Triple distribution up trend day close in last session.NF had dPOC skew close and got a move higher from PDH at open today but could not sustain after open and started moving below POC of last session. Not able to stay above 22390 and moving below 22300 marked for 23250 and below. NF got 23250 quick but could not sustain lower then bounced and stayed in IB range all day..Later, in closing hour moved down from morning balance to print new low then closed at low.
Almost a normal day auction inside IB range all session except marginal swipe at IBL.
Some profit booking and pause after good run up from low of event day.3rd day of one time frame up ended with tail top.
No volume based move downside early next session likely to get overlap in first session then could move to POC as we got 45 degree move down from wide POC.Not able to stay below PDL could get overlap higher first then above 23320 odds of further push higher for next session. Sellers need to defend 23290-23320 and balance down to get follow through downside.
23150 remains as good swing support.
Levels wise for next session, not able to stay below 23210 and moving above 23270 could get 23305-23320 if sustains 23350-23365/23395/23440-23450 and further squeeze above that towards 23520/23580/23640. Not able to stay above 23340 and moving below 23280 could get 23250 and staying below 23250 could get 23215/23170-23150 bounce possible. Quite weak below 23120 for 23080/23040-23020 bounce else 22960/22930 probe.
Charts and data :
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