NF last session repaired imbalance auction of previous uptrend day and closed below VWAP of trend day hence considered weak with expectation of balance to reversal odds.POC and VAH zone considered as good res and marked bullish only accepting above VAH of last session.they failed to sustain POC today and probed all lower levels marked till 23790 and gone much lower then closed at dPOC.
Double distribution trend day down cleared 01/01 up trend day low and got extension lower.
Almost a 3IB down day with poor high top.
POC ref for next session if opens flat inside range.Sellers of today should stay below POC to get below PDL and sustain and not failing to do so and accepting above POC could have two way auction and test extn singles of the day then decide.If accepts in upper balance means more bullish. Odds higher for two way auction in first session incase of open inside range.
Swing support 24050 gone and below that test of 23950/23850/23790 expected which is done now.23950-23980 res zone now.
Levels wise for next session, move above 23750 could get 23790-23800/23850/23885 and above 23895 could get 23925-23955 reject else 23985/24015 odds and anything above 24030 calls for 24070/24105+. Not able to stay above 23935 and accepting below 23875 could get 23835/23805/23770/23735/23695 weak below 23690 for 23650-23635/23595-23575 bounce else 23545-23525 odds.
Charts and data :
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