05th Jun 2020

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





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