NF had FA top in last session.Staying below 25350 expected balance to skew down to 25050 which not holding means expected move till 24965/24920/24885/24850. NF stayed below 25350 and failed to hold IBL which gone for clearing PDL and lead to liquidation to probe till 24885 then closed above dPOC.
Double disbn down day.
4IB move liquidation day.
Volume again on higher side,
Fat tail low today. Buyers not holding this fat tail and pushing above 25240 short term could see one more liquidation. 25240 goes means one whip higher then could come down again. Auction flip today below 25050 opens up 24850/24740/24665.Negation now stands at 25350 for this and once 24850 accepted clean, negation could be moved to 25240.
Immediate res for next session 25040-25060 holding this could drop back to 25000/24970/24945 bounce else 24915-24895/24865-24850/24820 if sustains 24775/24735 and more for next session. If sustains 25060 could squeeze to 25100-25115/25145 reject for value overlap else 25180/25220-25230 odds and more bullish above 25245 for 25275-2590/25320/25350.
Charts and data :
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