NF had a short covering P profile in last session..Buyers expected to get drive or gap else test of tail/gap expected.They had a open higher but could not sustain above PDH and gone for open test drive down which missed VAL marginally. Then pushed higher all session to close at dPOC.
5th day of one time frame up.
Another buying tail.
Skewed upper distribution with double print selling tail top. Buyers should defend lower balance of the day to balance till VAH/selling tail then later should look for range extn higher next or get drive/gap higher and then never visit below POC of the day.Not able to do so and accepting in lower balance could get test of tail and PDL zone.
Levels wise for next session, failing to stay below 19400 and move above 19430 could get 19455 if sustains 19490 and bullish further for 19520-19530/19565/19590. If fails to stay above 19480 and moves below 19450 could get 19425 and weak below that for 19400/19370 if sustains 19340-19330/19300 possible.
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 :
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