16th Jan 2020

@9.00 AM

NF Closed at 12373.8

NF VAs
VAH - 12356
POC - 12338
VAL - 12326

Hypo - 1 - If price opens above YVAH, it might drive up to test 12410 / 12420 zone

Hypo - 2 - If price opens inside YVA, it might balance for a while, later any break of VAH or VAL with momentum will lead to 12400 zone or 12300 zone respectively

Hypo - 3 - If price opens below YVAL, it might drive down to test 12300 / 12240 zone.

Side Note:
1) 15th Jan was a neutral day. price broke IBH but could not sustain, closed below IBH but above Jan 14th VAH. VAs did shift little lower below the PPOCs
2) Today's opening is important to see the trend.
3) ViX was marginally up by 2%, but closed flat at 14.12

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