13th Jan 2020

@ 9.00 AM

NF Closed at 12293.5. Clean Auction day. not a pure OTD, tested 9th Jan Volume POC and then cleared 2nd Jan weak high. IBH and IBL broke, ended on a Neutral day.

NF VAs
VAH - 12326
POC - 12296
VAL - 12272

Hypo - 1 - If price opens below YVAL, it might drive down to test 12220 zone, if price breaks that zone with momentum (single prints), it might test 12110 zone.

Hypo - 2 - If price opens inside YVA, between YVAH and YPOC, it might drive up to test Y high and later drive down to test 12230 / 12220 zone. If price opens between YPOC and YVAL, it might drive down to test the single prints and later if price accepts the 12210 zone, it might drive down more to test 12110.

Hypo - 3 - If price opens above YVAH, price might drive up to test Y high and if price able to break 12350 zone with momentum, it might test 12400 / 12420 levels.


Side Notes:
1) At 'F' Period, Price touched new ATH @ 12357. But could not sustain. E, G H tried to break the 12350 zone, but failed to do.
2) 'K' and 'L' period broke the IBL for a brief period but went back inside the VA. closed below POC just above Volume POC.
3) The single prints of 9th Jan between 12210 to 12220 yet to be tested. Have to closely watch how prices auctions at this zone.
4) ViX was negative to flat. Closed marginally up at 14.08 (+0.57%)

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