NF had a short covering profile with dPOc skew in last session..Buyers needed either gap or drive..They got gap today and sustained gap all session then closed at dVAH.
Gap up and buying tail today..
Back to back short covering profiles but with volume below average..If this is start of fresh auction then this P profile should sustain value all session next and deliver higher value..Else, we could repair value area of last two sessions quick.
Buyers for next session should defend 18760-18780 zone and stay higher..
Levels wise, above 18785 could get 18810/18840-18860/18895-18905. Failing to stay above 18830 and moving below 18780 could get 18750/18720 and weak below that for 18690/18665/18625.
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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