NF had a failed DD day and neutral day in last session. Observation was that no commitment by buyers at close and only cleared weak shorts hence not accepting above this profile expected move back to lower balance of DD profile. Marked weak below 23760 for a move till 23645. They opened lower below POC 23760 and all day kept down to probe entire lower balance of last session with a probe till 23615 then closed above dPOC.
Long liquidation profile.
Inside day + OAIR day repairing DD profile of last session.Likely to get imbalance session next.
23685 ref for next session.Once start accepting above this we may have sm noise but once noise done could stabilise with higher move. Not able to scale/sustain this level and clearing PDL could get liquidation.
Swing lows mentioned getting weaker and expected move towards 23650/23575/ 23525/23445/ 23335/ 23200 in coming sessions with negation at 23950 and we got 23650 today. Negation now moves to 23760.
Levels wise for next session, move above 23685 could get 23715/23745-23760 if sustains 23800/23835 and further bullish above 23845 for 23875-23890/23925/23950/23985/24015-24030. If fails to stay above 23840 and accepting below 23750 could get 23715/23675/23645/23615 weak below 23605 for 23575/23545/23515 and further weak below 23495 for 23460-23445/23395/23345-23335.
Charts and data :
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.
Yorumlar