29th Nov 2019

@9.00 AM

N.Spot VAs

 VAH - 12138
POC - 12125
VAL - 12114


Hypo 1 - if N.spot price opens above YVAH, price might drive up to test 12180/12200.

Hypo 2 - if N.spot price opens inside YVA, first half might be balancing moves second half if price breaks 12140, it might test 12180 / 12200

Hypo 3 - if price opens below YVAL, price might test 12080 and if momentum comes in it might test 12040 zone

Side Notes :

 1) Rupee lost its strength yesterday
2) Today where price opens is important
3) ViX movement is also very important today
4) Today evening GDP numbers for Q2 will be released
5) All prices are Nifty spot prices due to new month open

@9.08 AM

Pre - Open - 12146(-4.95)

@9.15 AM

Open above VAH but went inside Y VA and now tested YVAL

Taking support at Y VAL

ViX @ 13.55 (3% down)

If 12100 breaks with momentum, it might test 12060

But in parallel Vix should also spike up

Yesterday IBL was very strong. So 12100 has to be broken with momentum. Do not short until then. I am not comfortable in shorting now at all.

Seems like it is taking support around YVAL.

@10.00 AM

12100 Spot is broken in N.Spot.

I am convinced to short now

During low Vix - Volume POCs have weightage. During high Vix - price POCs have weightage

First time after long days, Nifty breached previous day's low.

@3.30 PM

price broke 12060 and 12040 region. low is 12017.40 (N.Spot price).

Price closed at 12056.


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