20th May 2020

NF couldn't penetrate 9030 yesterday. By the time NF reached YPOC, BNF already broke PDL (17460). 

NF open was Open Rejection Reverse and ended the day with a Neutral day. BNF opened inside YVA, but also ended with neutral day.

NF VAs

VAH - 9012
POC - 8972
VAL - 8900

BNF VAs

VAH - 18054
POC - 17892
VAL - 17532

Hypo - 1 - If NF opens inside YVA below YPOC, it might balance for a while and later break of 8900, it might test 18th may low and bounce towards 9000 / 9040 zone. Break of 8810 zone can lead to 8750 and 8700

Hypo - 2 - If NF opens below YVAL, it might drive down to test 8810, break of 8810 zone, price can test 9750 and 8700


Side Notes:
1) ViX fell 3.5% and closed around 39.45
2) BNF close to last support around 17300, momentum break below can bleed the whole market
3) Important zones to watch in NF today is 9060 and 9120 on the upside, 8860 and 8810 on the downside. Bearish below 9200. 
4) Important zones to watch in BNF are 18300 / 18360 on the upside, 17300 and 17250 on the downside
5) Poor high reference at 9035 zone.

BNF Daily Profile

NF Daily Profile

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