NF had a spike up close from lower value profile in last session. Since not able to close at spike extreme and closed at mid of spike, job of buyers next to defend spike low for bullishness else value overlap auction expected. Considered weak below 24355 for 24315/24285. NF started accepting below spike low via ORR down in IB and stayed down below spike low to get till 24290. After having overlap auction for most of session, into close moved higher to print new high and then closed at dVAH.
Neutral extreme up day closing at dVAH.
Inside day.
Failed auction at low.
Narrow range lower volume day.
All above info suggesting possible to spend some more time inside balance of 4days.
Buyers of dPOC skew close today should get drive/gap next to test current 4days balance high zone then should seek for rally.Failing to do so and back in value area could tuck back inside 4days range.
Levels wise for next session, move above 24405 could get 24435-24445/24475 and further bullish above 24490 for 24525/24550-24560/24590. Not able to stay below 24320 and moving above 24375 could get 24405/24435-24445/24475. Failing to stay above 24440 and moving below 24375 could get 24350 weak below that for 24325-24315 if sustains 24285/24255-24240/24215-24205 possible.
Charts and data :
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