NF had outside day as well as printed 2days balance 3-1-3 profile at close of last session. 24275-24335-24400-24440 was zone to look for balance and later whichever side sustains expected trending move..They gone for balance in first session and later cleared 24275 which lead to liquidation move till close one way and then closed at lower quad.
Triple distribution down trend day.
3IB down day.
Poor high at top.
Volume was on lower side below average all day but still sellers able to push down good and got dPOC skew down at close.Auction looks incomplete at low..They need to stay below 24190-24220 band if opens inside range to drag down to dPOc then could see more downside..Or drive down at open to get 24060 zone and below.Not able to stay below 24220 and moves back higher later in the session could go for filling second disbn as well as extn singles left today.
Weekly got flipped below today POC of high volume last week profile and probed VAL zone of the week..Focus tmw how good they are able to stay below this VAL zone of last week and failing to do so could move back in weekly value.
Levels wise, move above 24200 could get 24235/24265-24280 and more bullish above 24290 for 24320-24335/24365-24375 if sustains 24415/24450-24465.Failing to stay below 24125 and bounce above 24165 could get 24190-24200 then above probe zones possible. Not able to stay above 24220 and move below 24180 could get 24155/24125-24110 bounce else weak below 24095 for 24060-24045/24015 if sustains 23970-23960/23920 possible.
Charts and data :
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