NF had a long liquidation profile in last session.Got large gap down which lead to open auction and more liquidation clearing Sep low then moved higher to close at high.
Swing obj marked till 19360 holding below 19700 and its done now..Swing resistance moves to 19660. Holding this swing downside remains open till 19240-19200.Immediate resistance at 19565 and move towards close to this expecting rejection.Some relief for buyers above 19565 only and then next major resistance 19660 for swing.
Buying tail below Sep low which had closed at high of the day.Gap remained till close.Buyers for next session better gap/drive higher and once done stay away from today value area else overlap to repair today's profile possible.It has left poor value area today.
Almost a neutral day hence sellers need to stay below 19410 clearing vwap else could allow overlap again.
Levels wise for next session,failing to stay below 19415 and move above 19455 could get 19485 and above that 19510/19535 possible.If sustains further then 19565/19595 probe.Not able to stay above 19485-19510 band and moving below 19470 could drop to 19440/19415 if sustains then 19380-19365 possible and weak below that for 19320/19290/19250.
Charts and data :
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.
コメント