13th Feb 2020

@ 9.00AM.

NF closed at 12226.85

NF VAs
VAH - 12224
POC - 12221
VAL - 12209

BNF VAs
VAH - 31580
POC - 31560
VAL - 31520

Hypo - 1 - if price opens inside YVA, it might take support between YPOC and YVAL and drive up to test 12270 / 12280 zone

Hypo - 2 - if price opens above YVAH, it might test YPOC and then drive up to test 12280 zone.

Hypo - 3 - If price opens below YVAL, it might drive down to test 12160 / 12140 zone.

Side Notes:
1) Today is Weekly Expiry, levels might not work exactly.
2) Buying tail formed in last two days. NF can go up near 12300, breaching that level needs huge volume and momentum for further up move.
3) price might pause and consolidate at these levels. Any spike in ViX can be used to short near 12300 levels
4) ViX was trading down 2%. Closed around 13.62
5)  yesterday NF was supported by reliance, BNF was OA and IB was small (120 pts) compared to previous profiles. If any weakness is seen in BNF, stay cautious on NF longs.

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