28th Feb 2020 - MARCH Series

NF Closed at 11632.25

NF MARCH CONTRACT VAs
VAH - 11621
POC - 11579
VAL - 11565

BNF MARCH CONTRACT VAs
VAH - 30195
POC - 30100
VAL - 30030

Hypo - 1 - If price opens below YVAL, it might drive down to test 11500 / 11480 zone. BNF became weak yesterday. There are some VPOCs from Oct around 11480 / 11450 zones, these might get tested if 11500 zone breaks with momentum.

Hypo - 2 - If price opens inside YVA, it might balance between YVAH and YPOC, later if it breaks 11565 zone, it might drive down to test 11500 / 11480 levels.


Side Notes:
1) No bullish hypos, world markets are bleeding due to COVID.
2) From Continuous contract, BNF can test 29th Oct Single prints that is between 29825 - 29620. This is the zone where 30th, 31st Oct 2019 and 3rd Feb 2020 price took support. Important zone to watch for price to bounce. If price breaks this level, it can test VPOC 29180 (25th Oct 2019)
3) Any break above 11580 zone, NF Mar contract can touch 11720 / 11730 zone.
4) ViX cooled down in the last minute yesterday, was down almost 3%, closed around 17.77
5) NF lowest VPOC at 11144, from 9th Oct 2019.


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