02nd Jan 2020

@ 9.00 AM

NF Closed at 12251.9

NF VAs
VAH - 12249
POC - 12240
VAL - 12233

Hypo - 1 - If price opens below YVAL, it might drive down to test 12200 / 12180 zone.

Hypo - 2 - If Price opens inside YVA, it might test YPOC and might test 31st Dec POC, balancing moves and then it might drive down to test 12190 zone.

Hypo - 3 - If price above YVAH, it might test 12275 zone and drive down inside YVA, do some balancing moves and later it might drive down to test 12190 zone.

Side Notes:
1) Price closed below IBH and YIBL. VAs shifted below 27th Dec single prints. If Volume creeps in, price might crack faster to test 17th Dec single prints zone (12190 - 12145 in JAN Contract or 12150 - 12100 in continuous contract). 17th Dec was a perfect P shape profile and that is where price started driving up.
2) ViX was flat the whole day. closed @ 11.6
3) IBL was broken by almost all the periods.
3) Weekly expiry day, trade with small qty.




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