3rd Feb 2020

@9.00 AM

NF Closed at 11630. NF was down by 364 points (-3% down)

NF VAs
VAH - 12021
POC - 11970
VAL - 11807

BNF VAs
VAH - 30990
POC - 30805
VAL - 30300

Hypo - 1 - If price opens inside YVA, it might take support at YVAL and drive up to test 11850 / 11890 zone (Singles between 11845 - 11885 - Need to clear with momentum for further up move)

Hypo - 2 - If price opens below YVAL, between the single prints 11660 - 11700, it might consolidate there for a while, later if it is unable to cross the level with momentum, it might test 11625 / 11600 zone.

Hypo - 3 - If price opens below YVAL around 11800 zone, it might drive up inside YVA and test the single prints and later it might drive down to test 1st Feb low (11620 zone)

Side Notes:
1) Price was driving down very fast but ViX was around -3% to -7%. Closed at 16.84
2) The Range was 400 points, after initial price driving down till I period. J,K tried to clear the singles of I but failed. price weakness was seen. any upmove towards 12000 can be shorted positionally. 

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