NF had a 3IB down long liquidation day on expiry day..21840-21875 considered as pivot and buyers failing to stay above this expected liquidation below double print tail low to get 21720 then reject and bounce expected.NF failed to scale above 21840 and gone for 21710 in IB then again bounce failed to sustain and gone for new low then bounced to close at dVAH.
Failed auction at low failing to stay below 10days composite VAL.Sellers exhaustion and pushing for balance again.
Neutral extreme up day closing at high.Advantage buyers.
21780-21810 pivot for next session..As long as holding this, looking for follow through higher above NE up day to travel back into expiry day liquidation profile to test extn singles and extn handle zone if rejects means rotate down, accepts means travel higher further into 08th profile.
Not able to sustain above PDH of NE up day and clearing pivot 21780 could call for test of lower balance and FA zone and goes means more liquidation..
Levels wise, failing to stay below 21820 and move above 21850 could get 21875 and bullish above that for 21905/21945-21960 and reject else further bullish above 21970 for 22010/ 22045/ 22075 /22105 /2213 ..Failing to stay above 21960 and moving below 21840 could get 21815/21785 and weak below 21780 for 21755/21725-21715 if sustains 21675/21650-21625/21590-21570 possible.
Weekly :
21870 considered pivot for the week to start with for a move higher towards 22050/22120-22150 then reject else 22220-22240 expected.NF started the week holding 21870 to get 22195 then rejected and below 21870 marked for a move down towards 21760 then bounce expected which they did holding 21760 twice and below 21760 marked for 21690/21635 and below, which they rejected at 21674 and bounced.
Inside week with poor value area and closed at dPOC and also closed at two weeks balance composite POC..As long as not accepting below this weekly wide POC looking for a quick push higher to 21910/21960+ i.e, staying above 21780-21810 band looking for push higher.If sustains 21960 then test of 22010/22060/22130 possible then could rotate down..Anything above 22130 could go for 22180/22240/22290/22350+. Weak below 21780 for 21720/21650/21575/21525/21450 /21410.
Monthly :
Monthly started as trending profile then got failure from that drive and below 21800 expected liquidation which got arrested now at first obj zone 21690-21635 and bouncing..As of now Feb showing clean bell balance and likely to remain in this bell balance for the coming week too.Resting at Jan POC zone now and as long as holding 21720-21780 odds of push higher to 21960/22060 zone and good resistance possible there, stretch means towards 22130-22180 then rejection again possible to remain inside current developing monthly value..Anything above 22180 with daily value could push higher for 22290-22350+.. Weakness below 21700 towards 21550-21525/21410 and below.
Charts
Daily :
Weekly :
Monthly :
Data :
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