NF had double distribution up day with incomplete auction at top in last session.They opened above high and gone for Open auction to start the day. As long as no acceptance into lower disbn of last session expectation was to look for balance and skew higher..They rejected at extn singles at stayed higher with range extn today. Above 24505 spike marked to get 23535/24560-24580 then rejection expected and this has happened after open auction then closed at dPOC.
Short covering profile.
Poor high top. Need to clear this poor high early in session else overlap lower to test lower balance and tail odds.24465-24475 support all session tmw.
Swing expected NF to get 24550/24630/24700 for the week. NF got 24550 today rest two obj remains open. Swing support moves to 24420 from 24250.
Levels wise for next session, if fails to stay below 24490 and moves above 24530 could get 24560/24595 bullish further above 24605 for 24630/24660/24690-24705. If rejects 24430 zone and accepts above 24500 then 24530/24560/24595 probe. Not able stay above 24580 and move below 24520 could get 24490/24465 weak below that for 24435/24405/24365 quite weak below 24360 to get 24335-24320/24290 reject else 24260/24225/24175/24125.
Charts and data :
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