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Showing posts from April, 2020

30th Apr 2020 - Weekly and Monthly Expiry!!

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As Expected, NF broke 9530 zone and touched 9600 zone. Now major zone to break is 9610. If price breaks this zone, it might drive up to test 9870 zone. NF VAs VAH - 9537 POC - 9455 VAL - 9425 BNF VAs VAH - 21054 POC - 20730 VAL - 20538 Hypo - 1 - If price opens above YVAH, it might drive up to test 9610 zone. If 9610 breaks with momentum, price might drive further up to test 9870 zone. (13th Marc VPOC). Hypo - 2 - If price opens inside YVA, it might take support around 9505 zone and bounce to test 9610 and if 9610 breaks, 9850 / 9900 zone might be tested. If price breaks 9500 / 9480 level, it might drive down to test 9400 / 9380 zones. Side Notes: 1) ViX moving towards 30 / 27 zone. it was down almost 5%, closed around 33.84 2) Note that, the 29th Apr Profile structure is poor. 3) Any break above 9610, can directly bring us 9850 / 9870 zone. 4) Both in NF and BNF a spike base is formed. in BNF above 21350, price can touch 21850 and 22000 zones. 5) Today is Weekl...

29th Apr 2020

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NF Closed on a strong note. Closed at highs. Broke 9385 decisively. We will be looking for follow through auction for price to drive up to 9530 zone. The open type was Open Rejection reverse and price sharply reversed without breaking IBL. Potential COD setup. NF VAs VAH - 9360 POC - 9315 VAL - 9272 BNF VAs VAH - 20574 POC - 20370 VAL - 20280 Hypo - 1 - If price opens above YVAH, it might test 9340 zone and bounce upward to test 9500 / 9530 zone. If price breaks 9510 with momentum, then it can further move up to test 9580 / 9600 zone. Hypo - 2 - If price opens inside YVA and above YPOC, it might balance for a while and later it might take support around 9330 and drive up towards 9500 zone. If price tests and breaks YPOC, it might drive down to test 9230 / 9200 zone. Hypo - 3 - If price opens below YVAL, it might drive down to test 9170 zone. Side Notes: 1) As expected, ViX is moving down towards 30 zone. NF might slowly move towards 9600 zone. We will have to see ho...

28th Apr 2020

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NF VAs VAH - 9360 POC - 9340 VAL - 9302 BNF VAs VAH - 20214 POC - 20118 VAL - 20028 We did not get a follow through open in NF after a neutral day (from Friday 24th Apr), which means price does not want to go down, BNF also supported the up-move. We opened above YVAH and drove up until 9350. It might take sometime to break that level. 9280 will act as support, any break of 9280 can trigger a down move. Hypo - 1 - If Price opens above YVAH and breaks 9385 zone (20th Apr high), it might drive up to test 9500 / 9520. price can test upto 9610 zone if it breaks 9530 with momentum. Hypo - 2 - If price opens inside YVA, it might do some balancing moves and later if it breaks 9360 zone with momentum, it might test 9500 / 9520 and if price breaks 9280 it can test 9200 / 9180 zone. Hypo - 3 - If price opens below YVAL and breaks 9280 zone, it might drive down to test 9200 / 9180. and if 9180 breaks, can test 9095 VPOC from 22nd Apr 2020. Side Notes: 1) ViX did not spike up....

27th Apr 2020

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Hello, Good to back after a long time. Had some Personal and Work-Related stuff to solve. Analysis for 27th Apr 2020. Weekly profiles of NF and BNF. Weekly Analysis: VAs of NF VAH - 9330 POC - 9227 VAL - 9087 HVN - 9268 VAs of BNF VAH - 20172 POC - 19578 VAL - 19194 HVN - 19570 NF was showing strong up moves mainly due to Reliance Bullishness. BNF was damn weak.  Zones to watch for next week in NF are 9085,9045, 9020. These are the last support zones. If the zone breaks, price can test 8800 / 8750 zones. If the support does not break, it can test 9400 / 9450 zones. Highest OI for this week expiry stands at 10000 and 9000 zones. The probability is high for Price to take support and bounce. BNF might take support around 19500 - 19400 zone and bounce. If 19400 breaks, price can test 19100, 19000, 18900 zones. From my perspective, Friday indicated some bearishness, but BNF might take support around the mentioned levels and might drive up. Daily An...