Nifty Ninjaa

@9.00 AM Trade Plan - 1) If open above YVAH and drives up. will keep day low as SL and go long for a target of 8590. (20th Mar VPOC), BNF was struggling to move above 18710 zone. if this shows momentum upside today, we can confidently go long 2) If open inside YVA, opens flat. will wait for IB formation and see how price is auctioning. NF was highly bullish yesterday due to RIL. BNF was struggling as usual. Any indication in BNF auction will also force NF to move in the same direction or stay flat if RIL supports today. ViX also got crushed yesterday after long time. one thing to note is NF YPOC is at 7820, it did not shift higher. so any break of YVAH (8200 zone) which is also 23rd March high, price will test YPOC. Opening is important today. we might even head for a boring expiry to crush all the IVs in options. the premiums are way to higher in April and Liquidity is not that good.

NF closed at 8900. The price broke IBH but was not able to touch YPOC. D period reversed, IBL was broke at L Period and NF Closed at lows. The day was neutral extreme down day. Weekly Profile Standpoint. Last two trading sessions, NF was auctioning around Friday B Singles between 9250 and 9050. VAs and POCs are formed in the singles zone. Because this is the zone where NF shot up after a gap down open on Friday (13th Mar 2020). Important Zones for NF to watch are The gap between 10300 and 10085 Friday Low 8300 The gap between 10830 and 10690 (Very difficult for NF to break / penetrate this gap) for BNF to watch are The Gap between 25520 and 25960 Friday Low 21000 Gap between 28210 and 27955 (Difficult for BNF to break upside) For NF, Short term, if the Friday low holds (which will mostly hold). i anticipate the price to bounce off to test Friday High 10130 level and later it might break that level to test 10500 / 10600 zone. The swings will be huge due to high...

I will be irregular in posting Hypos till April 8th. Apologise for the Inconvenience. Regards, Chan