17th Jan 2020

@9.00 AM

NF closed at 12370

NF VAs
VAH - 12385
POC - 12374
VAL - 12356

Hypo - 1 - If price opens inside YVA, it might do some balancing moves between 12380 and 12350, either side break with momentum will test 12450 / 12300 respectively.

Hypo - 2 - If price opens above YVAH, it might drive up to test Jan 14th High 12420 / 12450 zone.

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

Side Notes:
1) NF is holding strong but BNF is weak, Federal and Kotak is comparatively strong but other stocks are not supporting. Any down move will take NF with it.
2) ViX was flat and closed at 14.12. Volumes are comparatively less.
3) The K singles from 14th Jan were accepted by the price but could not close above it.
4) IBL was broken briefly but still the VAs are formed above 15th Jan VAs
5) Confusing and consolidating auctions for the past 4 days, NF did touch new ATH but not able to sustain the levels. Any break of IBL or VAL will lead NF to fall damn very fast
6) Heavy weights results today are RELIANCE, HCLTECH, L&TFH and TCS. This will enable NF to decide on direction.

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