NF left large buying tail and ended as short covering profile in last session showing presence of buyers.Holding tail of last session expected more short covering and that fill back in Friday trend day profile till 18720-18740 expected. NF had a auction around PDH in first session then gone for further move higher closing Friday extn singles and ended at high.
NF stopped 07days of one time frame down.
Double distribution trend day up closing at high.
Today's lower distribution has got decent buying activity which got held till close. This lower distribution good support now swing wise.
As discussed in closing commentary, today's auction opened up 18810/18840 swing wise staying above 18600.
Swing Long triggered above 18590 almost met its obj 18720 today.Negation moves to 18600 now for 18810-18840/18910-18940 next.
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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