23rd Jan 2020

@9.00 AM

NF Closed at 12149. Kind of Double Distribution day. High Volume and ViX day.

NF VAs
VAH - 12181
POC - 12166
VAL - 12123

BNF VAs
VAH - 30924
POC - 30864
VAL - 30732

Hypo - 1 - If NF opens inside YVA, it might swing and do some balancing moves between YPOC and YVAL, later it might drive down to test Y low (12110) and breaking that will test 12050 / 12040 zone

Hypo - 2 - If price opens below YVAL, it might drive down to test 12040 zone.

Hypo - 3 - If price opens above YVAH, it might test Y single prints between 12205 and 12190, price might drive down into YVA, do some balancing and later it might break either side to test 12250 / 12040 zone

Side Notes:
1) Yesterday expectation was price to take support at 12200 due to the gap support, but at C period it broke and formed strong singles between 12205 and 12190. Gap is not completely filled yet. one more VPOC at 12036 (8th Jan) is pending to test
2) ViX was consistently up by 2-3% and closed at 16.36
3) BNF is weak but weird that only Kotak bank is weak, rest of the banks were flat to mildly negative.
4) RIL was flat to positive. None of big weights fell yesterday. Short should be cautious. Do not enter longs until reversal confirmation is there. 12190 zone should break with momentum.


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