14th May 2020

NF opened with a huge gap-up around 9550, but was not able to sustain and drove down upto 9360 zone. BNF was strong at the first half, then later drove down and tested day low for a small amount of time. 


NF had a Open Rejection Reverse open-type with 'b' shape profile. The Auction was within the IB, so day type is a Normal day.

NF VAs

VAH - 9442
POC - 9417
VAL - 9382

BNF VAs

VAH - 19800
POC - 19698
VAL - 19554

Hypo - 1 - If price opens below YVAL, it might drive down to test 9300 / 9260 zone. If 9260 breaks, 9210 / 9180 / 9155 zone can be tested. If price does not breach 9210, it might bounce back towards 9350 / 9380 zone. 

Hypo - 2 - If price opens inside YVA below YPOC, it might balance for a while between YVAL and YPOC and later drive down to test 9300 / 9250 zone. 

Side Notes:
1) 9380 Anomaly was repaired. 
2) ViX was negative, but slowly came up and closed around 38.84
3) BNF ref zones are 19300 and 19000 on the downside, 20550 on the upside.
4) NF Ref Zones are 9260, 9210, 9180 on the downside and 9460, 9490 on the upside.

BNF Daily Profile

NF Daily Profile





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