2nd Jun 2020

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.



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