06th May 2020

NF Closed at lows, strong bearish context, it could not penetrate above 9420 / 9400 zone. BNF is ultra bearish and all PSU banks fell more than 5%.
RIL is kind of strong and holding the zone, that is why the move in NF was kind of zig-zag for a while.

BNF Last support was 19400. There are no VPOCs nearby on the downside. We have one VPOC at 18228 from 7th Apr 2020.

NF VAs
VAH - 9395
POC - 9357
VAL - 9305

BNF VAs
VAH - 19950
POC - 19776
VAL - 19578

The downtrend can continue to test 9170 / 9120 / 9090 / 9050 zones. The Zones to short are 9310 and 9360. If price moves above 9370 with momentum, it can test 9420 / 9470 and 9550 zones.



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