28th May 2020 - Weekly and Monthly May Expiry!!

NF took support around 8990 and had a superb trend day it broke 9180 / 9225 zone. This is a short term trend change and NF can touch 9420 / 9450 zone. 

BNF lead the rally. Held 17500 strongly and bounced towards freaking highs. BNF can touch 19150 zone.

The rally will be driven by BNF. Up-move in BNF will be bigger than NF.

NF VAs

VAH - 9252
POC - 9100
VAL - 8990

BNF VAs

VAH - 18504
POC - 17784
VAL - 17490

Hypo - 1 - If price opens above YVAH, it might initially drive down towards 9220 / 9180 zone and then take support and bounce towards 9400 / 9450 zone. 

Hypo - 2 - If price opens inside YVA above YPOC, it might balance for a while around 9250 and 9180, break above 9250, price can move towards 9400 / 9420 zone

Hypo - 3 - If price opens inside YVA below 9160 zone, it might drive down towards YPOC 9100 and 9080 zone.

Side Notes:
1) Lot of Singles formed in both NF and BNF. Refer Chart for levels
2) NF broke important zone of 9220 with momentum, the rally will sustain for short term.
3) NF Ref levels for today are 9380 and 9420 on upside and 9180 and 9160 on the downside.
4) BNF Ref levels for today are 19000 and 19150 on the upside and 18300 and 18200 on the downside
5) BNF is stronger than NF
6) ViX was negative to flat, closed around 31.27
7) Monthly and weekly expiry. Moves will be wild. Stay Nimble.

BNF Daily Profile
NF Daily Profile


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