NF printed short covering P profile on expiry day.Not staying above this profile expected to repair weak lows left in that session. NF got gap up but could not sustain on Friday and gone down to clear PDL then remained as large liquidation profile till close.
5IB down day with large liquidation auction. Too short by range and auction.
Outside day.
Stay below 22640 then overlap in lower balance possible and accept above 22640 means odds of filling large extn singles left in profile from last session.
So, not able stay above 22640 could drop to 22590 if sustains 22560/22525/22500-22480 probe and more weakness below 22470 for 22445/22410/22365-22350. Failing to stay below 22520 and move above 22580 could get 22615/22640 and above that could get 22670/22710-22720 reject for balance else 22755-22770/22810-22820 probe.
Weekly :
NF had triple disbn week. Filling between 22470-22740 expected next and above 22740 marked for 22840/22930. NF moved to 22880 then dropped to 22470 and closed below VAL of higher value week.
22640 holding could look for retest of weekly low zone 22500-22470 and bounce else move to 22400-22365 then bounce..Weak below 22350 for 22260/22200/22080/21980/21890.Staying above 22640 could get 22710/22770/22820-22840 then rotation down possible.. Sustains 22840 means 22930/23020.
Monthly :
6 months of one time frame up after Apr close and May has started with swipe above Apr high i.e 7th month of one time frame up now. Odds of balance between 22850-22640-22350 roughly now for May then decide which side this wants to trend.Staying below 22350 test to 22200/22080/21900 possible then could bounce higher back to 22350 to decide..Weakness if stays below 21850 for 21600. Upside any rally chance is staying above 22850 for 23020/23200/23450/23600.
Charts :
Daily
Weekly
Monthly
Data :
Notes :
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