14th Jan 2020

@ 9.00 AM

NF closed at 12363.95. Price did not break both sides of the IB. OAIR, closed at highs.

NF VAs
VAH - 12363
POC - 12354
VAL - 12342

Hypo - 1 - If NF opens above YVAH, it might drive higher to test 12400 / 12420 zone.

Hypo - 2 - If NF opens inside YVA, between YVAH and YPOC, it might take YPOC as support and drive higher to test 12400 zone. if opens between YPOC and YVAL, YVAH might act as resistance and price might drive down to test 12300 / 12235 zones.

Hypo - 3 - If price opens below YVAL, it might drive down to test 12300 / 12230 zones.

Side Notes:
1) Vix was flat and up by 2%, closed at 14.28
2) Volumes traded was comparatively less.
3) Today's opening is important for NF to drive higher. Price closed above 12350.
4) Closed at highs, potential COD.
5) Today's results - Indusindbk, Mindtree, Wipro

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