06th Jan 2020

@ 9.00 AM

NF closed at 12259.9, just above POC

NF VAs
VAH - 12270
POC - 12258
VAL - 12239

Hypo - 1 - If price opens inside YVA, between YVAH and YPOC, it might test 12240 and bounce upside to test 12320 zone. if 12240 zone breaks after balancing moves, it might drive down to test 12200 zone.

Hypo - 2 - If price opens below YVAL, it might drive down to test 26th Dec PoC 12200 / 12190

Hypo - 3 - If price opens above YVAH, it might drive up to test 12327 and 12350 zone.

Side Notes:
1) Volume started to Pick up slowly, Vix Shot up to 12%. Closed at 12.7 (+10.53%)
2) If you see the chart, market has been mean reverting in a big zone from 19th Dec 2019 until 3rd Jan 2020. The zone it is trading is 12350 - 12200, except for one day (i.e. Monthly expiry - usually cant take expiry day zones into account). Any break in these zones will trigger Nifty to trend either side
3) Expectation on Monday would be balancing moves in the first half. Price opening is very important and expect moves to be faster due to increase in ViX and Volume.
4) 30th Dec high yet to be repaired and 12200 zone yet to be tested. Lets see where we head first.

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