Instead of going for balance, NF gone for extension move via short covering profile in last session to print new ATH..Auction at new ATH not expected to end in just 1 or two sessions..Push higher further expected and close was considered as clearing weak hands..NF had a large gap up and still managed to get close 3IB day then closed at high.
Large gap up and buying tail day with triple distribution trend day with good volume. Lot of commitment from buyers gone into auction today with the way they auctioned all day.Extension singles/VWAP and POC are ref going forward.
3rd day of one time frame up.
20680 now solid swing support and 20750 immediate support for buyers for next session.Upside open till 20865/20920 and above.
Drive and push away from two days range via short covering profile considered to probe 20450/20600+ and weekly obj above 20640 marked for push to 20800. NF cleared all these objective in today's move. As long as we stay above 20680 next obj are 20865/20920/21010.
Levels wise for next session, open session should defend 20780 and sustain above 20815 for 20840/20865 if sustains 20890/20915-20930 possible.Move above 20945 further could get 20970/21010-21020. Not able to stay above 20860 and move below 20810 could test 20780/20755 then bounce else weak below 20750 for 20725/20700-20690 if sustains 20660/20635 possible.
Charts and data :
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