Short covering profile for NF in last session. 23800 marked as support. sustaining above 23940 res zone expected trend.Not able to stay below 23880 and move above 23925 marked for 23960 then considered bullish for 24035 then marked for move till 24260. NF got open test drive up failing to stay below 24880 POc of last session and remained one way up all day scaling well above 24260 then closed at higher quad.
Classic trend day with volume and data backup.
Elongated profile with dPOC skew higher..Buyers need to defend 24230 and scale higher above pOC to get range extn higher above PDH and once clean extn done should not accept below POC else repairing part of today's profile odds.
3IB day.
Negation for swing down view moved to 23965 PDH as that was above good HVN once scales expected other end of balance towards 24100+..today's move done that negating swing down view..Now swing support at 24050 and as long as that holds we could balance and skew higher towards 24370/24440/24500+ if that goes then clean imbalance towards 24650/24800. Weakness any on swing below 24050 towards 23950/23850.
Levels wise for next session, If fails to stay below 24230 and moves above 24295 could probe 24325/24360-24370 if scales 24380 then 24410/24440/24480/24510. Below 24230 could get 24195/24165 bounce else weak below 24150 for 24120/24085/24050-24040/24005/23965-23950. If fails to sustain above 24360 and moves below 24270 could get 24240-24230/24195/24165.
Charts and data :
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