Long liquidation profile it was in last session for NF..21960 considered as pivot for the day and buyers expected to get above 22035 to probe 22070-22080 and no rejection means more upside expected..NF had a open higher above VAH of last session and rejected at 22080 zone to come down to 21960 and below that liquidation marked for 21920/21825/21785/21755 and NF gone for this move in remaining session then closed at dPOC.
Another long liquidation day with heavy volume..
3IB down day.
Left another quite a poor value area. Sustain value area for trend else good two way auction for sm time fill this value area possible in next session.
21840-21875 pivot for next session. Buyers need to clear above this band to fill extn singles and extn handle to move higher..Not able to clear this pivot band could fall back to test double print tail at low and weak below that for liquidation towards 21730-21720 zone then reject and bounce else more weakness below that.
Levels wise, move above 21875 could get 21905/21945-21960 and further bullish above 21970 for 22010/22045/22075..or failing to stay below 21760 and move above 21825 could get 21860-21875/21905/21945/21960. Not able to stay above 21945 and moving below 21890 could get 21860/21830-21815/21785 and weak below that for 21755/21725-21715 if sustains 21675/21650-21625/21590-21570 possible.
Charts and data :
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