01st Jun 2020

Monthly MF Charts for NF and BNF




Weekly Analysis

NF VAs

VAH - 9509
POC - 9427
VAL - 9117

BNF VAs

VAH - 19436
POC - 19116
VAL - 18078

  • Recovery of BNF was bigger than NF. 
  • In May, BNF went below April low whereas NF did not go near to April low.
  • NF was stronger than BNF. 
  • Expect BNF to move upside faster and bigger compared to NF in June
  • ViX is contracting towards 27 and 25 zone. It might stay flat to negative most of the time




Daily Analysis:

NF VAs:

VAH - 9465
POC - 9427
VAL - 9402

BNF VAs:

VAH - 19104
POC - 18954
VAL - 18864

  • In NF, 9400 and 9350 are ref levels on the downside and 9580 and 9690 levels on the upside
  • Trend is changing towards upside, Sentiment is still Cautious
  • Gap between 9356 and 9282 is closed on Friday. Another Gap pending between 9557 and 9693, which might be attempted today. Bulls need strength to close the gap. Any first rejection around this zone can be shorted for target towards 9450 zone
  • ViX closed towards 30.22. It was flat to negative. Expect ViX to be flat to negative and go towards 27 and 25 zones.





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