NF had 5IB down day with large liquidation auction in last session.22640 zone buyers needed to sustain and not able to stay above 22640 means drop to 22590 then overlap in lower disbn of last session expected with a probe towards 22560/22525/22500-22480. NF at open tried to stay higher above 22640 but failed and dropped quick to 22590 which pushed down to 22535.Bounce also got rejected again at 22640 zone then remained all day down to probe till 22510 then closed at dPOC.
Another long liquidation session.
Inside day.
Immediate resistance for next session 22590-22620 zone..Holding this, we could look for push down again and more weakness below 22520 to get 22480/22440-22420 then bounce possible. Minor bullish above 22620 and solid bullish above 22660.
Levels wise for next session, If fails sustain above 22620 and moving below 22560 could get 22530/22505/22475 and sustains means 22445/22410/22365-22350 possible. Not able to stay below 22520 and moving above 22580 could get 22615/22640 if accepts further then 22670/22710 possible and anything above 22720 could get 22755-22770/22810-22820.
Charts and data :
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