NF had FA at low and prominent selling tail at top in last session. If tail is cleared then another solid squeeze expected.NF started accepting above last session selling tail via open auction then got all day squeeze to leave short covering trend day.Considered bullish above 19925 for 19965/19990 and NF probed well above this and closed at high.
Buying tail and trend day closing at high.
7th day of one time frame up.
Swing support now moves to 19920 from 19770. Probe zone upside for the week marked 20020/20100 and first one done in today's auction and 20100+ doable before any balance..Then some balance which holds 19920 means next leg towards 20250+.
Levels wise for next session, not able to stay below 20020 and move above 20060 could get 20090-20110/20140-20150. If fails to stay above 20060 and accepts below 20020 then 19985-19975 possible and weak below 19960 for 19930-19920 then should bounce else 19890-19875 possible.
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 :
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