NF had a bullish auction moving way away from 3days balance in last session.Buyers to avoid overlap auction in P profile of last session, expected to get drive or gap. NF got a clean drive at open and moved higher further and then remained as solid trend day to close at high. Above 17445 probe was marked for 17510 then above 17550 for 17610. NF via trend day probed all obj and shot up till 17690 and closed there.
Pointers from the day :
NF printed a clean trend day. Buyers in clean control with such trend day with decent volume.Sideways to more bullish bias.
It has reached 17540 swing zone today and acceptance above that (as mentioned under larger picture in last report) is for 17700/17800/17950. NF almost got first obj today itself and rest probe possible based on today's bullish auction. Negation for the view at 17550 now.
It has swiped Dec high today and negated major selling zones from 13/12 profile.No sign of supply yet.
For next session 17650-17660 support zone..Failing to scale below this could get 17690/17720/17745 if sustains then 17790-17805 possible. Further acceptance above 17820 could get 17855/17885.
Failing to stay above 17720 and back below 17655 coud get 17630/17600/17575 and weak below 17560 for 17520/17495 and quite weak below 17480 for 17450/17410.
Charts and data :
Detailed plan with references to carry forward, actionable trade hypos for next session, any importance nuance from the day and view based on weekly and monthly time frame are available to members in private blog.Above report is only part of it.
Notes :
a) Check glossary page in website if any of the terms used in the post are not clear.
b) If images are not clear, click on them for enlarged view.
Коментарі