31st Jan 2020

@9.00 AM

NF Closed at 12036.8

NF FEB CONTRACT VAs
VAH - 12089
POC - 12060
VAL - 12044

BNF FEB CONTRACT VAs
VAH - 30775
POC - 30715
VAL - 30665

Hypo -1 - If price opens inside YVA, between YVAH and YPOC, it might take support at YPOC (12060) and bounce up to test 12130 / 12140 zone.

Hypo - 2 - If price opens below YVAL, it might drive hit 12060 and then down to test 11990 / 11980 zone. VPOC at 11986.5 (11th Dec 2019 - FEB contract).

Hypo - 3 - If price opens above YVAH, it might drive down initially and take support at 12060 and then drive up to test 12130 / 12140 zone.

Side Notes:
1) OTD happened yesterday was perfect and people traded would have made easy 50 points.
2) ViX was negative to flat initially but later it started increasing to 1-2%. Closed @ 16.8
3) Reliance is damn weak, closed at lows. it might pull nifty down. Hdfcbank and kotakbank are weak. Axis and ICICI are at the border of weakness. 
4) FEB Contract Weekly VPOC is at 12000, which might act as support in short term, any break will make price to drive down to 11910 levels.

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