27th Nov 2019

@ 9.00 AM

NF close @ 12098

NF VAs

 VAH - 12116
POC - 12087
VAL - 12070

Hypo - 1 - If price opens below YVAL, price might drive down. if price breaks 12020 - 12000 range with momentum, price might test 22nd Nov POC 11910

Hypo - 2 - If price opens inside YVA, between YVAH and POC, price might do balancing moves for a while and if it breaks YVAH, it might test 12130/12140. and if price opens between 12080 and 12070, price might test POC (as resistance) and might drive down to test 12020 / 12000

Hypo -3 - If price opens above YVAH, it might test Yhigh and if it breaches Y high, might test higher levels and form new ATH.

Side Notes:

1) Even though 25th VAH is broken, price still closed above the YVAH and IBL.
2) Single prints between 12020 - 12000 has to be broken for more downside or to test 22nd Nov POC 11910
3) Today's price opening is important.

@9.07 AM

 Pre-Open @ 12068.5 (+30.8)

@9.15 AM

open inside YVA - open @ 12098.55

Hypo 2 in process

As of now price bounced right of Y volume POC, OTD in formation but inside YVA.

am going to try this OTD in paper if A period closes above YVAH.

@9.46 AM

Enter @ 12109
SL - 12085
Target 1 - 12140
Target 2 - 12150

@10.18 AM

Booked 50% @ 12118

B period low @ 12099

Taken 50% SL in 12099.

Closed at break even.

Most of the people would have entered shorts now. Do not short, this zone is not to short unless YPOC is broken with momentum.

@11.55 AM

YPOC tested and bounced. Low 12085

@2.57 PM

 Range bound, still not able to breach 12070 with momentum. I also see huge OIs at 12000PE for different expiry. So it will take more time and more auctioning for price to crack. It is better environment for option sellers now.

@3.30 PM

Hypo 2 first part played well, it breached POC but not with momentum. Took support around YVAL and closed at highs. Neutral extreme day. Tomorrow will be interesting because of weekly and monthly expiry. Even if COD occurs, have to play with small Qtys. We might be heading to some more to uncharted territories.

Everyday ViX is falling atleast 1%. 14.62


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