NF had higher value balanced day above 4days balance in last session. Buyers for next session expected to defend 24360 else buying tail test and move back in 4days value expected. NF failed to sustain above 24360 and gone for PDL swipe and tested 24275 4days balance POC zone which was marked as weekly support as well..could not sustain below that and gone for clean imbalance move higher which got rejected at half gap zone of large gap at 24530 which was again marked on weekly levels to look for rejection. After that rejection spent most of session in tight balance then buyers gone for liquidation move then closed at dPOC.
Double outside day i.e, PDL to PDH then PDL swipe again.
3-1-3 profile for 2days balance.
Both info suggests we may see a balance session between 24275-24335-24400-24440 next and whichever sustains at extreme could lead to trending move. Failing to sustain extreme of above zone could fill back.
Swing wise bounces happening during intra could not hold and end up giving up all the intra gains every session, suggests lack of commitment still from buyers.
Levels wise, failing to stay below 24330 and move above 24375 could get 24440/24430-24440/24465 if sustains 24495/24520 more bullish above 24530 for 24570/24605-24615/24640/24670-24680.Not able to stay above 24440 and moving below 24405 could get 24365/24335-24325 and weak below 24315 for 24285/24260 and more weakness below 24255 towards 24225-24215/24180-24165/24130/24100.
Charts and data :
Notes :
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