Nifty Ninjaa

NF had a strong gap-up opening around 10300, but got sharply rejected towards YVAH. Reliance, ICICI, HDFC - all the heavy weights are weak and drove down NF. NF still hasn't broke YPOC (10107), which is an important level for further downside towards 10,000 zone. Opening for both NF and BNF was OAOR, the day ended as a Normal Variation down day. NF VAs VAH - 10318  POC - 10267 VAL - 10172 BNF VAs VAH - 21540 POC - 21204 VAL - 20874 If NF opens inside YVA below YPOC, price might balance for a while. Any rejection around 10245 / 10270 zone, price might drive down towards Y.Low and break of 10107, price can still further drive down towards 10020 / 10000 zone. If YPOC is broken upside with momentum, price can go towards Y.high and break of 9320 zone, price can further drive up towards 10400 / 10420 zone NF has Singles around 10245 and 10213 zone.  BNF has singles around 21447 and 21285 zone ViX spiked up towards 30. closed around 29.65 (up 3.3%) Ref Levels for today in NF are 1027...

Weekly VAs NF VAs VAH - 10172 POC - 10100 VAL - 9870 BNF VAs VAH - 20838 POC - 19974 VAL - 19704 On the weekly value areas, in NF 10100 zone seems to be important for this week. Any break below 10100, can fuel NF towards 9800 zone. similarly, in BNF any break below 20800, can take BNF towards 20350 and 20100 zone Daily Analysis NF VAs VAH - 10145 POC - 10107 VAL - 10070 BNF VAs VAH - 20886 POC - 20724 VAL - 20514

NF opened just above YVAL, drove up towards POC 10100 and rejected sharply. Price drove down towards 1st June VAH 9930 zone, took support around that zone and started rotating between 10060 and 9930 zone.  BNF was weak and dragging the index. Reliance was holding strong. NF and BNF has a Normal Variation Down day. NF VAs VAH - 10067  POC - 10020 VAL - 9980 BNF VAs VAH - 20754 POC - 20436 VAL - 20238 VAs Shifted lower compared to 4th Jun 2020 indicating bearishness in market. Strong support around 9780 and 9800 zone, Price might move towards that zone slowly.  Short term structure of market is bullish Ref Zone in NF for today are 10080 and 10100 on upside and 9870 and 9835 on the downside Longs be cautious today.  ViX was down by 2% and closed around 29.69

NF and BNF had an adventurous day. Personally i was expecting a sharp down move towards 10050, but couldn't time well. My Short stoploss got hit. There is no reference in NF around 10200 zone. There is only a big gap between 10080 and 10300.  NF and BNF had a gap-up open and till EOD the gap was protected. Do no short the market unless you have some reversal sign, Keep an open mind as it is Weekly expiry NF VAs VAH - 10130 POC - 10100 VAL - 10060 BNF VAs VAH - 21180 POC - 21030 VAL - 20784 If NF opens below YVAH (10060) or inside YVA below YPOC and break of 10030 zone, can trigger price to drive down towards 9980 and 9930 zone. If 10030 is not broken, it might bounce towards YPOC and 10130 zone. If NF opens above YPOC (10100), it might bounce towards 10200 zone, any rejection around that zone can trigger a down move towards 10060 zone. If 10200 breaks, price can test 10300 zone and close the gap. ViX was down 2% and closed around 30. Reliance was flat and BNF had some profit bookin...

NF opened inside YVA and took support around 9780 zone, bounced towards 1st Jun high. BNF and Reliance supported the upmove. NF further notched up towards 10,000 zone. NF and BNF had a Normal Variation up day. NF VAs VAH - 9935  POC - 9835 VAL - 9815 BNF VAs VAH - 20334 POC - 19968 VAL - 19848 If NF opens above YVAH and drives up, it can test 10060 and 10090 zone. Break of 10090, can make price head higher towards 10150 zone. If any rejection around 10090 zone, price can retrace towards 9900 and YPOC levels. Huge Gap (Singles) between 10085 and 10300. NF need lot of strength to cross this zone. We need to closely watch how price reacts here. higher probability to get rejected around this zone, since it is the first time price is testing this zone. ViX closed at 30, down by 2% Ref Zone in NF for today are 10090 and 10130 on the upside, 9900 and 9870 on the downside Ref zone in BNF today are 20750 and 20900 on the upside, 20300 and 20150 on the downside

NF had a gap-up open @ 9661 and drove up towards 9900 zone, which was the previous month high as on April 30th. BNF also had the same type of move and auction, but it has long way to reach April 30th high. Successful open drive up happened at open and later after 2PM, the open drive failed to sustain 9900 zone. NF had a Normal Variation day. NF VAs VAH - 9870 POC - 9792 VAL - 9765 BNF VAs VAH - 20070 POC - 19974 VAL - 19818 Zones to watch in NF for today are 9910 and 9950 on the upside and 9700 and 9640 on the downside. Context is Bullish, but cautious on the zone. 9920 has to break for further upside towards 10050 and 10100 zone. Side Notes: 1) ViX had a sudden spurt up by 5% and closed around 30.74 2) BNF Breaching 20200 can push the prices towards 20700 zone.