After a glitch session NF had a spike yesterday and closed at day high..Above 15065 considered quite bullish and probe was expected today for 15150/15230..NF had a open around 15065 and had open drive up with good volume which made high of 15180 during A period itself and then remained as normal day within A period with balanced auction and closed below dVAL..
Auction pointers from the day :
NF entered back into previous outside week range and now partly negated the sell off of last week.
NF registered normal day without any extension from IB range and left a poor value area too due to last hour failure from weak high back to dVAL zone..
March got higher premium today about 75 points..
Above two info suggests we may go in for choppy first session tomorrow with mean reversion moves to repair poor value area as well as to adjust inventory with such premium.
Auction upside yet to be completed and left weak high today and path of least resistance upside after having higher value today after a spike yesterday. Negation for this view is 15040 as of now and as long as we hold this in first session tomorrow could look for move higher.
Price wise for tomorrow, failing to sustain below 15120 could fill 15120-15175-15200 zone if accepts then 15240/15290/15340 possible later..
Weak below 15120 for 15080/15050 and quite weak below 15040 for 14970/14930.
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