10th Feb 2020

@ 9.00 AM

NF Closed at 12082.8. Pure OAIR. PPOC at 12099.

NF VAs
VAH - 12108
POC - 12099
VAL - 12081

BNF VAs
VAH - 31270
POC - 31235
VAL - 31160

Hypo - 1 - If price opens below YVAL, it might drive down to test the singles between 12060 and 12030. If price not able to hold at the singles, it might test the 12000 zone.

Hypo - 2 - If price opens inside YVA, it might swing between YPOC and YVAL, if it breaks YVAL, it might test 12030 / 12000 zone. if it breaks YVAH upside, it might test Y high (12130 / 12140 levels).

Hypo 3 - If price opens above YVAH, it might test YPOC and then drive up to test 12130 / 12150 zones.

Side Notes:
1) Volumes traded was less compared to last 4 days. ViX was  flat to positive. Closed flat at 13.75
2) Need ViX to increase for bigger down move. Price might test the singles till 12030 formed on 5th Feb, Only if price breaks with momentum it might test 12000 zone.
3) PPOC at 12099. We will have to watch closely how price reacts at this level.

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