04th Jun 2020 - Weekly Expiry!!

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 booking triggered the last moment downmove.

 

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