16th Dec 2019

@9.00 AM

NF Closed at highs @ 12151.3

 NF VAs
VAH - 12144
POC - 12131
VAL - 12100

Hypo - 1 - If price opens above YVAH, it might come inside YVA take support at the PoC and drive up to test previous ATH at 12196.05 (as on 28th Nov).

Hypo - 2 - If price opens inside YVA, it might do some balancing moves for a while and later it might break higher to test ATH or break down to test 12090 / 12080 levels.

Hypo - 3 - If price opens below YVAL, if price breaks 12090 zone (strong support), it might drive down to test 12080 / 12060 levels.

Side Notes:
1) Price closed at highs, potential COD up.
2) Vix Closed at 13.3. Vix is either flat or falling in the past two week
3) 13th Dec was kind of trend day after E period. It was also a perfect OTD up day.
4) ATH for NF is at 12196.05 (as on 28th Nov 2019)

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