14th Feb 2020

@ 9.00 AM

NF Closed at 12163.15. OAIR.

NF VAs
VAH - 12177
POC - 12162
VAL - 12152

BNF VAs
VAH - 31370
POC - 31245
VAL - 31200

Hypo - 1 - If price opens above YVAH, it might take support at YVAH (and Y volume PoC) and drive up to test yesterday high 12200 / 12220 zone. If 12220 breaches with momentum, it might test 12280 zones.

Hypo - 2 - If price opens inside YVA, it might do some balancing moves and later either side break of YVAH or YVAL will lead to 12220 or 12100 zone respectively.

Hypo - 3 - If price open below YVAL, it might touch YPOC or YVAH and then drive down to test 12100 / 12080 zone.

Side Notes:
1) Nifty was holding and downside was limited due to Reliance and SBIN. overall BNF was super weak. But ViX was negative 2% which means the current zone is not for shorting.
2) Nifty might touch 12280 zone before any strong down move. Look how ViX reacts at these region because this is a strong resistance zone.
3) ViX was down 1.5%, closed at 13.37
4) Selling tail formed in both NF and BNF. BNF selling tail is quite long. P shape formed on 12th Feb and b shape formed on Feb 13th

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