28th Nov 2019

@9.00 AM

NF VAs

VAH - 12108
POC - 12099
VAL - 12086

NF closed at highs @ 12123.8

Hypo - 1 - If price opens above YVAH and drives up, potential COD. If price breaches 26th Nov high (12137.6), price might test some untested areas like 12200 / 12220.

Hypo - 2 - If price opens inside YVA, price might make balanced moves, might take support around 12070 / 12060 and bounce up to test Y high or 26th Nov high.

Hypo - 3 - If price opens below YVAL, price might drive down, if price breaches 12060 with momentum, it might test 12020 / 12000.

Side Note:

1) The 27th Nov VAs are within or inside of 26th Nov VAs
2) Small IB - 30.25 points
3) Price closed at highs, potential COD.
4) Today is monthly Expiry, stay in sidelines or trade in small qty. Respect Risk.
5) Range is small 50.85 pts

@9.07 AM

Pre-Open - 12132 (+31.75)

@9.15 AM

Open @ 12119.85 above VAH. price tested Y volume POC and rotating.

ViX 5% down, trading around 14.

@9.31 AM

Enter at 12104
SL - 12095
Target 1 - 12140
Target 2 - 12150

@12.10 PM

Scaled out @ 12148

40 Points gain.

Since it had an imbalance open, had some conviction it would test 26th Nov high.

@12.22 PM

Moving Forward, if Nifty does not scale higher by this expiry. It is highly unlikely for trend to continue upwards, for sometime it might do lot of balancing and slowing start to crack downward. Any move below 12060/ 12040 with momentum will give good targets. Let's see where we close.

@3.30 PM

Nifty did not scale higher as expected. but it did close at highs. made new ATH. 12160.

Potential COD for 29th Nov 2019.



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