9th Jan 2020

@ 9.00 AM

NF Closed at 12065.35

NF VAs
VAH - 12072
POC - 12036
VAL - 12024

Hypo - 1 - If price opens above YVAH, it might drive up to test 12130 / 12160 levels.

Hypo - 2 - If price opens inside YVA, it might balance for a while, take support around YPPoC then bounce to test 12160 zone.

Hypo - 3 - If price opens below YVAL, it might drive down to test 11900 levels.

Side Notes:
1) 8th Jan profile was a perfect normal day, wide IB range and price balanced inside the IB range.
2) ViX shot up to 10%, closed at 15.64. Volatility and Volume is here, expect big NF trading range.
3) Yesterday NF was supported by BNF, but reliance is weak.
4) The price that might recover today will be a pullback rally. Overall trend is bearish.
5) Yesterday, Price could not cross the DD balance of 6th Jan 2020.

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