NF printed inside day yesterday and close had edge with buyers.Holding above value area expectation was to stop one time frame down on daily. NF gone for this move right at open. 14720-14730 was considered as support and holding above probe was for 14800 and 14850. NF had a low of 14730 and marked 14848 as IBH. Later NF started getting two way whipped moves all through the day..Move down in to yday range expected to probe value area fully which got failed below IBL and later confirmed FA there at low and turned into neutral day with close at dPOC.
Pointers from the day :
NF stopped one time frame down happening since 16th.
NF printed neutral day with FA at low which is ref going forward after today’s one time frame down stopping.
It has left clear poor high at 14900 which was high of 18th Mar large sell off day..Also by intra auction its poor high without secured high. Till it gets cleared, downside moves carry a risk.
All above info are suggesting buyers are getting control over auction slowly..Could be decider day for them tomorrow for settlement move.
Buyers had edge at close with higher value + FA at low closing at dPOC and doesnt have secured high..They need to hold around 14800 early in session to get a secured high above PDH..If starts accepting below 14800 then first liquidation move and later could go for getting secured high.
Price wise for next session, if holds around 14800 then could test 14850-14870 zone..
Quite bullish above 14870 to get 1491014960/14990/15025 if sustains then could get 15075/15130.
Failing to sustain below 14720 and back above 14760 could move to 14820/14850-14870.
Failing to sustain above 14900 and back below 14850 could test back 14810-14780 and weak below 14780 for 14750/14720-14690 and quite weak below 14680 for 14650/14610/14580.
Charts and data :
Detailed plan with references to carry forward, trade hypos for next session, any importance nuance from the day and view based on weekly and monthly time frame are available to members.
Notes :
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