07th Jan 2020

@ 9.00 AM

NF Closed at 12040

NF VAs
VAH - 12120
POC - 12074
VAL - 12026

Hypo - 1 - If price opens below YVAL, it might drive down to test 12000 / 11900 zones

Hypo - 2 - If price opens inside YVA, between YVAH and YPOC, it might balance for a while and can bounce upside to test 12180 / 12200 levels, if price opens between YPOC and YVAL, it might balance for a while and break downside to test 12000 / 11980 zone

Hypo - 3 - If price opens above YVAH, it might drive up to test 12180 / 12200 zone.

Side Notes:
1) Wide IB was formed - 126.5 Points.
2) ViX shot up to 18% - closed at 14.78
3) Big sell tail is formed between 12220 and 12140. Small single prints between 12090 and 12080
4) Huge volumes started coming in, the Nifty trading range will be expanding slowly.

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