20th Dec 2019

@ 9.00 AM

NF closed at 12269.

NF VAs
VAH - 12276
POC - 12259
VAL - 12240

Hypo - 1 - If price opens above YVAH, it might drive down take support at Y VPOC (12260) zone and then drive up to test some higher levels like 12300 / 12320.

Hypo - 2 - If price opens inside YVA, it might balance for sometime and later if is breaks 12240, it might test 12200 / 12180 levels. If price breaks 12270, it might test 12300 levels.

Hypo - 3 - If price opens below YVAL, it might drive down to test 12200 / 12190 zone and if momentum creeps in, it might test 12120 / 12100 levels.

Side Notes:
1) Closed at highs, potential COD.
2) Smallest IB formed after a long time - 21.3 Points
3) Yesterday up-move was not participated by Banks and Reliance made the Nifty to move up, which means we have to be more wary on longs moving forward.
4) ViX was trading 1-2% down. closed @ 12.12
5) Periods H, I, J, K, L was unable to cross 12270, periods G and M tried to cross the level but unable to close above it (12270). 

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