NF opened below 2days composite and gone for drive down open. Marked 19535 below 19600 to repair poor value area of 04/08 which they done by IB..Then remained in balance as liquidation profile for entire session which could not hold in balance but spiked higher later for close. Not able to stay below 19530 and move above 19585 marked for 19610/19650/19695-19705 which they got via spike then closed higher.
Outside day.
Neutral extreme up day.
Large spike close. 19595-19635-19700 spike zone..Sustain above such spike early in session needed for buyers as they got dPOC skew close, to get 19740/19780-19810 next.Not able to do so and sustaining below 19690 could go for filling spike zone.
Only part of poor value area zone repaired till 19530-19520 and still 19420 repair due..Swing wise, till this gets done upside moves carry a risk.
Levels wise for next session, move above 19705 could get 19735/19760 then could rotate down..If sustains 19795-19810/19840 possible.Not able to stay above 19760 and move below 19695 could get 19650-19635 or open auction below 19675 could get 19650-19635 which should bounce for balance else 19610-19600/19575-19555 possible and quite weak below that for 19525-19520/19480/19450/19420.
Charts and data :
Detailed plan with references to carry forward, actionable trade hypos for next session, any importance nuance from the day and view based on weekly and monthly time frame are available to members in private blog.Above report is only part of it.
Notes :
a) Check glossary page in website if any of the terms used in the post are not clear.
b) If images are not clear, click on them for enlarged view.
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