ATH at 12137.6

@10.50 AM

The trade should have reached the target, due to news and floor test on the way, buyers are cautious. So expect price to test YVPOC. Price tested YVAH (12075).

 @3.07 PM

Test YPOC and low @ 12017





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