05th May 2020

NF broke all the strong support that was expected to hold. ViX shot up to 28% and now at 43. Volatility and range will be high.

BNF was Bearish as hell and kind of gave a long liquidation profile. perfect OD down movement.

NF VAs
VAH - 9427
POC - 9355
VAL - 9307

BNF VAs
VAH - 19992
POC - 19872
VAL - 19572

Hypo - 1 - If NF opens below YVAL, it might drive down to test 9170 / 9150 zones.

Hypo - 2 - If NF opens inside YVA just below POC, it might hit YPOC around 9360 zone and then drive down to test 9170 / 9150 zone, if 9150 breaks with momentum, 9090 zone might be tested. If NF opens above YPOC, it might touch YVAH, then drive down to test 9260 zone (Y. Low)

Hypo - 3 - If NF opens above YVAH and breaks PDH (9477.5), it might drive up to test 9570 / 9600 zone.

Side Notes:
1) ViX finally shot up forming a small bottom at 32 zone.
2) Important Zones to watch today are 9360, 9430 and 9477. On the down side 9260 and 9245.
3) Almost all banks fell more than 5% and BNF lead the down movement
4) 29th Apr profile has poor structure and still needs to be repaired.

BNF Daily Profile



NF Daily Profile

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